Lagos secures $1.352bn funding from Access Bank, Afreximbank to finance Fourth mainland bridge, others

Lagos State Governor, Babajide Sanwo-Olu, has struck a partnership deal with the African Export-Import Bank and Access Bank to finance long-term infrastructure projects in the State.

The collaboration inked at the Africaribbean Trade and Investment Forum 2023 in Guyana focuses on key initiatives to finance long term projects, such as the Fourth Mainland Bridge, Omu Creek Project, and the second phase of the LRMT Blue Line from Mile 2 to Okokomaiko.

Sanwo-Olu emphasised his administration’s dedication to shaping a brighter future for Lagos through these transformative endeavours.

Sanwo-Olu revealed the  development on Tuesday via his X account (formerly Twitter), stating, “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.”

According to him, the “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 realise 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,” he said.