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TRAFFIC AND CAR PARK BUSINESS IN LAGOS

Data from the Lagos State Ministry of Transportation show that at least 1.1 million vehicles were registered in Lagos as at 2013. Statistics elsewhere show that Lagos now plays host to over two million cars out of the about 15 million vehicles in Nigeria. Experts project that about one million vehicles or more ply Lagos roads daily. This huge number of vehicles does not just come with traffic issues but presents a challenge on how to properly park them.
Findings by our correspondent show that 50 percent of Lagos traffic snare could be reduced if proper parking facilities are provided for the vehicles as most times, cars are parked by the roadside thereby causing a significant degree of traffic jam.
But the huge number of vehicles in Lagos is opening up a vista of lucrative business opportunity for the discerning. There are a number of commercial car parks springing up across Lagos in addition to the ones administered by officials of local councils. The fees charged range from N20,000 to N500 depending on where one parks and the time of the day the parking is done.
However, because of the space constraints in the commercial areas of Lagos, some organisations are investing in multilevel car parks.
The Murtala Mohammed Airport, MMA2  Multi-Storey Car Park in Ikeja blazed the trail about eight years ago when it commissioned the first commercial multilevel car park in Lagos.
The car park has been operational since MMA2 started operations on May 7, 2007. The facility offers more than 800 public parking spaces. Located directly opposite MMA2 terminal, it is open for use by the general public upon payment of a parking fee. The rates are, N300 for the first hour and N100 for very additional hour spent. Overnight tariff is N2,600.

PIC. 4. CAR PARK AT MARINA CENTRAL BUSINESS DISTRICT, AS WORKERS RESUME AFTER  EASTER HOLIDAYS IN LAGOS ON TUESDAY (7/4/15). 1823/7/4/15/BOA/BJO/CH/NAN

Operators of MMA2, Bicourtney Aviation Services Limited (BASL), embarked on the project to lessen the burden of passengers and other airport users. Each of the floors of the four-floor 800-capacity car park has a fully automated entry and exit barriers and column gate. The new system comes with automated time-stamped ticket and various electronic applications, such as windscreen chip, access card and drive touch button.
Other providers of multilevel car parks in Lagos include Mega Plaza in Victoria Island and Ikoyi Club 1938. The newly completed Ikoyi Club multilevel car park, however, is non-profit making as it is only accessed by members of the prestigious club.
Mega Plaza multilevel car park on Idowu Martins Street, Victoria Island has four floors and can take about 500 cars at a time. All cars parked in the facility pay N200 each regardless of the number of hours they are parked there.
Though capital intensive, experts say, multilevel car park is highly lucrative especially in commercial centres such as Lagos.
Whether for private or public use, however, the multilevel car park is proving to be the solution to the car park and indeed traffic challenge in Lagos.

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