The Lagos State Government (LASG) in 2008 enacted the Lagos State Waterways Authority Act, which established the Lagos Waterways Authority (LASWA). LASWA is charged with the responsibility for coordinating and managing the reforms necessary for the long-term growth and development of water transportation in Lagos State, including the granting of ferry licenses and concessions for the operation of terminals to the private sector.

These reforms entail the creation of an enabling long-term regulatory environment that attracts significant private sector involvement in the provision of water transport services.