Lagos State Governor, Mr Babajide Sanwo-Olu, has secured a partnership with the African Export-Import Bank and Access Bank for an investment of $1.352 billion to develop Lagos’s infrastructure.
The governor and representatives from the two banks signed the partnership deal on Tuesday during the second Africaribbean Trade and Investment Forum 2023 held in Georgetown, Guyana.
“This investment will power our long-term infrastructure projects, demonstrating confidence from international and local partners in our growing economy,” Sanwo-Olu said on his verified X (formerly Twitter) handle on Tuesday.
According to the Governor, this investment will enable the realization of crucial projects, including the Fourth Mainland Bridge, the Omu Creek Project, and the second phase of the LRMT Blue Line from Mile 2 to Okokomaiko.
Sanwo-Olu mentioned that there are plans to further develop the transportation infrastructure in Lagos.
“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,” he said.
However, amidst the optimism surrounding these infrastructure promises, some Lagosians remain skeptical due to past experiences. For about two decades, successive Lagos State governors have made pledges concerning the construction of the Fourth Mainland Bridge but failed to initiate the project.