You are here: HomeBusiness2024 01 08Article 725831

Business News of Monday, 8 January 2024

Source: www.legit.ng

'5m passengers' - Lagos State gives completion date, targets for new International Airport at Lekki

Babajide Sanwo-Olu Babajide Sanwo-Olu

Lagos State Government has once again promised to construct a new international Airport at the Lekki Epe corridor of the State in the next one or two years.

The airport is expected to accommodate about 350 aircraft at a time and take care of about 5 million travellers annually.

Gbenga Omotoso, the state commissioner for information and Strategy who disclosed this, also said when the airport is completed, residents of Lekki will not have to make a journey to Ikeja, Punch reports.

His words: “The Airport is not going to take time, it is expected to be finished in about a year or two and that is going to be on Lekki Epe corridor and it’s going to be an international Airport, that can accommodate about 350 Aircraft at a time.

"It’s going to take care of about 5 million travelers and we are already talking to investors, because it’s not what the state can fund from its balance sheet.

“So everything that needs to be done by the Airport and every other iconic projects that I have spoken of, like Food and Logistics Hub, 4th Mainland Bridge are currently on the table.

Investment in Nigeria

Lagos government also said talks are ongoing with foreign investors for the project, Champion reports.

Omotoso added: “We are talking to investors from all over the world to come and take up these projects and they have seen that Lagos is where the investment destination is, the biggest in Africa.

"If you look at the Foreign Direct Investment, there is no state that march Lagos and if you talk about foreign direct investment coming into Nigeria, when you look at Africa as a whole, Lagos contributes about 80% of the one that is coming into Nigeria."