Lagos State Governor Babajide Sanwo-Olu, the African Export-Import Bank, and Access Bank signed a partnership agreement worth $1.35 billion for infrastructure investment on Tuesday, October 31, 2023.

The signing ceremony was held at the 2nd Africaribbean Trade and Investment Forum in Georgetown, Guyana, in South America.

The partnership will fund key infrastructure projects in Lagos State, including the Fourth Mainland Bridge, Omu Creek Project, and the second phase of the Lagos Rail Mass Transit Blue Line from Mile 2 to Okokomaiko.

Governor Sanwo-Olu said the investment is a demonstration of confidence from international and local partners in the growing Lagos economy.

“This investment will power our long-term infrastructure projects and help us realize key projects, including the Fourth Mainland Bridge, Omu Creek Project, and the second phase of the LRMT Blue Line from Mile 2 to Okokomaiko,” he said.

The governor added that the state is committed to creating a better future for Lagos and its people through its vision for a Smart City.

The Lekki-Epe International Airport and the Lagos Food Systems and Logistics Hub in Epe are other key infrastructure projects underway in the state.