The Federal Government has proposed to allocate N102.3 billion as counterpart funding for the Lagos Green Line rail project in the 2026 budget.
NairametricsThis is according to data from the 2026 Appropriation Bill under the Ministry of Transportation.
NairametricsThe Green Line is a 68-kilometre rail network running from the Lekki Free Zone to Marina.
NairametricsIt will connect major parts of Lagos, including Victoria Island (VI), Lekki, and Ajah.
NairametricsThe project was allocated N146.14 billion as counterpart funding in the 2025 budget proposal as well.
NairametricsDetails in the 2026 Appropriation Bill show that the N102.3 billion allocation is earmarked for Phase One of the Lagos Green Line Metro Rail project.
NairametricsThe funds are to be transferred to the Ministry of Finance Incorporated (MOFI), which manages Federal Government equity participation, counterpart funding, and structured financing for major infrastructure projects.
NairametricsThis funding structure suggests continued reliance on structured financing arrangements, likely involving the Lagos State Government and other financiers.
NairametricsIn addition, the Federal Government plans to spend N68.5 billion under project code ERGP13247529 on consultancy services for the Lekki–Ijebu Ode–Ore–Kajola railway and the coastal railway corridor linking Badagry, Apapa, and Tin Can.
NairametricsThe 2026 budget proposal also provides N29.04 billion under project code ERGP13177707 for ongoing and planned railway modernisation projects.
NairametricsThe allocation covers the completion of the Abuja–Kaduna railway, additional works on the Lagos–Ibadan rail line, and the rehabilitation of the Itakpe–Ajaokuta rail corridor.
It also includes the construction of 12 station buildings and track-laying works at ancillary rail facilities in Agbor.
NairametricsThe Lagos Green Line rail is a proposed $3 billion, 70-kilometre network stretching from Marina to the Lekki Free Trade Zone, with 17 stations along a mix of elevated and at-grade tracks.
NairametricsConstruction was initially scheduled to begin in December 2025 after extensive feasibility studies and stakeholder consultations along the Lekki-Epe corridor.
As of January 11, 2026, work has not yet started, though plans are underway.
NairametricsThe Federal Government’s counterpart funding for the project was N146.14 billion in the 2025 budget and is N102.3 billion in the 2026 budget, showing continued federal commitment while plans for implementation are finalised.
Image Credit: Nairametrics
Source:Nairametrics
