At the Africa Investment Forum Market Days, Lagos State Governor Babajide Sanwo-Olu outlined the investment strategy for the ambitious Purple Rail Line project. The 60-kilometer electrified rail system, designed to include 16 stations, aims to integrate seamlessly with existing metro and bus networks to improve urban mobility.
The project, expected to serve over 300,000 passengers daily, promises to significantly cut greenhouse gas emissions by encouraging a shift from road to rail travel. Governor Sanwo-Olu announced that substantial funding commitments had been secured, positioning the Purple Rail Line as a promising venture with strong investment potential.
In addition to this presentation, Governor Sanwo-Olu joined a pre-deal room session led by African Development Bank President Dr. Akinwumi Adesina. The session focused on advancing Nigeria’s Special Agro-Industrial Processing Zones Program (Nigeria SAPZ), an initiative aimed at transforming the country’s agricultural value chain.
