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
Our Rehoboth Park & Gardens is located at Ibeju-Lekki after eleko junction few minutes from La Campagne. It falls under the Mawejo village excision and shares a boundary with Igbogun village excision. The estate is a 10 minutes drive from the prestigious Lekki Free Trade Zone.
Estates and other Landmarks within the neigbourhood include Amen Estate, Federal Government Teacher’s Estate, Lagos State Golf Course, Free Trade Zone, Cargo Port Construction, Seaport Construction, La Campagne Tropicana Beach Resort and Island International Airport.
With As low as N5,000 daily (Mon-Fri) or N100,000 monthly for 60 months
For enquiries: 08035120556
ADRON HOMES & PROPERTIES LTD...Housing Experts
Plot 27 Oko Akoko Street Off Lagos Street Garki 2 Abuja.
15,Otunubi Street by Haruna Bus Stop College road ogba lagos
e: mobolaji.ajibola@adronhomesproperties.com | www.adronhomesproperties.com
No comments:
Post a Comment