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Governor Sanwo-Olu Seeks Investors For Proposed $1.9bn Purple, Green Rail Line Projects

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Babajide Sanwo-Olu, the governor of Lagos, announced that he is seeking investors for the proposed $1.9 billion purple and green rail lines.

Sanwo-Olu made the statement on Thursday at the ongoing Africa Investment Forum (AIF) Market Days in Rabat, Morocco.

Discussing the state’s investment strategy for the purple rail line, Sanwo-Olu emphasized that the project presents a strong investment opportunity with promising returns.

The governor expressed enthusiasm about moving forward with the project, stating that his administration is ready to be flexible with investors to ensure its successful delivery.

He added that the purple rail line would connect Lagos and Ogun states.

“The purple rail line is a 60 km electrified rail system that will include 16 stations and seamlessly integrate with existing metro and bus services to enhance connectivity,” Sanwo-Olu said.

“It is projected to serve over 300,000 passengers daily, significantly reducing greenhouse gas emissions by encouraging a shift from road to rail transportation.”

Sanwo-Olu informed potential funders that the immediate requirement is $866.05 million, which will cover survey and design, as well as civil works.

He outlined a short-to-medium-term funding projection of $602.81 million and a long-term funding plan of $497.7 million.

The governor highlighted that the state is working toward a transportation master plan aimed at creating a brighter, more effective, efficient, sustainable, and safer system.

He emphasized the state’s focus on integrated transportation systems and mass transit solutions to reduce traffic congestion and commuting time, ultimately improving the health and wellbeing of residents.

He further explained that each corridor features a bus rapid transit (BRT) system and waterway routes, designed to take commuters off the major roads and alleviate traffic.

“Two of the stations that were built on the same line are also connected with water, rail and BRT altogether,” he said.

  • ‘THERE WOULD BE NO BACKLASHES, DISPLACED PERSONS WOULD BE COMPENSATED’

Sanwo-Olu assured investors that the state is committed to ensuring there would be no disruptions or backlash from displaced communities.

“The government would even pay compensations to displaced persons where necessary, so no additional burden is brought to would-be funders,” he added.

“We don’t want to lock in anything, we know all the various options. We understand how some of these things work.”

“We’re willing and ready to make those transactions work. We’ve seen from our experience how to guarantee revenue assurance.”

“We have a payment system under the cowry card, which is where we’d block leakages to a large extent, and the same contactless card can be used on our bus, train, and ferry, where it will all be integrated.”

“On a daily basis, they know what the traffic is and what is due to everybody. Whatever, based on the study or the ridership guarantee, we would look at it.”

Sanwo-Olu added that the state government would need “to either top up on other forms of revenue that can help out in terms of advertising rides on the corridor.”

BIG STORY

UK Grants Duty-free Access To 3,000 Nigerian Products Under New Trade Scheme

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The United Kingdom has revealed that more than 3,000 Nigerian products, such as cocoa and cashew, are now eligible to enter the UK market either duty-free or at reduced tariffs. The Country Director for the UK Department for Business and Trade, Mark Smithson, announced this development as part of the UK’s Developing Countries Trading Scheme (DCTS) in a recent video released by the UK in Nigeria.

“Up to 3,000 products from Nigeria qualify for low tariff or no tariff access to the UK through the Developing Countries Scheme, one of the most generous trading schemes in the world,” Smithson stated.

He added that the UK has streamlined the process for Nigerian exporters, making it simpler to trade a wide range of goods, including cocoa and textiles.

Smithson urged Nigerian exporters to take advantage of this opportunity.

“The UK is open and looking to do business with Nigeria. So why don’t you go to the website and find out more about the Developing Countries Trading Scheme and begin to trade with us?”

The DCTS, launched in 2023, replaced the UK’s former Generalised Scheme of Preferences. It aims to lower tariffs and simplify trading regulations for over 60 developing countries, Nigeria included.

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BIG STORY

Abosede Tomori Foundation (ATF) Launches In Lagos With Health Outreach, MSME Cash Grants [PHOTOS]

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The Abosede Tomori Foundation (ATF) made a debut in Lagos on Saturday with its flagship health outreach programme and cash grants for the unemployed, small, and micro businesses.

Speaking during the launching of the foundation in Ejigbo, Oshodi-Isolo constituency II, its Chairman and Special Assistant to the Minister of Solid Minerals Development on Media, Segun Tomori revealed that ATF was conceptualized to immortalize his late mother, Abosede Adebisi Tomori, and honour her legacy of generosity by providing succor to the less privileged and lifting the downtrodden.

“I lost her when I was still finding my feet, when I couldn’t repay her unparalleled kindness and love, when I couldn’t give her the life she deserves. So, I made a solemn vow to do what I could to ensure that her name never fades. To ensure it is etched in our hearts, in the hearts of the downtrodden, not only in this constituency, but across the length and breadth of the country, “Tomori asserted

According to him, “Our mission at ATF is to honour her legacy of generosity by transforming lives and building communities for the emancipation of the less privileged. It is our vision to shape communities, where dignity of lives matter, ensuring support, not struggle, defines the human experience.”

The intervention areas of the foundation is encapsulated in five thematic areas including health outreach to the less privileged; Skill development & scholarship targeting disadvantaged Youth; Schools Intervention Programme (SIP) to assist indigent children access basic education; Food packs support for disadvantaged families and cash grants to boost Micro Small and Medium Scale Enterprises (MSMEs).

The foundation kickstarted its interventions with a health outreach programme that provided free medical care for about 250 residents of Oshodi-Isolo constituency II comprising Ejigbo and Isolo LCDAs while owners of 50 micro and small businesses received cash grants of N50,000 each. Additionally, over 130 bags of 5kg rice were distributed to indigent beneficiaries.

” This is only the beginning – we intend to scale up these interventions and extend it beyond this constituency to other parts of Lagos state and across the length and breadth of the country,” Tomori added

Delivering the keynote address, chairman of the occasion, and Minister of Solid Minerals Development, Dr. Dele Alake, ably represented by his Special Adviser, Hon. Kehinde Bamigbetan applauded Tomori on the laudable initiative, noting his unwavering dedication as a public servant and expressing confidence that the same passion would drive the success of the foundation.

Describing the intervention areas of the foundation as brilliant, compassionate and timely, the minister urged Nigerians to emulate Tomori by finding ways to support people in their communities, stressing that such grassroots interventions complement government efforts as encapsulated in the Renewed Hope Agenda of President Bola Tinubu.

In his goodwill message, Director-General of the Federal Radio Corporation of Nigeria (FRCN), Dr. Muhammed Bulama lauded Tomori for launching the foundation at a young age, describing him as a “rare breed with great potential.”

He emphasised that the initiative aligns with FRCN’s motto of “Uplifting the people and Uniting the Nation”, assuring the foundation of the unalloyed support of the corporation to ensure it impacts more communities across the country.

Dignitaries that graced the occasion include Minister of Solid Minerals Development represented by Special Adviser, Kehinde Bamigbetan; Director-General, Federal Radio Corporation of Nigeria (FRCN), Dr. Muhammed Bulama; Representative of DG of National Orientation Agency (NOA) and Lagos State Director of the agency, Mustafa Adedeji Tukur; representive of the Executive Secretary of Solid Minerals Development Fund (SMDF), Bola Atanda; Deputy Managing Director of Rapidlink Resources, Samson Enema, political and community leaders of Ejigbo and Isolo LCDAs, market association leaders amongst others.

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BIG STORY

As WAFCON Kicks Off Today, The Falcons Of Nigeria Will Win Their 10th Title — By Seun Oloketuyi

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The energy in Morocco is electric. From the bustling streets of Rabat to the buzzing stadium corridors in Casablanca, a continental celebration of football has begun. The 2024 Women’s Africa Cup of Nations, delayed until 2025, kicks off today — and as the anthem rings out to open the tournament, one team walks into the spotlight with more than just ambition. The Super Falcons of Nigeria are here to reclaim what they’ve long considered theirs: the WAFCON crown.

Nine-time champions, decorated with decades of dominance, Nigeria’s women’s team has been the pride of African football. But this time, there’s something different. It’s not just about titles or rankings. It’s about redemption. Two years ago, the Falcons fell short, narrowly edged out of the final by host nation Morocco and forced to watch South Africa take the throne. That sting hasn’t faded — it’s fuel.

The players know what’s at stake. Asisat Oshoala, now playing for Bay FC in the U.S. after an illustrious run with Barcelona, returns with fire in her eyes and form in her boots. Alongside her, a younger generation is rising — bold, unshaken, hungry. In training, the tempo has been sharp. In their voices, confidence. In their hearts, belief,She is expected to inspire the younger generation lead by the team Captain Rasheedat and the new blood of Alozie,Ashley,Esther and Toni Payne plus Ayinde a lot is expected.

Now led by new head coach Justine Madugu, following the departure of Randy Waldrum, the Falcons are embracing a refreshed style of play — blending tactical discipline with expressive, fearless attacking football. Madugu has not only brought structure but also instilled belief, trust, and a renewed fighting spirit,Many including me are still stunned Monday Gift is not in this team but yet we are behind them.

The road won’t be easy. Morocco is loud and proud on home soil. South Africa still glows from their 2022 triumph. Zambia arrives with momentum. But even in the shadows of rising stars, Nigeria still stands tallest. When the Super Falcons walk out tomorrow against Tunisia for their opening match, they’ll carry more than just jerseys on their backs. They’ll carry history. Legacy. And expectation.

This is a team that has shaped the narrative of African women’s football for decades. Their dominance isn’t luck. It’s culture. Discipline. Passion. Every touch of the ball, every sprint, every tackle will be driven by the memory of past glories — and the desire to write a new chapter.

As the tournament kicks off today, the message from Nigeria is clear: the Falcons are flying again. Not with arrogance, but with assurance. And by the time the final whistle blows in Rabat on July 26, they believe they’ll be right where they belong — lifting the trophy for a record 10th time.

Africa is watching. Nigeria is ready.

I Totally believe Falcons will come home with the 10th Wafcon

  • Seun Oloketuyi the producer of Flying with the Falcons

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