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/. INVEST IN REAL ESTATE NOW

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Interesting..

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Ambode, the working governor

Naso LASG go pump all the money into Island, forget people wey dey mainland. SMH.

Badagry Freezone nko?

Itesiwaju eko lo je wa logun.
I believe if Lagos is an independent state like what we have in United States, lagos would have been talking of 24 hours electricity and one of the best economy in Africa by now.
GOD bless all the past and present leaders of Lagos state, you will walk and never stumble.
GOD bless Lagos,
GOD bless south west,
GOD bless Nigeria.

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this lekki free zone what is it all about?

and my Igbo friend was saying his state had the best economy in Nigeria, can you imagine

Lagos.. beautiful land

hernandson:
and my Igbo friend was saying his state had the best economy in Nigeria, can you imagine

OK, your state is better ....

does that adds money to your account?


White men argument: I will produce a better phone that Iphone , 3yrs later... he has produced something...



Black men argument: My state is finer than your state, 3 yrs later ... his still on Nairaland arguing who's state is better...

What Lagos is doing is not special

OK, let me know when that's done

Jonze

hernandson:
and my Igbo friend was saying his state had the best economy in Nigeria, can you imagine

una don start abi?

Ezechinwa:


OK, your state is better ....

does that adds money to your account?


White men argument: I will produce a better phone that Iphone , 3yrs later... he has produced something...



Black men argument: My state is finer than your state, 3 yrs later ... his still on Nairaland arguing who's state is better...

he's a f00.lish boy that have refused to be sensible

TerrorSquad147:
una don start abi?

lol na true talk oo

. Wow Lagos is Working That ibeju lekki developing so fast..

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This is highly commendable. Eko oni baje.

Ok

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This is a capitalist project for the elites.Lagos state don't recognise it people after campaign and voting have ended.

Nice move.Lagos for the elites!
How come we hardly hear of the deputy Governor of Lagos state. Just my observation.

hmm

Fff