- Lagos Loses ₦1 Trillion Annually to Traffic Congestion – LASG
- LASTMA has helped recover no less than ₦4 billion – Giwa
- Hamzat emphasized that efficient traffic management is vital to the city’s economic sustainability
The Lagos State Government has revealed that residents lose an estimated ₦1 trillion annually due to the impact of daily traffic congestion, which continues to hamper productivity and diminish the quality of life in Africa’s most populous city.
Eko Hot Blog reports that the alarming figure was disclosed on Tuesday by the Special Adviser to Governor Babajide Sanwo-Olu on Transportation, Sola Giwa, during the opening ceremony of the Second Lagos Traffic Conference held at Eko Hotel and Suites, Victoria Island.
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The event also commemorated the 25th anniversary of the Lagos State Traffic Management Authority (LASTMA).
“Lagosians spend an average of six hours daily on the road,” Giwa said, lamenting that the cumulative loss to the state’s economy runs into one trillion naira annually.
He further stated that through effective traffic enforcement and enhanced operations, LASTMA has helped recover no less than ₦4 billion in productivity that was previously lost to traffic congestion.
Themed “Enhancing Traffic Efficiency and Safety on Lagos Roads: Challenges, Opportunities, and Innovations,” the high-level three-day conference drew transportation professionals, law enforcement leaders, policy experts, academics, and private-sector stakeholders to examine both the challenges and potential breakthroughs in Lagos’ urban mobility sector.
Governor Sanwo-Olu, represented at the event by Deputy Governor Dr. Obafemi Hamzat, emphasized that efficient traffic management is vital to the city’s economic sustainability and overall quality of life. He reaffirmed the government’s dedication to implementing long-term transportation reforms.
