LASG reaffirms commitment to intermolecular transportation for economic growth
The Lagos State Government has reiterated its commitment to maximising the use of intermodal transportation systems to boost socio-economic activities and minimise traffic-related losses in the State.
Speaking at the closing ceremony of the 5th Lagos Real Estate Marketplace Conference and Exhibitions, the Lagos State Commissioner for Transportation, Mr. Oluwaseun Osiyemi, highlighted the critical role of transportation in driving economic growth.
He lamented the current situation where 90% of transportation in Lagos relies on road networks, with water and rail transportation accounting for just 2% combined.
Osiyemi described the imbalance as unacceptable, noting that Lagos accounts for 30% of Nigeria’s GDP.
“Every sector must contribute significantly to the well-being of the people,” he said, stressing the need to alleviate the trillions of naira lost annually due to traffic congestion.
The Conference also addressed the challenges and prospects of affordable housing and sustainable design.
During one of the panel sessions held on Day Two of the Conference, Architect Emmanuel Abikoye, President of the Billionaire Realtors Group and moderator of the session, called for stronger collaboration between the government and realtors.
He advocated for modular construction to reduce costs and meet the housing demands of the ever-growing population in Lagos.
One of the Panelists, Architect Emmanuel Falude, Director of the Green Building Council of Nigeria, identified the availability of materials as a major factor affecting affordable housing.
