Following the improvement of the road network around the Oniru-Victoria Island and Lekki axis, where its head office is located, Access Bank Plc in partnership with the Lagos State government yesterday inaugurated the project.
The road network project measuring around 1.8 kilometers was inaugurated by the Governor of Lagos State, Mr. Babajide Sanwo-Olu and had in attendance his Deputy, Mr. Femi Hamzat, the Oniru of Iruland, Oba Abdul-Wasiu Omogbolahan Lawal and array of distinguished persons.
Speaking during the ceremony, Sanwo-Olu said the most critical challenge being experienced on daily basis by residents and road users along the axis was the heavy traffic, saying delivering the project has improved traffic flow, reduced travel time and eliminated perennial flooding issues.
According to the governor, the Victoria Island – Lekki Traffic Circulation Project commenced in December last year, under a Public Infrastructure Improvement Partnership (PIIP) Programme in conjunction with Access Bank.
It involved the dualisation, expansion, construction and rehabilitation of some roads, junction and turning radius. In addition, it included the provision of new drainage system, re-routing some roads as one way and signalization.
Some of the roads delivered under the project are Ligali Ayorinde Muri Okunola – Aboyade Cole, Yesufu Abiodun Oniru, Ligali Ayorinde/Akinbolagbe/Okene amongst others
He said the partnership with Access Bank reinforced the importance of Public-Private Partnership (PPP) in delivering public infrastructure.
He said government was willing to give incentives such as tax holidays and branding and advertisement concession to corporate organisations that are ready to partner with government.
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