By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Lagos State Partners with Summa Group for Lekki-Epe International Airport Development
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

Lagos State Partners with Summa Group for Lekki-Epe International Airport Development

Genesis Obong
By Genesis Obong
Published: February 9, 2025
Share
3 Min Read
Lagos State Partners with Summa Group for Lekki-Epe International Airport Development
SHARE

The Lagos State Government has taken a significant step towards realising the long-awaited Lekki-Epe International Airport, signing a Memorandum of Understanding (MoU) with the internationally renowned construction company, Summa Group. This pivotal agreement, announced by Governor Babajide Sanwo-Olu via his official social media channels, marks a crucial milestone in a project that promises to transform Lagos’s transportation landscape and propel the state’s economic growth to new heights.

“We signed a Memorandum of Understanding (MoU) with the internationally acclaimed construction company, Summa Group, to develop and construct the much-awaited Lekki-Epe International Airport,” Governor Sanwo-Olu stated. “This groundbreaking initiative is an essential part of our vision to improve connectivity in Lagos, stimulate economic growth, and draw in global investments.”

The Lekki-Epe International Airport has been a cornerstone of Lagos State’s development agenda for years, envisioned as a key driver of economic activity within the rapidly expanding Lekki-Epe corridor, one of the state’s four major growth areas. The project has faced numerous hurdles, including funding challenges and shifting partnerships.

Initially, the Federal Government granted approval for the airport’s construction in 2022, signalling a crucial step forward. However, the path to realisation has been marked by exploration and reassessment. Earlier this year, the state government considered partnering with the Portuguese firm Mota-Engil Consortium for the project’s execution. This recent shift towards Summa Group underscores the government’s commitment to finding the most suitable and capable partner to bring this ambitious vision to fruition.

- Advertisement -

Read Also: Lagos Green Line Rail Project Receives Federal Government Backing

The economic implications of this project extend far beyond improved air travel connectivity. The airport is expected to serve as a catalyst for significant economic growth, attracting both domestic and international investment. It will not only create numerous job opportunities in the aviation sector but also stimulate the development of supporting industries such as tourism, hospitality, logistics, and real estate.

Furthermore, the airport’s construction aligns perfectly with the Lagos State Government’s broader infrastructure development plan. The 2025 budget allocates a substantial portion to critical infrastructure projects, including the construction of the Lekki-Epe (Orisa) Bridge and its approach road, as well as the Lekki-Epe Airport Road. These vital road infrastructure projects will significantly enhance accessibility to the new airport and the surrounding economic hubs, ensuring seamless connectivity and facilitating the smooth flow of goods and people.

The Lekki-Epe International Airport represents not just an airport but a symbol of progress and a testament to Lagos State’s ambition to become a global economic powerhouse. This partnership with Summa Group marks a crucial turning point, bringing the dream of a modern, world-class airport in Lagos one step closer to reality.

- Advertisement -

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:AirportConstructionDevelopmentEconomyInfrastructureinvestmentLagosLekkiTourismTransportation
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByGenesis Obong
Follow:
Genesis Obong is a Journalist with relevant experience in Business, Finance and Economic matters in Nigeria and across the West African space.
Previous Article Trump Tariffs Trump’s Trade Tariffs and the African Market: A Looming Economic Storm for Nigeria
Next Article Nigeria Student Loan Nigerian Students Get Two-Year Grace Period for Student Loan Repayment

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,605.00
Sell Rate ₦1,620.00

Last updated: 4 days ago (June 3, 2025 2:33 pm)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Super Eagles Rally to Draw Against Russia in International Friendly
Sport
Manchester United Raises Annual Core Profit Forecast to Between £180m and £190m After Europa League Boost
Sport
Ange Postecoglou
Tottenham Hotspur Part Ways with Ange Postecoglou Despite Europa League Glory
Sport
Dangote Names Main Refinery Access Road “Bola Ahmed Tinubu Road” in Honor of President
News
L-R: Ify Okoye, Digital Creator; Linda Ejiofor-Suleiman, Actress; Stella Erebor, Head Internal Audit, Nigerian Communications Commission; Emanuella Samuel, Comedienne/Actress, Sylvia Musalagani, Safety Policy Manager, Africa, Middle East & Turkey (AMET), Meta, and Nicole Chikwe, founder of The Mummy Summit, during the launch of Instagram teen accounts in Lagos on Wednesday, June 4, 2025
Meta Launches Teen Accounts on Instagram in Nigeria to Enhance Online Safety for Young Users
Tech
- Advertisement -
Ad imageAd image

You May Also Like

News

President Tinubu and Top Officials Attend Eid-el-Kabir Prayers in Lagos, Emphasize Peace and Progress

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 6, 2025
International

Elon Musk’s Net Worth Plummets $34 Billion Amid Explosive Feud with Donald Trump

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 6, 2025
PoliticsTop stories

BREAKING: Akwa Ibom Governor Pastor Umo Eno Defects from PDP to APC in Strategic Political Shift

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 6, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?