Lagos secures $1.352bn partnership with AFREXIM, Access Bank for key infrastructural projects

The Governor Babajide Sanwo-Olu-led Lagos State Government has secured a strategic partnership with the African Export-Import Bank (AFREXIM) and Access Bank to enhance the development of long-term infrastructure projects within the state.

This collaboration was officially established at the Africaribbean Trade and Investment Forum 2023 in Guyana, with a specific emphasis on key initiatives, including the Fourth Mainland Bridge, Omu Creek Project, and the second phase of the LRMT Blue Line, extending from Mile 2 to Okokomaiko.

Governor Sanwo-Olu emphasized his administration’s unwavering commitment to shaping a brighter future for Lagos through these transformative endeavors.

On Tuesday, Sanwo-Olu announced this milestone on X (formerly Twitter), stating, “It was a momentous occasion in Guyana at the Africaribbean Trade and Investment Forum 2023 as we have secured a partnership with the African Export-Import Bank and Access Bank for a substantial 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 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. These projects will further boost our economy and serve generations to come. The future of Lagos is brighter than ever.”