Reporting by The Punch indicates that the Lagos State Government has approved a ₦7 billion developmental plan for the Oworonshoki waterfront. The project includes a modern ferry jetty designed to decongest road traffic and several low-to-medium income housing schemes. This move is part of Governor Sanwo-Olu’s ‘THEMES+’ agenda to transform the state’s aquatic corridors into economic hubs.
The Oworonshoki project is expected to create over 2,000 jobs during the construction phase and provide a safer, faster transport alternative for residents commuting to the Island. Officials emphasized that environmental impact assessments have been concluded to ensure that the dredging and construction do not displace local fishing communities or disrupt the ecosystem.
Supporting reports from Channels TV and The Nation confirm the project’s launch. Channels TV reported that ‘the jetty will be integrated into the existing Cowry Card payment system,’ while The Nation noted, ‘Property values in Oworonshoki are already skyrocketing in anticipation of the groundbreaking.’
Echotitbits take: Oworonshoki has long been a ‘transit point’ rather than a destination. By investing ₦7 billion, the government is essentially trying to ‘Lekki-ize’ the area. The key challenge will be ensuring that ‘low-income housing’ actually reaches the poor and isn’t snatched up by real estate speculators.
Source: The Punch – https://www.premiumtimesng.com/news/top-news/845004-lagos-govt-gives-oworonshoki-landlords-two-months-to-regularise-building-approvals.html January 5, 2026
Photo Credit: The Punch
