The African Export-Import Bank (Afreximbank) and the local Access Bank and the State of Lagos signed an agreement on Tuesday, October 31, 2023. This agreement covers the financing of several infrastructure projects in the amount of $1.35 billion

The governor of the State of Lagos, Babajide Sanwo-Olu, indicated that his account X (ex-Twitter) that “these funds will in particular be used to build a bridge as part of a public-private partnership, and to extend the light metro network.” . They will be used to strengthen infrastructure in the long term. In fact, in 2022, the State of Lagos pre-selected a consortium composed of the Portuguese construction group Mota-Engil and two Chinese companies to build a bridge to decongest the megacity of Lagos, for an investment estimated at