From Anthony Nwachukwu, Lagos
Governor Akinwunmi Ambode has assured that work would commence on the Lekki Deep Seaport next month.
Ambode gave the assurance while receiving progress report on the investments in the Lekki Free Trade Zone (LFTZ) from the Chairman of Lekki Free Zone Development Company, Mr. Abiodun Dabiri.
The governor said as part of measures to eradicate congestion and gridlock that have marred business and pleasure in the Apapa port city and environs, the state government will upgrade the Lekki-Eleko Road from single to dual carriageway.
Describing the port as a critical infrastructure that will attract more investors to the zone, Akinwunmi said that “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 to withstand the influx of vehicles that will be using the road. With this, we will be able to sustain the investments in the area.”
The governor’s assurances followed Dabiri’s submission that the road network in the area needed to be expanded to accommodate the expected high influx of all categories of users in view of the massive investments coming into the zone, which have exceeded N100 billion in the last 10 years.
He expressed hope that the Lagos East axis would witness massive economic turnaround within the next two years as the Lekki Deep Seaport, Dangote Refinery and Lekki Airport become functional.
According to him, the incumbent administration, alongside its Chinese partners, will plough the sum of $62 million counterpart funding into the area in the next six months for further development to actualise the projects.
“We expect that in the next six months we should be having an investment of over $60 million,” he said. “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 to the zone.”
Meanwhile, the report stated that the Dangote Group leads with about $4 billion in the over $6 billion invested in the zone yet, while a huge part of the over 16,000-hectares LFTZ was yet to be activated.