Lagos, the state of aquatic splendor as it is commonly known presents a lot of investment opportunity for savvy investor that wants to take advantage of the various water bodies scattered around the state.
The government of Lagos state in order to consolidate in the gains already recorded with the launch and operations of the BRT bus service system introduced the Metro Ferry Marine Services Ltd with the mandate to boost transportation to and fro various locations in Lagos Island and other riverine parts of the state.
As a part of measures to popularize ferry transportation in Lagos, the service introduced free rides at the inception in 2009 and today the demand for the services is growing.
Some of the operational route of the service includes Ikorodu, CMS, Lekki, Falomo, Ijegun, Ebute Ero, Apapa, Victoria Island, Majidun etc. Other states where ferry services opportunities exist includes Cross River, Bayelsa, Rivers, Akwa- Ibom, Delta etc.
The operations of ferry service business also creates and deepens the market for the following products and services life jackets, ferries/boats, car parking and washing business, supply of petroleum products and printing of flyers and tickets.
To commence operates of a ferry service in Nigeria, an investor would be required to acquire state/federal government license, have the financial and technical competence to manage the business. Interested investors can also partner with Metro Ferry Marine Services Ltd under a public – private sector partnership to develop ferry services in the state.
{This article was written to promote the idea of public – private sector partnership. Investors who require further details should contact the relevant agency.}
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