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EndSARS: N2.5bn lost in 95 days - Lekki tollgate closure

The Lagos State Government has lost at least N2.5bn in projected revenue due to the closure of the Lekki toll plaza and the Ikoyi Link Bridge toll plaza in the last 95 days, The PUNCH has learnt.

 

The figure was obtained from the daily and monthly targets set for the tollgates by the Lagos State Government, which owns the tollgates but is being managed by the Lekki Concession Company.

 

The Lekki-Ikoyi Link Bridge is expected to generate about N10m daily, while the Lekki toll plaza is not expected to generate less than N16.6m a day.

 

This implies that the Lekki-Ikoyi Link Bridge has lost N950m, while the Lekki toll plaza has lost N1.5bn.

 

This newspaper reported on October 19, 2020 that N234m was lost during the closure of the tollgates in the first nine days of the #EndSARS protest against police brutality.

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