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Nigeria: InfraCo to Begin Talks on Expansion of Lekki-Epe Road Infrastructure, Emefiele Says

By Derrick Bangura
Mr. Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN), has promised to work with the Infrastructure Corporation of Nigeria Limited (InfraCo), relevant federal and state government agencies, as well as the private sector, to develop road infrastructure in the Lagos Free Zone to support the growing industrial activities along the Lekki-Epe axis.
He said this became expedient given the growth of industries in and around the Free Trade Zone, notably, Dangote Refineries and Tolaram Group, which have attracted economic activities and created heavy traffic in the area.
Emefiele spoke on Sunday, during a tour of Tolaram Group’s industries, which occupied 850,000 acres of land with industrial investment pegged at $2.1 billion within the Lagos Free Zone.
According to him, InfraCo, in aiding the road construction, would decongest the environs of the Lagos Free Zone with the active collaboration with the federal and Lagos State governments.
Specifically, he said the commencement of the Lagos Free Zone will help overcome the Apapa-Tincan Island port congestion.
Emefiele also said that the apex bank would partner the federal and state governments to see how InfraCo could ensure cargo evacuation from the port area, describing it as a big issue.
He said the CBN had raised about N23 billion to fund road infrastructure, to facilitate smooth evacuation of cargo out of the port.
“The entire idea is that with this Lagos Free Zone Port, we should be able to see a total decongestion of Apapa and Tin Can Island Port purely from the standpoint that it would take the traffic away from Apapa.
“And we are also afraid that with the single road that we have, which is the Lagos-Epe-Lekki road, which is already congested with traffic, the situation is going to worsen, even with Dangote Refinery. Yes, it is something that we are seeing and I, coming here today and I’ve been to Dangote Refinery several times and I know how long it takes to drive by road.
“So, what I’m trying to say is that we have realised the problem. InfraCo, luckily, is chaired by the CBN; the InfraCo board has been formally constituted; there is a CEO in InfraCo and as soon as we leave this meeting, I will be calling on InfraCo to begin the engagement. I will also be involved in engaging the Lagos state government, as well as the federal government through the Federal Ministry of Works to see what can be done on evacuating out of Lagos, but also how we decongest the traffic for people living around this axis.
“I want to give assurance that this is something that would be dealt with. This would be middle to a long-term plan,” he said.
The CBN governor encouraged entrepreneurs and business owners to key into apex bank’s various interventions, stating that the CBN was keen on promoting industrialisation with long-term single-digit loans.
“For any entrepreneur that wishes to do business in Nigeria we will provide both Naira funding and will always advise that particularly if your revenue stream is in naira, I will not advise taking dollar loans. Take cheap Naira loans at single-digit interest rates with two years moratorium. I don’t think that you would ever find this again. I always encourage people to take advantage of it because it’s available as we want to drive industrialisation in Nigeria and get a manufacturing business back alive again.
“We would support not only the Tolaram Group or the Dangote’s or the BUAs; once you mean well and you want to do business in Nigeria, we would give you all the support you need,” he explained.
Emefiele noted that the Tolaram Group had made immediate plans to evacuate their products through the port to Ikorodu, Festac, and Warri to trucks, which for the immediate time don’t have road congestion impact. According to him, road expansion is a much-needed investment that would also aid export.
He said: “We are happy that this port infrastructure is here, it would have to deal with our problem of ease of doing business. Part of our problems about ease of doing business or in this case, ease of export, is that we find Nigerians want to export, they can export their goods out of Lagos Tin Can or Lagos Apapa port. People prefer to drive by road to transport their products and goods to neighbouring countries and ship them out of those countries and the implication is that Nigeria loses the benefit of being called exported from Nigeria.”
“I believe with this port and we are going to be engaging them, I’m happy the Customs and the Nigerian Ports Authority are involved; we would seek to also work with the Lagos Free Zone by having a dedicated export desk that would make it easy for goods to be exported out of this port. That is a very essential thing that we need to deal with because again, talking in a very selfish mode, we need foreign exchange. If we export, we earn foreign exchange, and I am going to start working with them to ensure that we designate the Lagos Free Zone as an export zone,” he added.
On how much CBN has supported the group, Emefiele said: “Certainly, over N100 billion has gone from CBN intervention under CRR or through agriculture credit route to the Tolaram Group. Don’t forget that this project is about $2 billion, which is about N1 trillion, and N100 billion is just 10 per cent. So, we have sowed a seed as well. At least N1 trillion has gone into this project and we have done about N100 billion, which is just around 10 per cent,” he stated.
The CBN governor further said that the bank would ensure it did everything possible to make the environment friendly for companies and businesses to thrive.
“So, we’re looking into how to make sure that the policy regulations are reviewed; we have our concerns about how free trade zones operate either tax exemptions or duty free exemptions and the rest of them.
“We would like to work with you to see how we would create a clear demarcation that separates companies that operate as free trade zones or operating in free trade zone from those that will not operate as free trade zone.
“Whereas you will also find that a company may want to operate as a free trade zone and at the same time operate the other way. So, we need to demarcate how this will work, such that it will not result in loss of revenue,” he said.
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Noble Ladies Champion Women’s Financial Independence at Grand Inauguration in Abuja

Women from diverse backgrounds across Nigeria and beyond gathered at the Art and Culture Auditorium, Abuja, for the inauguration and convention of the Noble Ladies Association. The event, led by the association’s Founder and “visionary and polished Queen Mother,” Mrs. Margaret Chigozie Mkpuma, was a colourful display of feminine elegance, empowerment, and ambition.
The highly anticipated gathering, attended by over 700 members and counting, reflected the association’s mission to help women realise their potential while shifting mindsets away from dependency and over-glamorization of the ‘white collar job.’ According to the group, progress can be better achieved through innovation and creativity. “When a woman is able to earn and blossom on her own she has no reason to look at herself as a second fiddle,” the association stated.
One of the association’s standout initiatives is its women-only investment platform, which currently offers a minimum entry of ₦100,000 with a return of ₦130,000 over 30 days—an interest rate of 30 percent. Some members invest as much as ₦1 million, enjoying the same return rate. Mrs. Mkpuma explained that the scheme focuses on women because “women bear the greater brunt of poverty” and the platform seeks “to offer equity in the absence of economic equality.”
Education is also central to the Noble Ladies’ mission, regardless of age. Their mantra, “start again from where you stopped,” encourages women to return to school or upgrade their skills at any stage in life. The association believes that financial stability is vital in protecting women from cultural practices that dispossess widows of their late husbands’ assets, while also enabling them to raise morally and socially grounded families.
Founded on the vision of enhancing women’s skills and achieving financial stability, the association rests on a value system that discourages pity and promotes purpose. “You have a purpose and you build on that purpose to achieve great potentials and emancipation,” Mrs. Mkpuma said.
A criminologist by training and entrepreneur by practice, she cautions against idleness while waiting for formal employment. “There are billions in the informal and non-formal sectors waiting to be made,” she said, rejecting the “new normal of begging” and urging people to “be more introspective to find their purpose in life and hold on to it.”
Mrs. Mkpuma’s management style keeps members actively engaged, focusing on vocational skills and training to prepare them for competitive markets. She is exploring “innovative integration of uncommon technologies” and is already in talks with international franchises to invest in Nigeria, with Noble Ladies as first beneficiaries.
The association’s core values include mutual respect, innovation, forward-thinking, equal opportunity, and financial emancipation. With plans underway to establish a secretariat in the heart of Abuja, the group aims to expand its impact.
The event drew high-profile guests, including former Inspector General of Police, Mike Okiro, and a host of VIPs, marking a significant milestone in the association’s drive for women’s empowerment.
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NEPZA, FCT agree to create world-class FTZ environment

The Nigeria Export Processing Zones Authority (NEPZA) has stepped in to resolve the dispute between the Federal Capital Territory Administration and the Abuja Technology Village (ATV), a licensed Free Trade Zone, over the potential revocation of the zone’s land title.
Dr. Olufemi Ogunyemi, the Managing Director of NEPZA, urged ATV operators and investors to withdraw the lawsuit filed against the FCT administration immediately to facilitate a roundtable negotiation.
Dr. Ogunyemi delivered the charge during a courtesy visit to the Minister of the Federal Capital Territory, Barrister Nyesom Wike, on Thursday in Abuja.
You will recall that the ATV operators responded to the revocation notice issued by the FCT administration with a lawsuit.
Dr. Ogunyemi stated that the continued support for the growth of the Free Trade Zones Scheme would benefit the nation’s economy and the FCT’s development, emphasizing that the FCT administration recognized the scheme’s potential to accelerate industrialisation.
Dr. Ogunyemi, also the Chief Executive Officer of NEPZA, expressed his delight at the steps taken by the FCT minister to expand the economic frontier of the FCT through the proposed Abuja City Walk (ACW) project.
Dr. Ogunyemi further explained that the Authority was preparing to assess all the 63 licensed Free Trade Zones across the country with the view to vetting their functionality and contributions to the nation’s Foreign Direct Investment and export drives.
“I have come to discuss with His Excellency, the Minister of the Federal Capital Territory on the importance of supporting the ATV to succeed while also promoting the development of the Abuja City Walk project. We must work together to achieve this for the good of our nation,” he said.
On his part, the FCT Minister reiterated his unflinching determination to work towards President Bola Ahmed Tinubu’s Renewed Hope Agenda by bringing FDI to the FCT.
“We must fulfil Mr. President’s promises regarding industrialization, trade, and investment. In this context, the FCT will collaborate with NEPZA to review the future of ATV, a zone that was sponsored and supported by the FCT administration,” Wike said.
Barrister Wike also said that efforts were underway to fast-track the industrialisation process of the territory with the construction of the Abuja City Walk.
The minister further said the Abuja City Walk project was planned to cover over 200 hectares in the Abuja Technology Village corridor along Airport Road.
According to him, the business ecosystem aimed to create a lively, mixed-use urban center with residential, commercial, retail, hospitality, medical, and institutional facilities.
He added that the ACW would turn out to be a high-definition and world-class project that would give this administration’s Renewed Hope Agenda true meaning in the North-Central Region of the country.
Barrister Wike also indicated his continued pursuit of land and property owners who failed to fulfil their obligations to the FCT in his determination to develop the territory.
Headlines
Benue IDPs block highway, demand return to ancestral homes

Vehicular movement along the Yelwata axis of the Benue–Nasarawa highway was brought to a standstill on Wednesday as Internally Displaced Persons, IDPs, staged a protest, demanding immediate return to their ancestral homes.
The protesters, believed to be victims of persistent attacks by suspected herdsmen, blocked both lanes of the busy highway for several hours, chanting “We want to go back home”.
The protest caused disruption, leaving hundreds of motorists and passengers stranded.
Eyewitnesses said the displaced persons, many of whom have spent years in overcrowded IDP camps, are expressing deep frustration over the government’s delay in restoring security to their communities.
“We have suffered enough. We want to return to our homes and farms,” one of the protesters told reporters at the scene.
Security personnel were reportedly deployed to monitor the situation and prevent any escalation, though tensions remained high as of press time.
Efforts to reach the Benue State Emergency Management Agency, SEMA, and other relevant authorities for comment were unsuccessful.
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