Lagos Free Trade Zone: More communities to receive compensations

Governor Ambode, Lagos State

By Tunji Faleye
(Lagos, Nigeria) Lagos State Governor, Akinwunmi Ambode promised on Thursday that more communities would receive compensations for forfeiting their lands to Lagos Free Trade Zone project.

Speaking after he 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), the governor stated that the communities involved will be compensated in due course at the end of ongoing verification and valuation exercise.

It will also be recalled that the host communities of the 3,000 hectares of land housing the LFTZ Development Agency, a company jointly owned by the State Government and a consortium of Chinese investors, were heavily compensated.

Similarly, the sum of N65 million was 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.

All these gesture, according to the State’s Commissioner for Commerce, Industry and Cooperatives, Prince Rotimi Ogunleye who announced the governor’s approval at a media briefing held at the Bagauda Kaltho Press Centre in Alausa, is in line with the commitment of the Ambode administration to engender sustainable cordial relationship between the host communities and investors in the LFTZ.

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