Ambode Okays N740m for Lekki Free Zone Host Communities

lekkiLagos State governor, Mr. Akinwunmi Ambode

Ambode Okays N740m for Lekki Free Zone Host Communities

Lagos State Governor Akinwunmi Ambode yesterday approved N740,461,432 as compensation for host communities of Parcel B, comprising Yegunda, Abomiti and International Airport site of the Lekki Free Trade Zone (LFTZ).

Commissioner for Commerce, Industry and Cooperatives Prince Rotimi Ogunleye said this at a news briefing at the Bagauda Kaltho Press Centre in Alausa, Ikeja.

He said the development was in line the commitment of the Ambode administration to engender a sustainable cordial relationship between the host communities and investors in the LFTZ.

Ogunleye addressed the briefing with the Special Adviser to the Governor on Commerce, Benjamin Olabinjo; Commissioner for Local Government and Community Affairs Muslim Folami; Managing Director of Lekki Worldwide Investments Limited Dr. Tunde Sodade, among others.

He added that the governor since assuming office had addressed the salient need to compensate the host communities, adding that remarkable progress had been recorded to that effect.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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