Lagos secures $1.35bn investment for infrastructure projects

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Governor Sanwo-Olu says the $1.35 billion investment would facilitate five major infrastructure projects in the state

has sealed a $1.35 billion investment deal with the African Export-Import Bank and Access Bank to boost infrastructure in the state.

He said the investment, which would power the state’s long-term infrastructure projects, was a demonstration of confidence from international and local partners in Lagos’ growing economy. The governor said these projects would further boost the state’s economy and serve generations to come. ”The second infrastructure is what we call the Omu Creek, a huge infrastructure, that has been landlock in Lagos because of the crossing over of body of water to have access unto the land.”The third project will be the Lekki-Epe Airport, which will open up the entire free trade zone region.”We are building the largest food logistics hub in the entire sub-saharan Africa and Afreximbank is excited in this and what it does to the economy,” he said.

 

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