Portfolio

Lagos – Ibadan Expressway (LIE)

Project Details

Sector

Motorways

Participants

NSIA
FGN
Recovered Assets

Commencement Date

11th September 2013

States
Lagos
Oyo
Ogun

The LIE is a 127.6 km-long expressway cutting through Lagos, Ogun, and Oyo States. It is widely regarded as the busiest interstate road in the country and the major connection route between the northern, southern, and eastern parts of Nigeria. The LIE is divided into 2 sections.

Section I

  • This section is 43.6km long and cuts across Lagos to Shagamu. It involves the rehabilitation, reconstruction, and extension of 43.6km dual carriageway, being constructed by Julius Berger Nigeria Plc (JBN).
  • The project has attained 88% completion on this section as of the third quarter (Q3) of 2022.

Section II

  • This section is 84km long and cuts across Shagamu to Ibadan. It involves the rehabilitation, reconstruction, and extension of an 84km dual carriageway, being constructed by Reynolds Construction Company Nigeria Ltd (RCC).
  • The project has attained 77% completion on this section as of the third quarter (Q3) of 2022. 
  • The project is expected to enhance regional and infrastructure development in Lagos, Ogun and Oyo States through the development and commercialization of the Lagos-Shagamu-Ibadan corridor, boost economic activity and reduce travel time as well as improve health and safety along the route. The project has the potential to yield between 36,000 to 82,000 direct and indirect jobs.

PARTNERS

How the fund is invested

₦311.4bn

Project Cost / Size:

N/A

NSIA’s interest:

N/A

Funding structure

15

Investment areas

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