Business A.M
No Result
View All Result
Tuesday, March 10, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Finance

Lagos targets N3trn in PPPs to tackle coastal erosion

by Admin
January 21, 2026
in Finance

Onome Amuge

The Lagos State Government has unveiled plans to raise over N3 trillion through public-private partnerships (PPPs) to combat the escalating threat of coastal erosion along its extensive 180-kilometre shoreline.

Ekundayo Alebiosu, the commissioner for waterfront infrastructure development, announced the funding strategy during a ministerial press briefing, highlighting the prohibitive costs associated with large-scale erosion control measures.

While the state has already begun deploying groynes, which are rigid structures designed to trap sediment and control erosion, Alebiosu conceded that the sheer scale of the challenge necessitates significant external investment.

“Though Lagos State has already begun implementing this technology, the sheer scale of the challenge to stretch the usage along the 180km stretch of shoreline presents a significant financial burden. It costs a huge amount to construct a single groyne, and with a targeted 180km coastal stretch, the projected cost exceeds N3 trillion, a figure that makes it clear that strategic collaboration is required,” he explained.

In a bid to secure international expertise and partnerships, Alebiosu disclosed that he recently led a delegation to the Netherlands, a nation renowned for its pioneering work in coastal engineering. He noted that the Dutch model, which integrates groynes, sand nourishment, and nature-based solutions, offers a potential blueprint that could be adapted to Lagos’ unique geographical context.

Alebiosu stressed that the issue of coastal erosion extends beyond Lagos’ borders, posing a wider environmental and economic risk to Nigeria as a whole.

“This is not just a Lagos problem, it is a national environmental and economic challenge. “If we are serious about preserving our shoreline, preventing further erosion, and protecting coastal communities, then a robust partnership with the federal government and the private sector is not just desirable, it is absolutely necessary,” he noted.

The commissioner positioned the initiative as central to the broader economic and environmental objectives of Governor Babajide Sanwo-Olu’s administration, aimed at safeguarding lives and assets while unlocking the economic potential of Lagos’ vast waterfronts.

“We cannot afford to delay. Entire communities are at risk, and if left unchecked, the consequences of coastal erosion could be devastating, not only to the environment but also to livelihoods and investments across our coastal zones,” Alebiosu added.

He reaffirmed the state government’s commitment to forging alliances with international partners, federal agencies, and private investors to deliver long-term, climate-resilient solutions that will safeguard Lagos’ vital waterfronts for future generations.

 

Admin
Admin
Previous Post

All eyes on MPC as analysts bet on interest rates hold at 27.50%

Next Post

Africa eyes $180bn digital trade windfall to fuel industrial drive

Next Post

Africa eyes $180bn digital trade windfall to fuel industrial drive

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

How UNESCO got it wrong in Africa

May 30, 2017

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

TikTok snubs Africa’s largest creator market as Nigeria missed in 2025 rewards rollout

TikTok backs AI literacy in Africa with $200,000 ad credits

March 10, 2026
Fuel market on edge as Dangote halts naira petrol sales

Dangote Refinery lowers petrol to N1,075/Litre, diesel to N1,430

March 10, 2026
Hospitality Giant BWH eyes Africa as key growth frontier

Hospitality Giant BWH eyes Africa as key growth frontier

March 10, 2026
Oil climbs as drone attacks slash Kurdistan output 

Oil falls as Trump signals possible end to Middle East war

March 10, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • Oyo targets 500 MW energy generation by 2027

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

TikTok snubs Africa’s largest creator market as Nigeria missed in 2025 rewards rollout

TikTok backs AI literacy in Africa with $200,000 ad credits

March 10, 2026
Fuel market on edge as Dangote halts naira petrol sales

Dangote Refinery lowers petrol to N1,075/Litre, diesel to N1,430

March 10, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M