News

Lagos Govt Set To Construct New Airport In Lekki

Published

4 years ago

October 8, 2022

Editor

The Lagos State Government has said it is ready to construct another airport in the state.

Until now, the domestic and international wings of the Murtala Muhammed airports have served over five million people.

The new airport will be situated along the busy Lekki-Epe axis on the ‘Island’ section.

Jubril Gawat, who is the Senior Special Assistant (SSA) to Governor Babajide Sanwo-Olu on New media, confirmed this on Friday in a series of tweets.

Quoting Ope George, Special Adviser to Sanwo-Olu on public private partnerships (PPPs), Gawat said the project is expected to begin in 2023 and would be constructed on a 3,500 hectares of land.

Gawat noted that the “Sanwo-Olu-led government has sought and obtained approval from the federal government for the construction of the new airport in Lagos.

“The project is expected to take off in the year 2023, it will be constructed on 3,500 hectares of land, master plan and aeronautical designs are in place; while studies are ongoing about strategies, funding and other issues, after which the project will be taken to the marketplace.

“The special adviser also stated that the airport, which is expected to cater to a minimum of five million people yearly, will be constructed in partnership with local and foreign investors.”

Kwami Adadevoh, a lawyer and business owner told DAILY POST: “It is overdue. Long, long overdue.

“Lagos doesn’t get enough air traffic for a city of its economic importance and that’s because the present airport is too small.”

Popular film maker and frequent flier, Imoh Umoren, agrees with Adadevoh.

“I think the new airport will be a good idea.

“To handle the growing travel population and with the industrialization of the Epe area, it will be easier for people to fly in the equipment and personnel close to the industries,” Umoren said.

Is it possible there are downsides to a new airport in the ever busy area of Lagos State?

“I don’t see the downside yet but there could possibly be decreased revenue for the other airport,” Umoren added.

Adadevoh, however, noted that it “could cause vehicular traffic if the second access road into the Lekki peninsula is not finished on time.”

Many people have argued that Sanwo-Olu should be completing other projects or clearing up other issues in the State instead of building a new airport.

Umoren said, “Decongesting Apapa. There has to be a permanent solution to that.

“But then the airport is viable economically.”

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

3 hours ago

May 6, 2026

Editor

Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.

Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.

La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.

The 24-year-old has two years left on his contract with the Serie A club.

The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.

He has been a regular feature for Lazio this season.

News

Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

Published

3 hours ago

May 6, 2026

Editor

The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

“This contradiction will no longer be tolerated,” the statement said.

News

N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

Published

5 hours ago

May 6, 2026

Editor

First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.

The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.

At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.

Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.

Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.

“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.

“Women-led enterprises are critical to economic activity, yet they face structural barriers.

This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”

“Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).

“By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”

Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.

Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.

Applications for the zero-interest loan are now open.Apply now.