High ferry fares are limiting the adoption of water transport in Lagos, despite its potential to reduce traffic congestion. Experts warn that without fare subsidies, the new €410 million Omi Eko Project may struggle to attract daily commuters.
Currently, a one-way trip from Ikorodu to Victoria Island or Lekki costs ₦3,000–₦3,500, while the state-run LagFerry offers cheaper ₦1,500 rides but with limited service.
Transport expert Hannah Kates said most public transport systems are subsidized and urged the Lagos government to make ferries affordable enough to compete with buses. Researcher Tonami Playman added that high prices exclude most workers and called for fare integration with other transport options.
The Omi Eko Project—funded by the EU, AFD, and EIB will add new routes, terminals, and electric ferries to serve up to 25 million passengers annually. But experts say success depends on affordability, frequency, and reliability, not just infrastructure.
