Lagos signs $1.35 billion deal for Fourth Mainland Bridge, other key projects

The Lagos State Government has signed a partnership with the African Export-Import Bank (Afreximbank) and Access Bank for an investment of $1.352 billion investment in long-term infrastructure projects in the state.

The Lagos State Governor, Babajide Sanwo-Olu, who signed on behalf of the state government, in a post on his official X (formerly Twitter) account, said the deal was signed at the Africaribbean Trade and Investment Forum 2023 in Guyana.

The governor mentioned some key projects including Fourth Mainland Bridge, Omu Creek Project, and the 2nd Phase of the LRMT Blue Line from Mile 2 to Okokomaiko, noting that his administration is committed to creating a better future for the state.

Fourth Mainland Bridge, Lagos Blue Rail Line, others, among key projects
The governor said that the vision for Lagos is becoming a reality with the Lekki-Epe International Airport and the Lagos Food Systems and Logistics Hub in Epe.

Sanwo-Olu posted, ‘’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 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.’’

https://nairametrics.com/2023/10/31/breaking-lagos-signs-1-35-billion-deal-for-fourth-mainland-bridge-other-key-projects/

Truly "the future of Lagos is brighter than ever.’’

We will give all the support the government needs to ensure that this project succeeds phenomenally. We just can not afford to rest on our oars. The black race looks up to us.

Please invest in Lagos and the neighbouring Yoruba South West Nigeria states for great returns on investment and the best investor friendly experience in Africa.

Southwest Nigeria is the safest, has an abundance of fertile arable land , preserved forests with wildlife like giant African Elephants etc , pristine waterfalls, springs and coast lines/exotic beaches, great climate,friendly host communities, huge pool of rich, brilliant, talented , highly educated ,hardworking people , huge natural mineral deposits and material resources, oil and gas, modern trains/infrastructures, high tech industries, super fast 5G from multinational telcos, multiple advanced undersea fibre optic cables, satellite internet services that connect the SW Nigeria Yoruba states , prestigious universities and research centres, world class music, film entertainment and art industry, homogeneous language/culture, great tasty indigenous foods and all you want as an investor.

Please bring your investments to South West Nigeria just like African Export-Import Bank (Afreximbank) and Access Bank just did with this investment of $1.352 billion in our Lagos 4th mainland Bridge long-term infrastructure projects in Lagos state.

May God bless Nigeria for ever! Check my signature for free stuffs!

That's a lot of money. Lagos is in a class of its own, if the state wasn't solvent, the banks wouldn't agree to fund the project, reason I maintained that debt is not bad if its utilised properly.

People that spoke against IGR, can states with low IGR dare to embark on a project of this magnitude? You deliberately turn facts on it's head when reality is not in your favour, jokers!

Developers are developing 4th mainland bridge

Up developers !!!!

EKO4SHOW!

TURAKIN2019:
Lagos4show

Wittyness.

Okay

Developers nightmare!. 😂🤣😁

Finally... That'll be a great relief to 3rd Mainland bridge.

Lagos lead others follows. Greater Lagos Rising

Pandoora people will drink acid because of this news. They wish it was their" I don't think in yoruba ipob brother signing those contract!

Let’s see if they would keep to their words

Armed Robbers

One day we will talk about how deplorable Ajah to lekki road has become

If it’s Sanwo Olu, I believe him.

This man is working in his second term like he is running for another election.

Good

My worry is whether Lagos motorists will be willing to pay a toll. This I very much doubt.

Tolling and traffic snarls can not be divorced. It is about time an advanced system is introduced whereby cars are electronically tolled the second they pass the toll gates either using number plates or something else.

In Singapore and London, vehicles are immediately tolled if they enter certain parts of the cities at some hours of the day. The same should be introduced here

aljharem:
Developers are developing 4th mainland bridge

Up developers !!!!

Funny guy


Meanwhile its just remains only two months to enter the new year 2024
Those who believe that they will or rather must still earn millions of naira within these remaining two months please gather here 🙏 🙏 🙏

Positive Mindset.....

The pix above with the omolex overpasses ... is that really necessary?... even in the long term? ... what will be the cost of maintenance? When will these proje ts begin?... when will they be completed? When will we begin to repay the loans?.. and where wil l that money be coming from? This reminds me of Fashola taking loatns from the World Bank to build skyscrapers and boardwalk and whatever ... a mini Dubai. What happened?... Lagosians are repaying that loan with nothing to sbow ... Fashola has baied out..

Finally.. 4th Mainland bridge

but we have our buhari bridge naa so why should we drink poision also we would benefit from the bridge they dint say the bridge is called emilokan bridge or yoruba bridge its 4th manland bridge and it is for everyone na you go drink poison knowing pandora ppl would have full access to the bridge

Tochitee:
Pandoora people will drink acid because of this news. They wish it was their" I don't think in yoruba ipob brother signing those contract!

How many times dem go sign this deal lol

Kudos to past governors and present governor in Lagos state. A state like a country.

Courtesy of the behind the scenes works of the good Dr. and the Honourable Retired guy. His name slips my memory right now!

In exchange for what ?

Ok

So this kind money dey this country and masses dey H

FreeStuffsNG:
Lagos signs $1.35 billion deal for Fourth Mainland Bridge, other key projects




https://nairametrics.com/2023/10/31/breaking-lagos-signs-1-35-billion-deal-for-fourth-mainland-bridge-other-key-projects/

Sope otilo