News

Sanwo-Olu Unveils Bus Terminal, Slashes Red Line Fares By 30%

Published

1 year ago

February 18, 2025

Lagos State Governor, Babajide Sanwo-Olu, has inaugurated the newly completed Abule Egba Bus Terminal in the Orile-Agege Local Council Development Area, a project designed to improve mass transportation and connectivity within the state.

This was just as he announced a 30 per cent reduction in the fare price of the Red Line rail service.

The governor made this known in a statement on his verified X handle on Tuesday.

The statement noted that while speaking at the inauguration on Tuesday, Sanwo-Olu highlighted the importance of the terminal in easing mobility for residents in the area.

“Today, I commissioned the newly completed Abule Egba Bus Terminal in Orile-Agege Local Council Development Area (LCDA), which is designed to enhance seamless mass transportation from this suburb to other parts of our city,” he said.

The governor explained that the terminal is positioned close to the Lagos Red Line corridor, making it easier for passengers to transition between different modes of transportation.

“This strategic bus terminal, located near the Lagos Red Line corridor, provides a convenient route for passengers to board and exit buses and connect to other transportation options,” he stated.

Sanwo-Olu reiterated his administration’s commitment to modernising Lagos’ transport infrastructure to improve the daily commuting experience of residents.

“This project marks another significant milestone in my administration’s commitment to upgrading Lagos’ public transportation system with modern, sustainable infrastructure that meets the commuting needs of our citizens,” he noted.

He further emphasised the broader vision of his government to enhance urban mobility and economic growth through an integrated transport system.

“Our vision is to enhance mobility and stimulate urban and economic growth through interconnected transportation networks, offering residents various commuting options by rail, water, or land,” he said.

In a move to make transportation more affordable for Lagosians, the governor announced a fare reduction for the newly launched Red Line rail service.

“To further improve access to intracity rail transport, I announced a 30% reduction in fares for the Lagos Red Line service, lowering costs from N1,500 to N1,000.

“I am also pleased to share that we expect new Compressed Natural Gas (CNG) and electric buses to arrive by the third quarter of this year, which will expand our fleet, increase bus availability, and reduce waiting times at bus stops,” he revealed.

The governor also called on residents to take responsibility for the maintenance and protection of public infrastructure, stressing the importance of community ownership.

“I urge residents to take ownership of this project, as it has been made possible through your tax contributions. Please take pride in it, protect it, and ensure it remains safe from harm. By safeguarding these assets, we can all benefit from their long-term value and continue to build a better future for our community,” he concluded.

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

1 hour ago

May 6, 2026

Editor

Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.

Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.

La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.

The 24-year-old has two years left on his contract with the Serie A club.

The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.

He has been a regular feature for Lazio this season.

News

Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

Published

1 hour ago

May 6, 2026

Editor

The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

“This contradiction will no longer be tolerated,” the statement said.

News

N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

Published

4 hours ago

May 6, 2026

Editor

First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.

The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.

At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.

Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.

Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.

“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.

“Women-led enterprises are critical to economic activity, yet they face structural barriers.

This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”

“Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).

“By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”

Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.

Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.

Applications for the zero-interest loan are now open.Apply now.