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Home Business News Business

Lagos to construct a metro rail line at Lekki Free Trade Zone

Chike Olisah by Chike Olisah
March 21, 2021
in Business, Business News
Lagos to construct a metro rail line at Lekki Free Trade Zone
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The Lagos State Governor, Babajide Sanwo-Olu, has said that the state government would construct a Green Rail line at the Lekki Free Trade Zone to complement the infrastructural development being initiated on that axis.

The Governor said the rail line which would raise transportation capacity in and out of the corridor is expected to commence upon the completion of the feasibility study of the project.

This was disclosed by Sanwo-Olu, while briefing the press during a working visit to Dangote Refinery and Petrochemical facilities with members of the State Executive Council, on Saturday, March 20, 2021.

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What the Lagos State Governor is saying

Sanwo-Olu said that the state government has done expression of interest already for the metro line and are currently doing other processes required for investment on the rail project.

The Governor said, “In our master plan for the free zones, there is a metro Green Line that will come from Lekki. We have done expression of interest already for the metro line. We are currently doing the feasibility study required for investment on the rail project. We are also looking at the airport project of which we have done the layout. This is also receiving consideration as we speak.

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“What is happening in this corridor is big enough to take three days of our time. The development is about jobs for the youth population and catalyst for the local economy. Local residents and other Nigerians are being engaged in the refinery and petrochemicals projects. The Government in a position to resolve any issue in order to create enabling environment for businesses to thrive.”

He also said the kind of development being implemented in the free zones was one that creates a work-and-live ecosystem.


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Tags: Dangote Refinery and Petrochemical facilitiesLekki Free Trade Zone
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

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