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Sanwo-Olu Officially Receives Federal Approval letter for Lekki Epe International Airport.

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Federal Approval letter for Lekki-Epe Airport_lekki airport lagos

Lagos State Receives Federal Approval letter for Lekki Epe International Airport

Federal Approval letter for Lekki-Epe Airport_lekki airport lagos
Federal Approval letter for Lekki Epe International Airport_lekki airport lagos

The government approval previously granted to the Lagos State Government to commence construction of a cargo and passenger airport on the state’s Lekki-Epe axis has been officially presented.

The Lagos Government established the aviation project through a Public Private Partnership (PPP) in response to the rapid development of the Lekki-Epe axis, that is now a bustling commercial and industrial hub. The airport facilities will be built on 3,500 hectares, with the initial phase estimated to cost $900 million.

Governor Babajide Sanwo-Olu received the Federal Government’s instrument approving the state to begin the airport project on Tuesday.

Sen. Hadi Sirika, Minister of Aviation, presented the document to the Governor on behalf of President Muhammadu Buhari at the ongoing Lagos Economic Summit (Ehingbeti) 2022 at Eko Hotels and Suites, Victoria Island.

While some private consortia have communicated interest in constructing the airport, the Lagos government has yet to decide with whom to partner on aviation infrastructure.

Sanwo-Olu described the approval as another “successful step forward” in delivering his administration’s Greater Lagos agenda and keeping the state on an irreversible path of economic prosperity.

Federal Approval letter for Lekki-Epe Airport_lekki airport lagos
Federal Approval letter for Lekki Epe International Airport_lekki airport lagos

The Governor described the development as a triumph for the vision of the All Progressives Congress (APC) presidential candidate, Asiwaju Bola Ahmed Tinubu, who organized the Lagos Economic Summit, which sparked the idea for the airport.

“Granting the license for the airport project is a good step in the right direction,” he said. But, for us, it’s all about working together for the greater good of our state.

The real winners are the residents and companies using the infrastructure to enhance economic prosperity. 

We are planning to bring the government to take advantage of business opportunities while also promoting platforms for businesses to thrive. This is how excellent economies emerge.

 “The foundation of growth is the creation of necessary infrastructure and platforms for businesses to thrive.” 

This aviation infrastructure will reduce travel time and make Lagos’ commercial hubs more accessible.

Given all of the investments that have been brought to the Lekki Free Trade Zone, it would assist investors in making the best local and international business decisions.”

 Sirika stated that the federal mandate to the Lagos Government on the new airport received expedited approval due to the growing need to connect Lagos and South west to international markets, and regional trade.

According to the Aviation Minister, the project will stimulate Lagos’ GDP and create jobs for economic development. 

He stated that the airport would supplement the existing Murtala Muhammed International Airport, which is overcrowded.

“In Lagos, there has been an expansion, from Eko Atlantic City to the Lekki Free Trade Zones.” 

This expansion necessitated the construction of a new airport in Lagos. 

“We will mobilize our statutory agencies to ensure that the project is completed in accordance with international standards,” Sirika stated.

Sanwo-Olu declared the two-day summit open, saying Lagos had begun its race to build a prosperous future with the introduction of a 30-year growth plan that would place the state on par with developed cities by 2052.

He stated that the government’s future paths had been planned based on the projection of generating and implementing localized remedies within the context of the state’s unique socioeconomic realities.

Federal Approval letter for Lekki-Epe Airport_lekki airport lagos
Federal Approval letter for Lekki Epe International Airport_lekki airport lagos

Sanwo-Olu stated that the state would be allowed to look outside for inspiration, but that all suggestions must be based on deep local context and adaptation.

“Over the next two days, we will listen to policymakers, thought leaders, futurists, disruptors, innovators, investors, and economists, among others,” he said, “all united by an abiding focus on Lagos’ development trajectory.”

“They will share insights and perspectives on Lagos’ future paths, particularly solutions that can be easily implemented in the context of our unique circumstances.” Indeed, the emphasis on “homegrown” and “localized” solutions is critical.”

Sam Egube, Commissioner for Economic Planning and Budget, stated that the summit provided Lagos with a better deal in terms of growth prospects, as the state leveraged robust conversations with key private sector players.

Egube stated that the State Government had accomplished 210 of the 222 resolutions reached in the previous eight editions of the economic summit, and that engagement with the private sector had helped improve governance accountability.

Mrs. Mary Iwelumo, summit chairperson and Partner at PwC Nigeria, stated that the ongoing event, which is the 9th in the series, has attracted 30,000 participants from within and outside the country.

Members of the State Executive Council, current and former elected public office holders in Lagos, entrepreneurs, captains of industry, investors, business leaders, and diplomats are among those attending the summit.

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