LAGFERRY Pledges To Harness Waterways Potentials For Economic Growth

The Managing Director, Lagos State Ferry Services (LAGFERRY), Hon. Abdoulbaq Ladi Balogun, has assured that the Lagos State Government will continue to harness the full potential of the Lagos waterways by ensuring the sustainable use of ocean resources for economic growth, promotion of water tourism, improved livelihood, and ensure revenue growth for the state by taking full advantage of the blue ocean economy said to be worth US $1.5 trillion worldwide.

The Managing Director gave this assurance during his agency’s annual waterways event tagged: “Ignite Lagos 2.0: Water Steeze Edition” held over the weekend at the Five Cowries Terminal Falomo Ikoyi.

“This event is being held to encourage more people to explore Lagos’ waterways, boost waterway transportation and tourism, and provide an opportunity to showcase Lagos’ aquatic resources and cultural heritage”, he said.

Balogun further stated that hosting the event ensures an economic boost for the state through the generation of revenue and stimulation of local businesses such as catering, entertainment, and decorations.

In his words, “Unique venue settings often enhance social interaction and create a conducive atmosphere for business or personal connections ensuring networking opportunities for attendees.

“With LAGFERRY’s emphasis on safety and well-trained personnel, guests can enjoy peace of mind while on board.

“We are here to combine leisure with functionality, offering Lagosians a fresh way to celebrate while fostering a deeper appreciation for the city’s aquatic resources”.

The event, which had fun seekers on board the Agency’s barge, MF Adimu Orisha, sailed from the Five Cowries Terminal Ikoyi to the Ikoyi link bridge with lots of music, dance and networking.