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Lagos secures $1.3bn infrastructure investment from Afreximbank, Access Bank

Lagos secures $1.3bn infrastructure investment from Afreximbank, Access Bank
November 01
10:43 2023

Babajide Sanwo-Olu, governor of Lagos, says the state has secured a partnership with the African Export-Import Bank (Afreximbank) and Access Bank for an infrastructure investment of $1.352 billion.

Sanwo-Olu, in a post on his official X handle on Tuesday, said the state signed a partnership deal with the two banks at the second Africaribbean Trade and Investment Forum 2023 in Georgetown, Guyana.

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,” the governor posted.

“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 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.

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“These projects will further boost our economy and serve generations to come. The future of Lagos is brighter than ever.”

Meanwhile, the federal government recently said a comprehensive rehabilitation of the 11.8-kilometer Third Mainland Bridge in Lagos would begin on November 1 and would last for three months.

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