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Ropeways to Deliver $275m Lagos Cable Car Project in 2017

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Work has finally started on the Lagos Cable Car project, the ambitious $275 million initiative to ease transportation difficulties in the state.
 
Dayo Mobereola, Lagos Commissioner for transportation in an interview with the Guardian said that upon completion, cable car project will have eight stations in three routes, in order to handle the estimated 240,000 trips daily.

The project is expected to be completed by 2017 and according to the owners, when completed the cable car route will start from Ijora to Apapa and Victoria Island.

The cable car project will use Adeniji Adele as its central hub.

Mobereola, said that “It is privately driven and the private sector need to get all the permits, on the side of Lagos, we have given them all the necessary permit, they are talking to the federal government to get some level of guarantees and we have assisted them to write to the federal government. They have taken the advantage by starting to build from the Iddo side of Lagos.”

The Lagos Cable car project is tied to the idea of the state’s Mass Rapid Transit (MRT).

According to Lagos Metropolitan Area Transport Authority, (LAMATA), MRT can only directly serve part of the metropolitan area and in the short/medium term the MRT network will be relatively undeveloped. Hence, the development of MRT will need to be supported by complementary quality public transport networks, integrated with MRT.

The Lagos Cable Car Project is designed to deliver such a system.

Ropeways Transport Limited, is the company behind the project.

Ropeways Transport Limited is a Special Purpose Vehicle that seeks to deploy a Mass Urban `Cable Propelled Transit system in the Lagos Metropolitan Area Called the “Lagos Sky Bus”.

According to Ropeways, the Project will serve as an affordable and reliable transportation alternative to the more than 12 million daily commuters in Lagos who are currently compelled to utilise articulated buses, motorcycles, ferries and private vehicles on severely congested roads within the Lagos Metropolis.

 It is also expected to provide significant returns to investors and potentially reduce the carbon footprint in Central Lagos by up to 30%.


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Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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General News

Accion MfB Partners DBN to Promote Women-inclusive Financial Services

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Accion Microfinance Bank has partnered with the Development Bank of Nigeria (DBN) to promote accessible and innovative financial solutions, with a special focus on empowering women entrepreneurs.

This initiative was announced during the bank’s first Customer Forum for the year 2025, which held virtually under the theme, “Unlocking Opportunities for Growth,” garnered the participation of Accion MfB’s Managing Director and CEO, Taiwo Joda; DBN’s Chief Operating Officer, Bonaventure Okhaimo; Accion MfB’s Chief Commercial Officer, Stephen Olalere; and Chief Digital Officer, Paul Ehiagbonare.

Joda announced a new loan initiative developed in partnership with DBN, exclusively designed for women entrepreneurs. This new product, Joda said, reinforces the bank’s commitment to gender-focused financial inclusion.

Joda said, “This initiative marks a significant milestone in our loan offerings, ensuring that women have the financial resources needed to grow their businesses and thrive. With these enhancements, we are providing customers with a more efficient and secure digital banking experience.”

On his part, Okhaimo, while speaking at the forum emphasized the importance of leveraging financial technology to drive business scalability. “We must find ways to harness these platforms to support MSMEs, enabling them to grow sustainably while contributing to the broader economy.”

Meanwhile, Acting Head of Marketing Communications at Accion MfB, Anita Oguni, expressed the bank’s commitment to supporting businesses, entrepreneurs, and individuals through tailored financial solutions.


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OnePipe Launches PaywithAccount: Revolutionizing Payment Collections in Nigeria

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For many Nigerian small business owners, cash flow isn’t just a challenge—it’s a constant battle. Whether it’s schools struggling with delayed tuition payments, logistics firms dealing with inconsistent driver remittances, or cooperatives managing member contributions, the process of collecting payments remains inefficient, unpredictable, and time-consuming.

A study by PwC revealed that 48% of Nigerian Micro, Small, and Medium Enterprises (MSMEs) have experienced delayed payments due to different reasons, with 33% of affected businesses reporting severe consequences.

Traditional systems often involve manual invoicing, repeated follow-ups, and high transaction fees, leaving business owners with less time to focus on growing their operations.

In response to this challenge, OnePipe has launched PaywithAccount, a direct-from-account payment solution that helps businesses automate and simplify collections, reducing delays and improving cash flow predictability. With PaywithAccount, businesses can collect payments directly from customer bank accounts—securely and automatically—without the need for cards, manual reminders, or complex reconciliations.

For entrepreneurs across Nigeria, the ability to receive payments on time means the difference between survival and growth. “As a school owner, I want to focus on my students, not spend hours tracking unpaid fees,” said Mrs. Olumide Ashade, Founder of King’s Court School in Lagos.

“Many of our parents pay in installments, but managing these payments manually has been stressful.

“A solution like PaywithAccount means we can offer flexibility to parents while keeping our finances in order.”

“Reliable repayment is the backbone of growth for lenders. At Lendsqr, we understand that payment delays are a significant problem for lenders”, said Adedeji Olowe, Founder, Lendsqr.

“We have helped many of our lenders transition from debit cards to PaywithAccount which reliably ensures loan repayments are on schedule.”

“At NIBSS, our core vision is to empower the financial ecosystem to innovate within the framework of interoperability, ease of connectivity, collaboration, and cost-optimization,” said Ngover Ihyembe-Nwankwo, Executive Director of Nigeria Inter-Bank Settlement Systems PLC (NIBSS).

“PaywithAccount is another heartening example of what happens when industry players leverage these guardrails to enhance the overall quality of our nation’s digital payment system.”

For Ope Adeoye, CEO of OnePipe, this is a commitment to empowering Nigerian businesses. “Small businesses are the backbone of our economy, but too many struggle simply because getting paid is a challenge,” said Adeoye.

“We believe financial technology should remove obstacles, not create them.

“PaywithAccount helps businesses worry less about collections so they can focus on what truly matters—growth, innovation, and serving their customers.”

With PaywithAccount, small businesses across Nigeria can now eliminate the stress of late payments, automate their collections, and take full control of their financial future.

For more information about PaywithAccount, visit www.onepipe.io or call 02013438444.


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OpenAI’s Weekly Active Users Surpass 400 million

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ChatGPT developer OpenAI’s weekly active users surged past 400 million in February, a company spokesperson told Reuters on Thursday, highlighting rapid growth in the adoption of artificial intelligence tools.

The Microsoft-backed startup had 300 million weekly active users in December. Its paying business users also crossed 2 million in February, more than doubling from its last update in September.

The upbeat numbers come weeks after China’s DeepSeek launched an AI model it said could match or even outperform Western rivals at a fraction of the cost, stirring doubts about U.S. dominance in the generative AI space.

But a surge in demand for DeepSeek since then has caused outages at the small startup.

There have also been questions around how DeepSeek was able to obtain Nvidia’s H800 chips, used to train AI models, even though Washington had banned their exports to China.

OpenAI reported a twofold increase in developer traffic for its reasoning models over the last six months and a fivefold surge for its o3 model since its launch in late January.

 


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