AMBODE’S OKOKOMAIKO TO SEME BORDER ROAD PLAN DELIGHT PROPERTY INVESTORS
Property Investors in the Badagry axis of Lagos State have expressed delight at a recent hint by the Lagos State Governor, Akinwunmi Ambode that the State is ready to partner with any investor to take up the second phase of the Lagos-Badagry Expressway Ten Lane Road Project. While expressing the readiness of the State Government to partner with any investor willing to key into his administration’s massive infrastructural renewal drive in critical sectors, saying such would be a win-win situation for the overall benefit of the people, Governor Ambode at a recent interactive session with members of the business community and informal sector, said public private partnership was critical to accelerate development, and that the government is open to collaborate with interested investors.
For instance, Governor Ambode said the State Government would be willing to partner with any investor interested in taking up the second phase of the Mile 2 to Seme Border ten-lane road project. He said: “At the moment, work is already ongoing from Eric More to Okokomaiko but we are willing to partner with any investor interested in taking up the construction of the second phase which is ten-lane road from Okokomaiko to Seme Border. “If we are able to achieve that, it will open up and transform the western axis, especially Badagry forever, and the project will also complement the massive projects being undertaken in the axis,” the Governor said.
It will be recalled that Ambode sometime last year had assured residents that the ongoing Lagos-Badagry Expressway Expansion project would be completed before the end of 2019. The Governor while speaking shortly after embarking on extensive inspection of ongoing projects, said the project was a major economic catalyst for Lagos and therefore his administration was totally committed to seeing it through. He also recalled that his visit to Denmark was to finalize plans with APM Terminals to fast-track the commencement of work on the $2.6billion Badagry Deep Sea Port saying it was important for the road network to be completed within schedule to accommodate the anticipated increase in economic activities within the axis.
Explaining the progress of work done so far on the road at that time, the General Manager of Chinese Civil Engineering Construction Company (CCECC), South West, Mr. Guan Shuai, said extensive work had been done on three Flyovers and Interchange Bridges in Alaba, Agboju and Alakija. He noted that the challenge of relocating pipes and cables belonging to the Nigeria National Petroleum Corporation (NNPC) which hitherto slowed down the project had been resolved through the intervention of Governor Ambode.
Meanwhile, property investors in the Badagry axis are already feeling buoyed by the plan of the Government to not only complete the first and second phase of the Lagos-Badagry Expressway Project but the plan to immediately take-up the third phase with a willing investor from Okokomaiko to Seme Border. “Honorable Abel Sonayon the CEO of PACDES Global Resources; a real estate investment company with a number of Estates in Badagry says the real impact of the project cannot be felt until the road project gets to Seme Border. “Areas where investors can really get large expanse of land for meaningful real estate development are located in the main parts of Badagry Town and not in the already densely populated areas like Mile 2 and Okokomaiko. For real estate investors to really benefit from the project and also for the Lagos State Government to drive the Badagry Property Market effectively, the road must be extended to Seme Border”, Honorable Sonayon says. He added that most of the other landmark projects slated for Badagry like the Deep Sea Port and International Tourism Hub are also in the main towns of Badagry and it would not be wise not to have decent roads networks to their locations.
John Hunsu, a real estate agent in the axis says, beyond real estate, the commercial and investment prospects of having a decent and well expanded road to the main border of Nigeria to many other West African neighbors cannot be overemphasized. “A lot commercial activities in Lagos State from many of the other West African Countries are hampered by the poor state of the road. Stopping the project in Okokomaiko will not change the current scenario completely and so it is only wise that the Lagos State Government ensures that the road project gets to Seme Border”, Hunsu said.