Business
FAAN Signs MoU With LASG On Road Project

The Federal Airports Authority of Nigeria (FAAN) has signed a Memorandum of Understanding with the Lagos State Government, through the office of the Private-Public Partnership and Ministry of Works, to build a 28km toll road.
The partnership arrangements, which was contained in a release made available to aviation correspondents on Monday, revealed that the new road will stretch from Shasha Road to the airport toll gate on the Lagos-Abeokuta expressway.
“In a significant step towards enhancing infrastructure development, the Lagos State Government, through the Office of Public-Private Partnerships and the State Ministry of Works and Infrastructure, has established a partnership with the Federal Airport Authority of Nigeria by signing a Memorandum of Understanding for a 28 km road project”, the release stated.
According to the release, the Special Adviser, Legal, to the Governor, Office of Public-Private Partnerships, Bukola Odoe, who led the government delegation, agreed that the collaboration was aimed to kick-start the construction of a 28km toll road extending from Shasha Road to the Airport toll situated along the Lagos-Abeokuta expressway.
It was agreed that based on the pivotal agreement, which was formalised at the FAAN Annex Office, Murtala Muhammed International Airport, Ikeja, both the Federal and State Governments are to work closely through a public-private partnership framework to facilitate the commencement of comprehensive exploratory works.
This endeavour, according to the release, aligned with the Governor of Lagos State, Babajide Sonwo-Olu administration’s THEMES Plus agenda, specifically targeting the alleviation of traffic congestion along the crucial corridor.
Odoe, in the statement, emphasised that on completion, the project would significantly reduce traffic challenges, thereby, offering considerable relief to residents and commuters in the area.
Also, the Chief Executive Officer of the Federal Airport Authority of Nigeria, Olubunmi Kuku, appreciated the collaboration between the two levels of government in ensuring that the people of Lagos State enjoy the dividends of democracy.
Kuku noted that the project would not only serve the people of the area, but all Lagosians at large.
By: Corlins Walter
Business
IPMAN Wants Marketers To Patronize PH Refinery

Business
Customs To Facilitate Trade, Generate Revenue At Industrial Command

Business
FG To Ban Overloaded Petrol Trucks
-
News3 days ago
Recognise Abiola As Former President, Orji Kalu Tells Tinubu
-
Business3 days ago
Shippers’ Council Commends Customs Over AEO Initiative
-
Niger Delta3 days ago
Okpebholo Inaugurates New Buses For Revived Edoline, Security Agencies
-
Politics3 days ago
PDP, Udeh-Okoye Seek To Join Anyanwu’s Suit Against INEC, Damagum
-
Nation3 days ago
GDP Growth Reflects Economic Recovery, Entrepreneurs’ Resilience-Expert
-
News3 days ago
FG Unveils AI Training For 6,000 Teachers
-
Business3 days ago
NIPCo Gas Converts 15,000 CNG Vehicles … Moves To Sustain Investment In Gas Sector
-
Niger Delta3 days ago
Fubara, Strategically Picked To Unveil New Bayelsa NLC/TUC House – Diri … As Bayelsa Spends N20bn On Gratuity