LEKKI AIRPORT: LASG Inks MOU With Summa Group On PPP Project

The Lagos State Government has signed a Memorandum of Understanding (MoU) with Summa Group to develop and construct the highly anticipated Lekki-Epe International Airport which is one of the state’s flagship Public-Private Partnership (PPP) projects.

Speaking during the signing ceremony, Governor Babajide Olusola Sanwo-Olu said the project aligns with the State’s vision to enhance connectivity, drive economic growth, and attract global investments in the state.

He explained further that if the Lekki-Epe International Airport is fully operational, it will decongest the existing Muritala Muhammed International Airport, unlock new opportunities for businesses to strive and would also be of immense benefit to the residents of Lagos State in other areas.

“This groundbreaking initiative is an essential part of our vision to improve connectivity in Lagos, stimulate economic growth, and draw in global investments.”

The governor emphasised that the airport would ease travel and create new opportunities for residents and businesses across the state.

Plans for the new airport were first announced on October 7, 2022, with the Lagos State Government stating that the project would be sited on 3,500 hectares of land in the Lekki-Epe corridor.

The airport, which is designed to accommodate a minimum of five million passengers annually, will be developed through a public-private partnership involving both local and foreign investors.

On January 25, 2024, Sanwo-Olu reiterated that the state was preparing for the project’s groundbreaking and that necessary federal approvals were under consideration.