The Lagos State Commissioner for information, Gbenga Omotosho, has hinted that the Lekki Concession Company Limited is to resume operations at the lekki tollgate for the first time since the #EndSars protest.
18months after the LCC suspended its activities at the Lekki tollgate, Lagos State, the company will likely resume operations on the 1st of April with a debt of N24.52bn. A breakdown of the loan the LCC has acquired over the years shows that the company owed N11.6bn to local investors and $31.1m to foreign investors.
Background To The Story
The Lekki Tollgate, a collection toll, became famous during the #EndSars as the point members of the Nigerian Army shot at unarmed EndSars protesters on the 20th October 2020. EndSars protest was a protest by Nigerians across the country to call the Nigerian government’s attention to repeated reports of misconduct, misuse of power and intimidation by members of the Nigerian Police Force. The Lekki Concession Company, LCC, evacuated the toll point following the destruction of property that occurred at the toll point that night.
Reports say that Lekki toll gate generates about N10m daily, while the Lekki toll plaza generates at least N16.6m a day as about 80,000 cars ply that route. LCC charges cars, commercial buses and luxury buses and trucks N200, N150 and 500 respectively, while private buses and SUVs pay N300 per trip.