Business

Sanwo-Olu gets FG’s approval to construct Lekki Airport

The Federal Government has presented an official Letter of Approval for the construction of the proposed Lekki-Epe International Airport to Governor Babajide Sanwo-Olu of Lagos State.

Minister of Aviation, Hadi Sirika, on behalf of the Federal Government, presented the letter to the governor on Tuesday at the 9th Ehingbeti Lagos Economic Summit.

The Lekki Airport, to be constructed around the Lekki Free Zone (LFZ), is expected to assist manufacturers and other business owners within the zone to transport their products abroad.

The minister said that the Murtala Muhammed Airport was currently congested.

According to him, Lagos has the resources and exigencies for an additional airport which will help to decongest the Murtala Muhammad Airport.

The minister said that it was a huge step in the right direction for Sanwo-Olu to plan to construct another airport in the state.

“Lagos with its GDP, housing and Stock Exchange, 200 financial institutions, 25 million people on 5,377 square kilometres of land mass, including the Eko Atlantic, all the industries, the tradition, the history, the tourist attraction, the Eyo Festival, and so on so forth, needs to be connected to the world.

“For Lagos to continue to be the centre of the economy of the activity of the country, Nigeria, the only best way you can link this city of Lagos to the world is obviously by infrastructure, and especially civil aviation,” he said.

On his part, Sanwo-Olu said that the project was all about a partnership between the federal government, through the Ministry of Aviation, and Lagos State for the benefit of the citizens and the businesses.

He said that the state government was engaging in Business2Business as well as Government2Business to develop economies like Lagos State.

“This infrastructure will reduce journey time, make Lagos easily and better accessible, and people can make local and international business decision, given all the investment that had happened in that direction,” he said.

Read also: Julius Berger emerges Nigeria’s most valuable brand in construction

Recall that the state government had said that the project, expected to begin in 2023, would be built on 3,500 hectares of land.

It said that the master plan and aeronautical designs of the planned airport were in place.

It said studies were ongoing about strategies, funding and other issues, after which the project would be taken to the market place.

The airport, according to the state government, is expected to cater to a minimum of five million people yearly, and would be constructed in partnership with local and foreign investors.

The Star

Editor

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