passenger ferries gradually intensified until the 1970s which led to the establishment of Lagferry in 1983. The former Lagos State Ferry Services Corporation as at jakande’s administration was wound-down as an agency of the Government due to lack of evidence of its legal incorporation. The entity was responsible for both the regulatory and operational aspects of water transportation. The next step was then to create a new regulatory Agency for the management of the water ways with a mandate that includes the business of water transportation.