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Home Breaking News

Lagos signs $1.35 billion deal for Fourth Mainland Bridge, other key projects

Chike Olisah by Chike Olisah
October 31, 2023
in Breaking News, Business, Business News, Spotlight
Lagos orders removal of all unapproved street gates in the state to ease traffic, Sanwo-Olu to stop pension for former governors, deputies, #EndSARS: Judicial Panel of Inquiry and Restitution to include Lekki toll gate incident – Sanwo-Olu, Lagos approves resumption of all classes in public, private schools, Lagos takes major step towards delivery of Fourth Mainland Bridge, Lagos to construct rail line to airport terminal for international passengers, COVID-19: Lagos State to begin curfew on Sunday to disinfect metropolis, Lagos state government discharges 7 more coronavirus patients, Lagos state will reverse to full lockdown, Sanwo-Olu to virtually inaugurate projects as he presents scorecard of first year in office, Lekki regional road: Sanwo-Olu revokes land titles of Elegushi Royal family, Lagos pays N1.3 billion into the RSA of 246 retirees, Lagos State to empower 2.5 million youths in Arts and Crafts, Governor Sanwo-Olu appoints new Commissioner for Physical Planning and Urban Development

Governor Babajide Sanwo-Olu

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The Lagos State Government has signed a partnership with the African Export-Import Bank (Afreximbank) and Access Bank for an investment of $1.352 billion investment in long-term infrastructure projects in the state.

The Lagos State Governor, Babajide Sanwo-Olu, who signed on behalf of the state government, in a post on his official X (formerly Twitter) account, said the deal was signed at the Africaribbean Trade and Investment Forum 2023 in Guyana.

The governor mentioned some key projects including Fourth Mainland Bridge, Omu Creek Project, and the 2nd Phase of the LRMT Blue Line from Mile 2 to Okokomaiko, noting that his administration is committed to creating a better future for the state.

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Fourth Mainland Bridge, Lagos Blue Rail Line, others, among key projects

The governor said that the vision for Lagos is becoming a reality with the Lekki-Epe International Airport and the Lagos Food Systems and Logistics Hub in Epe.

  • Sanwo-Olu posted, ‘’It was a significant moment in Guyana at the Africaribbean Trade and Investment Forum 2023 as we’ve secured a partnership with the African Export-Import Bank and Access Bank for a massive investment of $1.352 billion in Lagos.
  • ‘’This investment will power our long-term infrastructure projects, demonstrating confidence from international and local partners in our growing economy.
  • ‘’As we move forward, this investment will help us realize key projects, including the Fourth Mainland Bridge, Omu Creek Project, and the 2nd Phase of the LRMT Blue Line from Mile 2 to Okokomaiko. We’re committed to creating a better future for Lagos and its people.
  • ‘’Our vision for Lagos is becoming a reality with the Lekki-Epe International Airport and the Lagos Food Systems and Logistics Hub in Epe. These projects will further boost our economy and serve generations to come.
  • ‘’The future of Lagos is brighter than ever.’’

 


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Tags: Access BankAfreximBankFourth Mainland Bridge LagosGovernor Babajide Sanwo-olu
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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Comments 1

  1. NsimAgnes says:
    October 31, 2023 at 11:20 pm

    This is a bold initiative. we lok forward to implementation with accountability, integrity and transparency. The LASG should share project milestones.

    Reply

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