The Lagos state governor Akinwunmi Ambode on yesterday approved a total sum of N740,461,432.00 as compensation for host communities of Parcel B comprising Yegunda, Abomiti and International Airport site of the Lekki Free Trade Zone (LFTZ).
This was announced by the State’s Commissioner for Commerce, Industry and Cooperatives, Prince Rotimi Ogunleye at a media briefing held at the Bagauda Kaltho Press Centre in Alausa.
Ogunleye said the state government had been engaging with the communities since 2004, and Governor Ambode believes the host communities should be duly compensated hence the gesture.
He said the government is working on ensuring a hitch-free payment of the approved N740 million, adding that the payment would be effected with immediate effect.
Speaking further Ogunleye said N65 million had already been paid early this year to land owners affected by the ongoing Dangote projects which included petrochemical plant, gas project, fertilizer and refinery project capable of refining 650, 000 barrels of oil per day.
“Let me reiterate once again, the commitment of this administration to Community Social Responsibility (CSR) and its readiness to continue to heed the yearnings of our people in the areas covered by the LFTZ and its complementary projects. I also need to assure both local and foreign investors that all our projects in the corridor are fully on course and as an administration, we are fully committed to them.
“At this time of economic downturn, our State as the nation and Sub Saharan economic hub is providing this investment platform with huge potentials as the best destination for direct investment. We are providing appropriate road infrastructure to ease the operations of investors in the zone and we will continue to sustain the friendly operating environment that now subsists,” Ogunleye said.
