Governor Babajide Sanwo-Olu on Tuesday said LAGFERRY has moved over 500,000 passengers in the last one year.
Sanwo-Olu disclosed this when he launched seven new ferries and cowry card for water transportation.
In his address he said LAGFERRY promotes tourism and commerce by providing logistics solutions to business owners who move their trucks and cargoes through the waterways within Apapa and through regular charter services.
He said: “The impressive performance of LAGFERRY in the last one year is an
indication of the growing confidence of our people in water transportation. It also justifies our decision to procure additional boats to enhance LAGFERRY’s operations and capacity to meet the transportation demands of its teeming passengers.
“As we empower LAGFERRY for efficient ferry services and provide an enabling environment for the continuous growth of water transportation, we must remember that it takes concerted efforts to strengthen waterways infrastructure.
“I therefore, urge the organized private sector to invest in water transportation, as the economic potential is limitless.”
In his address Managing Director of LAGFERRY, Mr. Abdoulbaq Ladi said the present administration is committed to creating an instant alternative to road transport and need to ensure Lagos benefits from the Blue Ocean Economy with a global asset base of over $24 trillion, generating at least $2.5 trillion each year from the combination of fishing and aquaculture, shipping, tourism, and other activities
Ladi said LAGFERRY was able to record many unprecedented huge milestones and edged itself in the consciousness of Lagosians noting that a total of 12 passengers boats have collectively ran 7061 hours spanning 286,280 kilometers for 10,182 trips.