The Lagos State Government is receiving a €170 million investment from the European Investment Bank to improve its water transport network. The initiative, managed through the Lagos State Waterways Authority (LASWA), aims to create a more efficient, resilient, and affordable public transportation system. This funding is intended to enhance urban mobility within Lagos, addressing congestion on roads. Beyond transport improvements, the project promises significant socio-economic benefits for residents. Environmental benefits are also anticipated as a result of increased reliance on waterways. The investment signifies a commitment to sustainable urban development in Lagos, Nigeria.