Lagos to buy 5,000 air-conditioned buses to replace danfo – Ambode

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The Lagos Sate Governor, Akinwunmi Ambode, at the weekend said that the proposed Bus Reform Initiative aimed at giving Lagosians an integrated public transportation system would kick start this year with a sinking fund of N30 billion.

Governor Ambode, who spoke to journalists, said his administration had identified the challenges Lagosians go through on a daily basis commuting via public transportation, saying the reform was aimed at providing a viable alternative.

He said the Bus Reform Initiative is a three-year plan aimed at introducing over 5000 air-conditioned buses to replace the yellow commercial buses, popularly called Danfo, which according to him, was no longer befitting for the State’s mega city status.

Speaking on how the government intends to fund the initiative, the governor said that his administration would launch a public transportation infrastructure bond of N100 billion that would span between seven and 10 years, revealing that the government already has a sinking fund which it intends to put into the bond.

THEO




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