Lekki Toll Gate to reopen as it has to pay its local and foreign debts – Commissioner
The Lagos State Government has revealed that the Lekki Concession Company’s plan to revert to official tolling after the Lekki Shooting incident is irreversible, saying the company owes local and foreign investors and must fulfill its obligations. obligations.
It was disclosed by Gbenga Omotosho, Lagos State Information Commissioner, in an interview with Arise TV on Wednesday.
He added that most of the people opposed to the opening of the Lekki toll are people who do not even live in Nigeria.
What the commissioner says
He said there had been no public resistance to the reopening of the toll barrier, citing the encouragement the LCC received from stakeholders and people who live in the area after a series of meetings that it’s had with people who live in the area, and those who frequently use the road.
“I don’t believe there would be any resistance at all, the first time LCC went there it wasn’t just to reopen the toll it was just for the company to see the damage on the equipment and that the damage can be reduced, Omotosho said.
He also said that it took around 18 months for LCC to return to toll and he had no choice after owing local lenders N11.6 billion and foreign lenders $31.1 million. and the need to meet the needs of 500 workers who have been idle for months.
He said, “So for the business to come back most of the people who are resisting opening the toll are people who don’t even live around, who don’t even live in Nigeria, and say all kinds of printables things on the toll.
“If LCC doesn’t come back, I don’t know how they are going to repay the debt,” he added.
What you should know
Nairametrics earlier reported that the Lekki Concession Company has announced that the Lekki-Ikoyi Link Bridge will resume operations on April 1, 2022, adding that there will be a two-week free holiday for motorists and commuters.