Five Nigerian states in 'quiet' push for foreign funds in Johannesburg

Wed Nov 13th, 2019 - Abia

President of the African Development Bank, Dr Akinwunmi Adesina (left); and Governor of Abia state, Dr Okezie Ikpeazu…at the African Investment Forum (AIF) in Johannesburg on Wednesday, November 13, 2019

• Hope rises for Lagos’ $280m cable car project
• Kwara, Abia, Cross River in fresh high-profile talks
• US renews investment drive with $60b
• Abia gets two new deals

At least five state governors are currently making quiet moves to secure funding for some of their capital projects as the African Development Bank (AfDB) assembled direct foreign investors in Johannesburg this week.

The states are Kwara, Cross River, Abia, Ekiti and Lagos, which remotely came into the picture through its $280 million cable car project.

The ‘sky car’ project will span 12 kilometres from Ijora, Iddo and Apapa; to Lagos Island (Adeniji Adele, Obalende), Falomo and Victoria Island.

Capt. Dapo Olumide, the chief executive officer of Ropeways Transport, promoters of the Lagos ‘cable car’ project, told The Guardian there are clear signs the project would come to light within the next four years.




source: Guardian