Lagos State signs $1.35B deal with Access Bank, African EXIM Bank on long term infrastructure projects

Sanwoolu

Lagos State Governor Babajide Sanwo-Olu has signed partnership with the African Export-Import Bank and Access Bank for long-term infrastructure projects.

The deals were signed at the Africaribbean Trade and Investment Forum 2023 in Guyana.

The governor listed some of the key projects to be serviced by the agreements, to include Fourth Mainland Bridge, Omu Creek Project and 2nd Phase of the LRMT Blue Line from Mile 2 to Okokomaiko. He said his administration was committed to creating a better future for the state.

Sanwo-Olu, in a post shared via his handle, @jidesanwoolu, on X (formerly Twitter), said: “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.

President and Chairman of the Board of Directors, African Export-Import Bank (Afreximbank), Prof. Benedict Oramah; Lagos State Governor, Mr. Babajide Sanwo-Olu and Chairman Access Holdings, Mr. Herbert Wigwe during the signing of partnerships by Lagos State Government, Afreximbank and Access Bank for infrastructure investment in Lagos, at the 2nd Africaribbean Trade and Investment Forum in Georgetown, Guyana.

 

“This investment will power our long-term infrastructure projects, demonstrating confidence from international and local partners in our growing economy.

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“As we move forward, this investment will help us realise key projects, including Fourth Mainland Bridge, Omu Creek Project and 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.”