The terminal is located just behind the rail line of the Nigeria Railway Corporation and about 1km from the Murtala Muhammed International Airport.
It is expected to offer services to 22 routes and transport a projected 70,000 people daily.
The bus terminal, an initiative of the Governor Akinwunmi Ambode administration in Lagos State, is one of 13 such terminals being constructed across the state.
The Alapere terminal is scheduled for commissioning on Tuesday (today). The one at Tafawa Balewa Square is also competed.
Buhari, after the commissioning, will chair the 10th Colloquium to commemorate the 66th birthday of the All Progressives Congress (APC) national leader, Bola Tinubu.
Secretary to the Lagos state government, Tunji Bello, said this year’s event themed “Investing in People” will bring together stakeholders including policy makers, academics and members of the civil society groups.