News

TRAFFIC RELIEF IN AGEGE, AS SANWO-OLU COMMISSIONS PEN CINEMA FLYOVER

…Tinubu: ‘I’m Proud, Sanwo-Olu Has Shown Excellent Results’

…Five Arterial Roads Network Completed In Agege, Also Commissioned

The long-sought relief from choking vehicular gridlocks has finally come the way of residents in the Agege-Abule Egba axis of Lagos State. Governor Babajide Sanwo-Olu, on Friday, commissioned the Pen Cinema Bridge and five arterial road networks in the area, formally opening the infrastructure for public use.

The commissioning marked fulfilment of another campaign promise made by Sanwo-Olu to residents, who daily endured pain in commuting within the axis in the last four years.

All Progressives Congress (APC) National Leader, Asiwaju Bola Ahmed Tinubu, had the honour to inaugurate the projects, which he described as “needed catalyst” for the resuscitation of economic activities on the axis.

The construction of the 1.4-kilometre long flyover was part of the recommendation at the Lagos Economic Summit (Ehingbeti) under ex-Governor Babatunde Fashola’s administration, as a strategic intervention to achieving significant traffic improvement in the densely populated area. The last administration created the right-of-way and set up the structural beams; Governor Sanwo-Olu substantially completed civil works on the bridge.

The imposing overpass ascends from Oba Ogunji Road and drops at Oke Koto area of Agege. The bridge also opens to the old Lagos-Abeokuta Expressway through Abule Egba.

Tumultuous crowd of joyous residents joined Gov. Sanwo-Olu and members of the State’s cabinet in handing over the bridge for public use.

The Governor described the delivery of the project as a “landmark progress” in the State Government’s drive towards eliminating bottlenecks causing suffocating gridlocks and relieving residents of stress associated with commuting on roads.

Sanwo-Olu said the two-pronged approach, which his administration deployed to deliver critical infrastructure, gave priority to continuation and completion of strategic projects, regular maintenance and construction of new ones in line with the State’s Strategic Transport Master Plan (STMP).

He said his Government decided to continue the project, because it was in tune with the first pillar of his administration’s T.H.E.M.E.S Agenda, which targets the provision of roads for expedited economic growth and seamless mobility.

He said: “I am delighted to stand before Lagosians today to celebrate the delivery of this landmark project, which again, reflects our administration’s belief in the principle of continuity in governance and demonstrates our commitment to the urgency of infrastructure development and the welfare of our people. The completion of this flyover and five network of roads sends a strong message about our determination to accelerate our futuristic vision for a world class transportation system complemented by a good network of roads for social and economic transformation.

“In order to address the challenge of huge traffic burden, the immediate past administration initiated and commenced the construction of a precast and pre-stressed reinforced concrete of 1.4km dual-carriage flyover and ramp, with road works across the Agege-Pen Cinema Intersection. As of May 2019 when this administration was inaugurated, this project was at about 20 per cent progress. With the delivery of this bridge, which is complemented with traffic signalisation and drainage channels, we have resolved the perennial traffic arising from huge human and vehicular movement from Agege-Pen Cinema Intersection towards Abule Egba, Fagba, Oke Koto and Iyana Ipaja.”

To achieve a quick turnaround in commuting on the bridge, Sanwo-Olu disclosed that his Government identified and reconstructed five strategic arterial roads with good connectivity to adjoining roads that could serve as alternative bypasses to other routes in periods of heavy traffic.

The Governor said since road transportation remained crucial to economic growth and physical development, he believed the project would inject more life into socio-economic activities of people living and doing business in the area.

He said: “A key outcome from the strategic execution of this magnificent Pen Cinema Flyover project is that our administration has again demonstrated the priority it accords to the wellbeing of our people. It is a true test of our commitment to the Greater Lagos vision and a reflection of the achievability of our audacious socio-economic goals. In the course of implementing this project, we created jobs for about 380 people including engineers, supervisors, artisans and others- a clear indicator of the nexus between infrastructure development and employment generation.”

Sanwo-Olu pledged that his administration would not relent in provision of infrastructure for coordinated and sustainable development that would help to improve the State’s performance on the Ease of Doing Business index.

Tinubu expressed confidence in Sanwo-Olu’s leadership, noting that the Governor had stabilised and brought Lagos back on a focused journey, despite economic turbulence occasioned by Coronavirus (COVID-19) and coordinated destruction of the State’s assets.

The APC National Leader, who described Sanwo-Olu as “a brilliant captain”, praised the collaboration between the executive and the legislative arms in the State.

He said: “This is a commendable achievement by Sanwo-Olu, who has further brought Lagos on the path of progress, given the economic resuscitation this infrastructure will bring on this axis and entire Lagos. May you continue to think and perform to demonstrate excellent results as you have done today.”

Special Adviser to the Governor on Works and Infrastructure, Engr. Aramide Adeyoye, said the axis on which the flyover is sited is one of the busiest in vehicular activities in Lagos, saying the bridge would bring back convenience to millions of residents commuting in the area.

She said: “The entire project consists of a dual carriageway, with a bridge component of two lanes with 3.65 cm width in either direction. The road component consists of service lanes on either side of the bridge with median, kerbs and walkways that are complete with signalised traffic system. There are junction improvements with LED streetlight features.”

Speaker, Lagos House of Assembly, Rt. Hon. Mudashiru Obasa, who represents Agege in the Assembly, described Governor Sanwo-Olu as “a proactive, wonderful performer”, who always accomplishes any projects he promises.

The adjoining roads commissioned with the flyover are Iju Road, Oba Ogunji Road, Agunbiade Road, Oke Koto Intersection and Iyana Ipaja link road.

CAPTION:

PIX 1: Newly built Agege Pen Cinema Dual Carriage Flyover with adjoining roads, commissioned on Friday, March 5, 2021. INSET (L-R): National Leader, APC, Asiwaju Bola Tinubu, Lagos State Governor, Mr. Babajide Sanwo-Olu and his Special Adviser on Works and Infrastructure, Mrs. Aramide Adeyoye during the commissioning of the Flyover.

PIX 2: Newly built Agege Pen Cinema Dual Carriage Flyover with adjoining roads, commissioned on Friday, March 5, 2021. INSET (L-R): Speaker, Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa; National Leader, APC, Asiwaju Bola Tinubu; Governor Babajide Sanwo-Olu; Deputy Governor, Dr. Obafemi Hamzat and Special Adviser to the Governor on Works and Infrastructure, Mrs. Aramide Adeyoye, during the commissioning of the Flyover.

PIX 3-8 L-R: Aerial view of the Agege Pen Cinema Dual Carriage Flyover, inaugurated by Governor Babajide Sanwo-Olu on Friday, March 5, 2021.

PIX 9: Night view of the newly built Agege Pen Cinema Dual Carriage Flyover, commissioned by Governor Babajide Sanwo-Olu on Friday, March 5, 2021.

PIX 10 L-R: Speaker, Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa; National Leader, APC, Asiwaju Bola Tinubu; Governor Babajide Sanwo-Olu; Deputy Governor, Dr. Obafemi Hamzat and Special Adviser to the Governor on Works and Infrastructure, Mrs. Aramide Adeyoye during the commissioning of Agege Pen Cinema Dual Carriage Flyover with adjoining roads, on Friday, March 5, 2021.

Leave a Comment

Your email address will not be published.

You may also like

Announcements Business Culture Economy
post-image

 

Lagos State Governor, Babajide Sanwo-Olu, has unveiled a groundbreaking financial initiative aimed at empowering grassroots entrepreneurs and boosting the state’s economy. The program, known as the Lagos State Access to Finance for SMEs Through Cooperatives (LASMECO), was officially launched following a landmark agreement with the Bank of Industry (BOI) and Sterling Bank.

The N10 billion public-private fund will provide Micro, Small, and Medium Enterprises (MSMEs) with non-collateralized loans of up to ₦10 million at a competitive 9% annual interest rate. Beneficiaries will also enjoy a six-month moratorium period. The loans will be disbursed through verified cooperative societies, a move Governor Sanwo-Olu described as a strategic model to ensure both accountability and community impact.

Speaking at the launch, the governor said, “Today marks a significant step forward in our journey to build a more inclusive and resilient economy in Lagos State. This isn’t just about funding — it’s about removing systemic barriers…

Read More
Business Economy

NITDA, Google Hold Strategic Workshop to Accelerate Nigeria’s Digital Transformation Agenda

post-image

In a landmark move to fast-track Nigeria’s digital economy and position the country as a global tech powerhouse, the National Information Technology Development Agency (NITDA) and technology giant Google have commenced a high-level two-day collaborative workshop. The event, which kicked off this week in Abuja, marks a pivotal step in actualizing a broader strategic partnership between the Federal Government and Google, following a significant meeting between President Bola Ahmed Tinubu and Google CEO Sundar Pichai in Paris on February 10, 2025.

The workshop aims to validate critical findings and refine a draft framework built around five transformative pillars that will guide the collaboration between NITDA and Google. These pillars include:

  1. Scalable Digital Infrastructure – Expanding and strengthening Nigeria’s tech backbone to enable widespread internet access and digital connectivity across urban and rural areas.

  2. Read More
Business Culture Economy Entertainment Events Software Tourism Travels Trends

Tayo Folorunsho Calls for Investment and Structural Reforms to Propel Abuja’s Entertainment Industry to Greater Heights

post-image

Tayo Folorunsho, a leading Nigerian entertainment expert and Founder of Edutainment First International Ltd/GTE, has raised concerns about the challenges of running an entertainment business in Abuja. Despite the difficulties, he remains committed to overcoming these obstacles, urging for significant investments and coordinated reforms to unlock the full potential of Abuja’s entertainment industry.

Abuja, Nigeria’s capital city, is renowned for its political significance, booming real estate sector, and vibrant economy. However, Folorunsho, who has successfully run entertainment ventures in Lagos, notes that Abuja’s entertainment market is still in its infancy. Unlike Lagos, where the entertainment scene operates year-round, Abuja’s calendar is more limited, with events mostly concentrated around festive periods. This seasonal nature, coupled with inconsistent support from agencies and organizations, poses a challenge for entertainers and event managers seeking to build long-term businesses in the city.

In…

Read More
Business Economy Finance Fintech

CBN Governor Cardoso Highlights Nigeria’s Economic Progress, Reform Commitment at IMF/World Bank Spring Meetings

post-image

By Anthony Emeka Nwosu


At the close of the 2025 International Monetary Fund (IMF) and World Bank Spring Meetings in Washington D.C., Central Bank of Nigeria (CBN) Governor Olayemi Cardoso delivered an optimistic and reform-driven message at a media briefing with Nigerian journalists, reaffirming Nigeria’s commitment to macroeconomic stability and inclusive growth.

Addressing the press, Governor Cardoso described the week as one of “highly productive engagements” with global financial leaders, international investors, and members of the Nigerian diaspora. According to him, the CBN delegation leveraged the global forum to spotlight Nigeria’s ongoing economic reforms and to explore strategies to deepen stability, enhance the financial sector, and stimulate broad-based growth.

“Thanks to the steps taken over the past 18 months, we have strengthened our monetary buffers and positioned Nigeria to better…

Read More
Business Culture Economy

Nnewi-Born Industrialist, Dr. Stella Okoli, Set To Commission ₦35 Billion Pharmaceutical Factory in Ogun State

post-image

 

 

By Ada Lilian Sunday

From the industrious heartland of Nnewi in Anambra State, a town renowned for producing some of Nigeria’s most formidable entrepreneurs, comes yet another monumental achievement that reinforces the legacy of enterprise that defines the region. Dr. Stella Chinyelu Okoli, founder and Group Managing Director of Emzor Pharmaceutical Industries Ltd., is set to unveil a ₦35 billion Active Pharmaceutical Ingredients (API) manufacturing facility in Sagamu, Ogun State — a project that not only highlights her entrepreneurial foresight but also signals a bold step towards Nigeria’s pharmaceutical self-reliance.

Dr. Okoli’s journey is one deeply rooted in the enterprising spirit of Nnewi, often referred to as the “Japan of Africa” for its robust manufacturing culture. As a daughter of the soil, she has not only upheld but also elevated the town’s proud tradition of innovation and industrial excellence. With over four decades of business leadership, she has transformed Emzor from…

Read More
Business Economy Technology Technology Trends Telecoms

Oluremi Tinubu Commissions Cutting-Edge IT Centre in Honour of Onikepo Akande, Announces Rollout of 10 Additional Centres Nationwide to Drive Tech Inclusion and Economic Growth

post-image

In a historic and forward-looking event, Her Excellency, Senator Oluremi Tinubu, the First Lady of the Federal Republic of Nigeria, officially commissioned a modern Information Technology (IT) Centre named in honour of a distinguished Nigerian icon, Mrs. Onikepo Akande. The facility, situated in a strategic location within the state, is designed to serve as a springboard for digital empowerment, particularly targeting women and young people—two demographic groups that have long been underserved in Nigeria’s rapidly advancing tech ecosystem.

The well-attended ceremony brought together prominent government officials, traditional leaders, members of the diplomatic corps, tech stakeholders, youth groups, and women-led organisations who all gathered to witness the unveiling of what is expected to become a landmark centre for skills acquisition and digital transformation.

In her keynote address, the First Lady underscored the importance of digital literacy and innovation in the…

Read More
Announcements Business Economy

ProvidusBank Launches N50 Billion Commercial Paper Program for Investor Subscription: A Crucial Move for Nigeria’s Economy

post-image

ProvidusBank, one of Nigeria’s leading financial institutions, has announced the launch of a N50 billion commercial paper program, offering investors the opportunity to subscribe to short-term debt securities issued by the bank. The program, which will be available for investor subscriptions, is aimed at raising funds to support the bank’s growth and operations while contributing to the broader stability and growth of Nigeria’s economy.

Key Features of the Commercial Paper Program

The N50 billion commercial paper program is designed to raise funds for general corporate purposes, including working capital needs and the funding of key projects. The program will provide investors with a secure investment avenue while ensuring that ProvidusBank maintains the financial strength necessary to drive its operations and support Nigeria’s economic development.

The commercial paper is being offered with attractive interest rates and…

Read More
Business Culture Economy

FG, WORLD BANK UNITE TO DIGITALLY EMPOWER YOUNG NIGERIANS AND DRIVE JOB CREATION

post-image

On the sidelines of the World Bank/IMF Spring Meetings and following the institution’s Development Committee session, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, reaffirmed Nigeria’s collaboration with the World Bank to advance a shared agenda focused squarely on creating high-quality jobs for young Nigerians.

“Employment generation must be a central pillar of development,” Mr. Edun told journalists, highlighting that Finance Ministers—who serve as the Bank’s Governors—have collectively made this their top priority. “This aligns seamlessly with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which places job creation at the core of our economic revitalization efforts.”

Mr. Edun underscored the pivotal role of multilateral financial institutions in shaping these global development priorities. “We are scaling up efforts with the World Bank to create sustainable jobs and stimulate inclusive growth,” he said, adding that…

Read More