France to invest N83.7bn in Lagos public transport

THE French Republic, yesterday, expressed readiness to support Lagos State government in its Mega City agenda through the commitment of €200 million (N83.7 billion) to set up an efficient public transportation system in the state.

Speaking during France-Nigeria Business Forum held in Lagos as part of the activities during the visit of the President of France, Emmanuel Macron, to Nigeria, France’s Secretary of State to the Ministry of Economy and Finance, Mrs. Delphine Geny-Stephann, said that the building of sustainable cities remain a major challenge in many cities across Africa of which Lagos is inclusive.

She stated: “Lagos happened to be one the most populated city on the continent and embodies the challenges, the difficulties but also the huge opportunities of African cities.

On her part, Executive Secretary and CEO, Nigerian Investment Promotion Commission, Ms. Yewande Sadiku said that the Nigerian government has launched the economic recovery growth plan which is expected to lead to the growth of the nation’s economy and it will be a great pleasure to have France support in actualization of this project.