Ambode Commends Sterling Bank’s Transport Sector support

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The Governor of Lagos State Mr. Akinwunmi Ambode has commended Sterling Bank Plc for financing 434 new buses under the Bus Rapid Transit (BRT) scheme in support of the transportation sector in the state.

The high-capacity air-conditioned buses are expected to convey over 400,000 passengers daily on the Ikorodu-CMS via Mile 12 

At the commissioning of the buses and the launch of the extension of the high capacity buses’ operation from Mile 12 to Ikorodu, the governor noted that the step taken by Sterling Bank has further confirmed the need for public-private partnership for viable economic growth and development in the country.

Governor Ambode further assured that his government was committed to improving the transportation network in a bid to improving traffic flow and attracting investors to the state to support the strategic master plan of his government.

Managing Director and Chief Executive of Sterling Bank Plc, Yemi Adeola expressed the Bank’s appreciation for the opportunity afforded it  by the Lagos State government to contribute its quota to the economic agenda of the government especially in the transport sector.

Adeola who was represented by the Bank’s Executive Director, Lanre Adesanya assured that “As an institution committed to enriching lives, Sterling Bank was willing to partner with the state government in other endeavours”

The Lagos Metropolitan Area Transport Authority (LAMATA) pointed out that the Mile 12–Ikorodu route is a two-in-one project which includes the widening of the 13.5km road from four to six lanes. They added that the BRT lanes will run in the middle with supporting infrastructure.

According to LAMATA, some of the infrastructure  to ensure commuters’ safety and convenience include three bus terminals at Mile 12, Agric and Ikorodu; one state-of-the-art depot at Majidun with the capacity to accommodate over 400 buses, 15 bus shelters and six pedestrian bridges among others.

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