Lagos gets Afrexim, Access’ $1.35bn for 4th Mainland Bridge, Blue Rail

Governor Babajide Sanwo-Olu of Lagos has signed a mega deal valued $1.352 billion for long-term infrastructure projects with the African Export-Import Bank and Access Bank.

The governor disclosed that the deal was signed at the Africaribbean Trade and Investment Forum 2023 in Guyana.

Sanwo-Olu listed some projects to be funded with the funds to include Fourth Mainland Bridge, Omu Creek Project and 2nd Phase of the LRMT Blue Line from Mile 2 to Okokomaiko.

Zenith Bank rakes in N505bn profit in 9 months, assets hit N18.2trn

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.

“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 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.”

The Star