Lagos State Governor, Babajide Sanwo-Olu, African Export-Import Bank, Afrexim, and Access Bank signed a $1.35 billion collaboration deal for investments in infrastructure in the state.
The signing ceremony took place yesterday, during the 2nd Africaribbean Trade and Investment Forum in Georgetown, Guyana, South America.
Governor Sanwo-Olu, President and Chairman of the Board of Afreximbank, Prof. Benedict Oramah, and Mr Herbert Wigwe, Non-Executive Director of Access Bank Plc, were among those who signed the cooperation agreement.
The state government also signed a collaboration agreement for the building of the Fourth Mainland Bridge and other infrastructure projects in the state.
The collaboration agreement also includes the Omu Creek Project and the Second Phase of the Lagis Rail Mass Transit, LRMT Blue Line from Mile-2 to Okokomaiko.
The governor announced this using his X account (previously Twitter), he wrote:
“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 realize key projects, including the Fourth Mainland Bridge, Omu Creek Project, and the second 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.”
cc: Vanguard Ng
