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Ambode To Pump $60m Into Lekki Free Zone Project - Politics - Nairaland

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Ambode To Pump $60m Into Lekki Free Zone Project by LoveMachine(m): 1:30pm On Mar 25, 2017
Lagos State governor, Mr. Akinwunmi Ambode, yesterday, said about $60million would be pumped into the ongoing development of the Lekki Free Trade Zone (LFTZ) within the next six months.

The governor, who spoke when he met with stakeholders at the Zone, assured that he remains committed to addressing the challenges and ensuring the project is actualised.

“I want to assure that our financial commitment to LFTZ will be improved in 2017, that is, we will accelerate to quickly clear our outstanding counterpart funding for the Zone.

“In essence, we expect that in the next six month, we should be having an investment of over $60 million. I believe that when we invest our share of the fund and China Africa Lekki Investment Limited (CALIL) does, it will bring a major development for the Zone,” he said.

The governor said that putting the fund at the Zone at a time when Nigeria was gradually easing its way out of recession would not only improve infrastructure and boost development, but will also help attract more investors to the Zone.


He said over $6billion has been invested in the LFTZ in the last few years, with Dangote Group providing a lion share of about $4billion.

Ambode said: “Over $6 billion has been invested in the Zone in the last few years with Dangote share in the lump sum at $4 billion and we have a land space of over 16,000 hectares of which, just a portion of it is activated.

“We are all aware of the investments by Dangote Group and the China Africa Lekki Investment Limited (CALIL), had done as it concerns the partnership they signed with the Lagos State Government. And this partnership made the company own 60 percent while Lagos owns 40 percent.”

Ambode also assured that work would commence on the Lekki Deep Sea Port next month, saying that it was also a critical infrastructure that would attract more investors into the Zone and ensure return on investment.

“With the ongoing construction of the seaport, airport and others, it is obvious that a single road isn’t sufficient for the Zone.

“It is now clear that we have to dualise the Lekki-Eleko Road beyond the Zone in order to withstand the influx of vehicle that will be making use of the road to access the Zone. With this, we will be able to sustain the investments in the area,” the governor said.

He expressed optimism that with the Lekki Deep Sea Port, Dangote Refinery and Lekki Airport coming on board, the Lagos East axis would witness massive economic turnaround within the next two years.

http://thenationonlineng.net/ambode-pump-60m-lekki-free-zone-project/

10 Likes 3 Shares

Re: Ambode To Pump $60m Into Lekki Free Zone Project by Jetleeee: 1:31pm On Mar 25, 2017
Eko Atlantic City
Badagry seaport
Lekki Deep Sea Port
Dangote Refinery
Lekki FTZ

Huuuh!! All in one city. Abeg..



Lagos is not their daddy's mate. Ogun is not their mummy's mate. At the moment, these 2 states are like the only states where things are really happening. No wonder they are the only states that have been able to generate more than their FA. Are y'all surprised they are both SW states? Opolo ni, no be muscle.

Can't wait for Oyo to join the mix and the other three SW states. A seaport in Ondo will definitely open up the other SW states.

Meanwhile, awa pipu from that side are still busy developing all South Asian countries, signing fake MOUs and blaming Yorubas for poo not coming out of their ...... grin

In Madam Faka's voice, I can only tell them to "kontinew". Alabiabia will build their region for them

136 Likes 20 Shares

Re: Ambode To Pump $60m Into Lekki Free Zone Project by LoveMachine(m): 1:42pm On Mar 25, 2017
Re: Ambode To Pump $60m Into Lekki Free Zone Project by Jetleeee: 1:43pm On Mar 25, 2017
....

1 Like

Re: Ambode To Pump $60m Into Lekki Free Zone Project by LoveMachine(m): 1:44pm On Mar 25, 2017
Jetleeee:


As in add it to the post lol

I wanted to respond to you first so you didn't seem crazy to anyone who read the post. Thanks for the heads up on the missing source. I don't need the "yam/rice but no sauce gang" coming for me.

1 Like 1 Share

Re: Ambode To Pump $60m Into Lekki Free Zone Project by Ajibel(m): 1:52pm On Mar 25, 2017
He expressed optimism that with the Lekki Deep Sea Port, Dangote Refinery and Lekki Airport coming on board, the Lagos East axis would witness massive economic turnaround within the next two years.

These projects when they come on stream would really give a huge boost to the Lagos economy.

And to add

Eko Atlantic City
Badagry seaport
Smart city
And other numerous projects in the pipeline.

Cant wait to see what Lagos would be like in the next 5 years.

Eko o ni baje ooo cheesy

43 Likes 3 Shares

Re: Ambode To Pump $60m Into Lekki Free Zone Project by Bruteforce101: 1:53pm On Mar 25, 2017
God bless Gidi, God bless SW.

15 Likes

Re: Ambode To Pump $60m Into Lekki Free Zone Project by YonkijiSappo: 2:09pm On Mar 25, 2017
Take Yorubas out of Nigeria and watch sophisticated business, top notch investment, large scale innovation, progressive mindset, and general cool headedness die off in whatever is left of Nigeria.

56 Likes 8 Shares

Re: Ambode To Pump $60m Into Lekki Free Zone Project by omofunaab(m): 3:20pm On Mar 25, 2017
God bless Lagos state
God bless the yoruba nation

42 Likes 2 Shares

Re: Ambode To Pump $60m Into Lekki Free Zone Project by Jetleeee: 3:28pm On Mar 25, 2017
This is a FP worthy thread mynd44 lalasticlala

3 Likes

Re: Ambode To Pump $60m Into Lekki Free Zone Project by veekid(m): 4:56pm On Mar 25, 2017
The money long so tey, dem no fit express am for naira
Oya mathematicians, wor do you call this?
60000000 US dollars = 19050000000.0000 Nigerian nairas

1 Like

Re: Ambode To Pump $60m Into Lekki Free Zone Project by Teewhy2: 4:57pm On Mar 25, 2017
Lagos state has been blessed with hard working leaders, who has the interest of the state and citizen at heart. I believe if Lagos is a country of its own they would be having minimum 18hours uninterrupted electricity. I just hope Nigeria can develop at the pace Lagos is developing, we should forget about centralized system of government and move back to regional government, this will enable state who consider themselves as civil servants state to think of other ways of generating income to sustain the state.

Get more nutrition facts about ofada rice by clicking below.
https://www.nairaland.com/3579520/ofada-rice-facts-need-know

Anybody in the house with a million naira that they don't use again to let me know

6 Likes

Re: Ambode To Pump $60m Into Lekki Free Zone Project by kenzysmith: 4:59pm On Mar 25, 2017
Base on logistic avenue 4 looting
Re: Ambode To Pump $60m Into Lekki Free Zone Project by aribisala0(m): 4:59pm On Mar 25, 2017
Na our oyel money

2 Likes

Re: Ambode To Pump $60m Into Lekki Free Zone Project by iamnicer: 4:59pm On Mar 25, 2017
smiley

I LOVE AMBODE

THO NOT MY GOVERNOR

LOVES THE WAY HE EMBRACES DEVELOPMENT IDEAS AND INNOVATIONS.

LAGOS IS GROWING

smiley

12 Likes

Re: Ambode To Pump $60m Into Lekki Free Zone Project by Olukologia(m): 5:00pm On Mar 25, 2017
Well done sir. still on baba sowipe.

2 Likes

Re: Ambode To Pump $60m Into Lekki Free Zone Project by YonkijiSappo: 5:01pm On Mar 25, 2017
Eko o ni baję !

8 Likes 1 Share

Re: Ambode To Pump $60m Into Lekki Free Zone Project by kenzysmith: 5:01pm On Mar 25, 2017
Tinubu more grase to ur account weldone sir
Re: Ambode To Pump $60m Into Lekki Free Zone Project by bebe2(f): 5:01pm On Mar 25, 2017
shocked

I still never invest for that area ooo

God help me cry

2 Likes 2 Shares

Re: Ambode To Pump $60m Into Lekki Free Zone Project by Pavore9: 5:02pm On Mar 25, 2017
Lagos, way ahead.

3 Likes

Re: Ambode To Pump $60m Into Lekki Free Zone Project by LoveJesus87(m): 5:02pm On Mar 25, 2017
N
Re: Ambode To Pump $60m Into Lekki Free Zone Project by Ppresh2017(f): 5:02pm On Mar 25, 2017
Good move.
Re: Ambode To Pump $60m Into Lekki Free Zone Project by chukslawrence(m): 5:02pm On Mar 25, 2017
ok
Re: Ambode To Pump $60m Into Lekki Free Zone Project by AngelicBeing: 5:03pm On Mar 25, 2017
Ajibel:
He expressed optimism that with the Lekki Deep Sea Port, Dangote Refinery and Lekki Airport coming on board, the Lagos East axis would witness massive economic turnaround within the next two years.

These projects when they come on stream would really give a huge boost to the Lagos economy.

And to add

Eko Atlantic City
Badagry seaport
Smart city
And other numerous projects in the pipeline.

Cant wait to see what Lagos would be like in the next 5 years.

Eko o ni baje ooo cheesy
wink cool
Re: Ambode To Pump $60m Into Lekki Free Zone Project by coolcah: 5:03pm On Mar 25, 2017
Jaynivar:
Baba oo
Re: Ambode To Pump $60m Into Lekki Free Zone Project by Silva79(f): 5:04pm On Mar 25, 2017
op include current photos of lekki free trade zone

1 Like

Re: Ambode To Pump $60m Into Lekki Free Zone Project by asumo12: 5:05pm On Mar 25, 2017
You will never steal from a Nigerian and get away with it, Today Someone stole a white goat and painted it black!!! Then the owner came claiming he knows the smile of his goat.

14 Likes 1 Share

Re: Ambode To Pump $60m Into Lekki Free Zone Project by joedams: 5:05pm On Mar 25, 2017
Ambode...just bursting my watts. This guy is an enigma and an asset to Nigeria.

8 Likes

Re: Ambode To Pump $60m Into Lekki Free Zone Project by wink2015(m): 5:05pm On Mar 25, 2017
LoveMachine:
Lagos State governor, Mr. Akinwunmi Ambode, yesterday, said about $60million would be pumped into the ongoing development of the Lekki Free Trade Zone (LFTZ) within the next six months.

The governor, who spoke when he met with stakeholders at the Zone, assured that he remains committed to addressing the challenges and ensuring the project is actualised.

“I want to assure that our financial commitment to LFTZ will be improved in 2017, that is, we will accelerate to quickly clear our outstanding counterpart funding for the Zone.

“In essence, we expect that in the next six month, we should be having an investment of over $60 million. I believe that when we invest our share of the fund and China Africa Lekki Investment Limited (CALIL) does, it will bring a major development for the Zone,” he said.

The governor said that putting the fund at the Zone at a time when Nigeria was gradually easing its way out of recession would not only improve infrastructure and boost development, but will also help attract more investors to the Zone.


He said over $6billion has been invested in the LFTZ in the last few years, with Dangote Group providing a lion share of about $4billion.

Ambode said: “Over $6 billion has been invested in the Zone in the last few years with Dangote share in the lump sum at $4 billion and we have a land space of over 16,000 hectares of which, just a portion of it is activated.

“We are all aware of the investments by Dangote Group and the China Africa Lekki Investment Limited (CALIL), had done as it concerns the partnership they signed with the Lagos State Government. And this partnership made the company own 60 percent while Lagos owns 40 percent.”

Ambode also assured that work would commence on the Lekki Deep Sea Port next month, saying that it was also a critical infrastructure that would attract more investors into the Zone and ensure return on investment.

“With the ongoing construction of the seaport, airport and others, it is obvious that a single road isn’t sufficient for the Zone.

“It is now clear that we have to dualise the Lekki-Eleko Road beyond the Zone in order to withstand the influx of vehicle that will be making use of the road to access the Zone. With this, we will be able to sustain the investments in the area,” the governor said.

He expressed optimism that with the Lekki Deep Sea Port, Dangote Refinery and Lekki Airport coming on board, the Lagos East axis would witness massive economic turnaround within the next two years.

http://thenationonlineng.net/ambode-pump-60m-lekki-free-zone-project/

How do this result in massive jobs creation for Nigerians that are looking for job in Lagos?
Re: Ambode To Pump $60m Into Lekki Free Zone Project by Nobody: 5:05pm On Mar 25, 2017
Lagos State need to start issuing visas to all the visitors from the south b.east !!!!

17 Likes 1 Share

Re: Ambode To Pump $60m Into Lekki Free Zone Project by DollarAngel(m): 5:05pm On Mar 25, 2017
Nice One, Lagos is just privileged former FTC

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