Eko Innovation Centre has launched a $5 million social innovation challenge tagged EkoTraffic to find and unearth innovative solutions to the notorious Lagos traffic.
EkoTraffic is targeted at social idealists, problem solvers, and curious developers in the creative community to proffer an inspiring solution to the pervasive Lagos traffic.
According to Eko Innovation Centre: An independent research carried out recently found that 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 per cent, it would save Lagos State at least $1 billion (about N150 billion) yearly.
— Eko Innovation Centre (@EkoInnovation) September 20, 2019
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.
The Eko Innovation Centre, which was recently launched by Babajide Sanwoolu, the executive governor of Lagos State is a private sector-driven tech hub which is aimed at strategically increasing entrepreneurial and technological capacity across the state.
So if you are a social innovator and have a brilliant idea that can solve #Ekotraffic, follow this link