The state Commissioner for Information and Strategy, Mr. Gbenga Omotoso in a meeting with other state officials and key representatives of the Lekki and Ikoyi residents, called for understanding following the reopening of the Lekki-Ikoyi Link Bridge Toll Plaza by the Lekki Concession Company Limited (LCC).
Current situation
The Lekki Concession Company Limited (LCC) having completed the rehabilitation of the toll point following the destruction of its properties during the EndSars protest, is set to resume tolling operations at the Lekki-Ikoyi Link Bridge Toll Plaza in April. Residents of Lagos have kicked against the reopening for lack of justice to victims of the EndSars protest and for the financial implication of tolling on the residents.
What they are saying
The Managing Director/CEO of Lekki Concession Company Limited (LCC), Mr. Yomi Omomuwasan said the reopening would enable the LCC to service its debts both local and international while also attending to the needs of its workers.
- Mr. Omomuwasan added the LCC is introducing new technologies to ensure fast and easy tolling at the toll points.
- Some residents voiced their concerns on the financial implications tolling would have on them based on the harsh economic situation in Nigeria.
The Big Picture
LCC says its staff of about 500 people have been idle in the 18 months of its suspended activities. In that time, the company struggled to keep some of its workers on half salaries, while others received nothing, regardless the company’s debt is set at N24.52bn.
- Resuming operations would better the company’s financial situation as reports projected the LCC earnings at the Lekki toll gate to be about N10m daily, while the Lekki toll plaza generates at least N16.6m a day as about 80,000 cars ply that route.