Over the past few decades, Africa has led the globe in urban development projects and economic growth. In fact, the way things are going now, Africa will be home to a quarter of the world’s entire urban population within the next 40 years.

 

A recent example of Africa’s urban development trends is Lagos’ announcement to construct a $2 billion modern metro system. Managing Director of Nigeria’s Infrastructure Bank, Adekunle Oyinloye, recently said, “we are hoping and believing that within the next six to eight months, we will be able to get to finance close and we will start.”

 

Adekunle Oyinloye, Managing Director of Nigeria’s Infrastructure Bank

Oyinloye is hopeful that Lagos will have the necessary finances for their metro system within the next few months. (web24studio.com)

Difficulties in transferring funds from federal to state control have created delays, but Oyinloye said, “Immediately the concession is done and we have a bankable document.”

 

If Africa hopes to capitalize on their recent spikes in economic and urban growth, projects like this will be necessary to secure success. Right now, “over 1.8 million people currently travel up to four hours to work in Lagos, but the metro line could cut the return journey down to just over an hour.”

 

In addition to making the commute easier for many people who live around Lagos, the project will boost the economy by creating jobs in the development, construction, and maintenance of the metro system.

 

What importance do you think a modern metro system has to the wellbeing of a city? Share your ideas below in the comments section or on Twitter @ryanlawlessness.