The Federal Government has proposed ₦102.3 billion as counterpart funding for the Lagos Green Line rail project in the 2026 Appropriation Bill, signalling continued support for the major urban transport initiative.
Budget documents show that the allocation, meant for Phase One of the project, will be transferred to the Ministry of Finance Incorporated (MOFI) to support structured financing and federal equity participation. The proposed sum is lower than the ₦146.14 billion provided in the 2025 budget.
The 68-kilometre Green Line rail is designed to run from Marina to the Lekki Free Trade Zone, passing through Victoria Island, Lekki, Ajah and Epe. Estimated at about $3 billion, the project aims to ease congestion along the Lekki-Epe corridor and improve mass transit in Lagos.
The 2026 budget proposal is subject to approval by the National Assembly. Visit www.jocomms.com for more news.