Lagos can’t fund Fourth Mainland Bridge alone, says Hamzat

Lagos Deputy Governor and APC governorship candidate, Obafemi Hamzat, has reiterated the state government's determination to build the Fourth Mainland Bridge, but emphasized that the project will be funded through a public-private partnership (PPP). Speaking on Lagos Television, Hamzat stated that the state could not finance the bridge and major rail projects simultaneously, highlighting the scale of these endeavors.

He mentioned that discussions were underway with potential investors from Portugal, China, and other locations. Hamzat assured that the project, once designed and its cost assessed, would be supported by private-sector professionals. He stressed the importance of partnerships and the government's reluctance to incur excessive debt, preferring a PPP model to manage the project's high financial demands.

Tolls were identified as crucial for attracting investors, as they would ensure revenue generation and return on investment. Hamzat acknowledged investors' concerns about toll payments and was actively addressing these to demonstrate the project's viability and the need for infrastructure improvements in Lagos.