According to the Minister, the project approval was given urgent attention because of the growing need to further link Lagos and the Southwest to international markets and regional trade.
The Aviation minister said, the project would transform the GDP of Lagos and create jobs for the national economy. He said the airport would complement the existing Murtala Muhammed International Airport whose operation is overstretched.
“There has been an expansion in Lagos, from Eko Atlantic City to Lekki Free Trade Zones. This growth necessitated the need for another airport in Lagos. We will deploy our statutory agencies to ensure the project is done in compliance with international standards,” Sirika said.
Sanwo-Olu described the approval as another “successful step forward” towards delivering his administration’s agenda of Greater Lagos and keeping the State on the path of irreversible economic prosperity.
The Governor said the development was a triumph for the vision of the All Progressives Congress (APC) presidential candidate, Bola Tinubu, who initiated the Lagos Economic Summit where the idea of the airport started.
He said: “Granting the license for the airport project is a right step in the right direction. For us, it is all about partnership for the greater good of our State. The real beneficiaries are the citizens and the businesses that will be using the infrastructure to activate more economic prosperity. We are bringing the Government to tap business opportunities, while also providing platforms for businesses to flourish. That is how great economies are developed.
“The foundation of growth is building requisite infrastructure and creating platforms for businesses to thrive. This aviation infrastructure will reduce journey time and make commercial hubs in Lagos easily accessible. It would help investors to make the best local and international business decisions, given all the investments that have been brought to the Lekki Free Trade Zone.”
The Lekki airport would be constructed around the Lekki Free Zone (LFZ) and is expected to assist manufacturers and other business owners within the zone to transport their products abroad.
The Lagos Government initiated the aviation project, through a Public Private Partnership (PPP), in response to the pace of development on Lekki-Epe axis, which is now a fast-growing hub of commerce and industrial activities. The entire airport infrastructure will be sited on 3,500 hectares, with the first phase of the project estimated to cost $900 million.
Some private consortia have already expressed their interest in developing the airport, but Lagos Government is yet to decide on which investors to partner with on aviation infrastructure.
