Afrexim, Access Banks sign $1.3bn deal for Lagos Blue Line expansion
The Lagos State Governor, Mr Babajide Sanwo-Olu, has secured a partnership with the African Export-Import Bank and Access Bank for an investment of $1.352bn in Lagos infrastructure.
The governor signed the partnership deal with the two banks on Tuesday 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 $1.352bn in Lagos.
“This investment will power our long-term infrastructure projects, demonstrating confidence from international and local partners in our growing economy,” Sanwo-Olu said via his verified X (formerly Twitter) handle on Tuesday.
He noted that the investment will help the state to execute “key projects, including the Fourth Mainland Bridge, Omu Creek Project, and the second Phase of the LRMT Blue Line from Mile 2 to Okokomaiko.”
The governor added, “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.”
