June 19, 2026
By Godwin Oritse
As part of efforts to develop an efficient, resilient, and affordable water transport system, the European Investment Bank (EIB) and the Lagos State Government, through the Lagos State Waterways Authority (LASWA), are partnering on a €170 million initiative aimed at enhancing urban mobility while delivering significant socio-economic and environmental benefits to residents.
Speaking on the development, Mr. Oluwaseun Osiyemi, the Honourable Commissioner for Transportation, Lagos State, said: “The EIB’s commitment to the Omi Eko Project is highly commendable. Likewise, the Lagos State Government is fully committed to providing the enabling environment required for the success of this partnership. This includes strong political will, policy consistency, transparency, accountability, and effective collaboration. We are prepared to work closely with the European Investment Bank to ensure that Omi Eko meets the highest global standards of project delivery and sustainability.”
Similarly, Commenting on the significance of the partnership, Mr. Oluwadamilola Emmanuel, Special Adviser to the Lagos State Governor on Blue Economy, said: “The partnership signing ceremony with the EIB marks a significant milestone in our journey to unlock the full potential of our Blue Economy, and of the Omi Eko Project in particular. We are confident that with the support and expertise of the European Investment Bank, the Omi Eko Project will stand as a landmark achievement, showcasing what is possible when visionary leadership meets strategic international partnership.”
