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    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Innovation»Eko Innovation Centre Commits USD 5 Million to Social Innovators with Ideas for Fixing Lagos Traffic
    EKO INNOVATION CENTER PLEDGES USD5 MILLION TO INNOVATORS WITH IDEAS TO SOLVING LAGOS TRAFFIC

    Eko Innovation Centre Commits USD 5 Million to Social Innovators with Ideas for Fixing Lagos Traffic

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    By Oluwasegun Olukotun on September 21, 2019 Innovation, Transportation

    Are you rich in ideas and do you have innovative solutions to the pervasive Lagos traffic? If your answer is yes, then Lagos wants to collaborate with you.

    $5 million is up for grabs to innovate ideas that tackle traffic problems in Lagos in the Social Innovation Challenge.

    #ekotraffic is a Social innovation Challenge targeting social idealists, problem solvers, and curious developers in the creative community to proffer an inspiring solution to the pervasive Lagos traffic.

    A press release by the Eko Innovation Centre reads:In independent research carried out recently, 55% of Lagosians waste about 5-6 hours daily in traffic, 23% waste 1-2 hours daily, 20% waste 30 – 40 minutes daily and only 2% claimed they don’t experience any serious traffic due to close proximity to workplaces.
    Another survey reveals that if traffic time is reduced by 20 percent, it would save Lagos State at least $1 billion (about N150 billion) yearly.

    Billions of Naira is lost to businesses and families daily due to the excruciating traffic lock, yet Lagos population is projected to grow to 36 million by 2020, which means dead-end traffic is ahead except something is done. The grave effect also extends to the cost to human health, wear and tear of motor parts and other emotional effects.

    We at Eko Innovation Centre just don’t want this conversation to go unaddressed and are taking a bold step to call on innovators, social idealist, and thinkers to propose ideas that will solve Lagos traffic problem.

    To execute this, we are committing $5million to this project because we strongly believe that #EkoMustMove. We see a progressive and prosperous Lagos where the public and private sectors collaborate to build a greater Lagos. So if you are a social innovator and have a brilliant idea that can solve #Ekotraffic, follow this link

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    Oluwasegun Olukotun

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