News
Lagos State Govt Loses N234m To The Closure Of Tollgates
According to Punch, the Lagos State Government has lost at least N234m to the closure of tollgates as the #EndSARS protests on the Island enters its 9th day.
However, the state has continued to generate money from adverts at the toll plazas.
The figure was gotten from the daily and monthly targets set for the tollgates by the government, which owns the tollgates, which are being managed by the Lekki Concession Company.
According to a Lagos State commissioner who wishes to remain anonymous, the Lekki-Ikoyi Link Bridge generates about N10m daily, while the Admiralty Circle Plaza along the Lekki-Epe Expressway generates less than N16.6m a day.
The commissioner said the Lekki-Ikoyi Link Bridge was not expected to generate less than N300m monthly, while the Admiralty Circle Plaza generates about N500m monthly.
“At least 80,000 cars use the tollgates every day. The figure could be higher or lower depending on the day of the week. However, since the protests started, the Lekki tollgate has been completely shut, while the Ikoyi one has been left permanently open for people to use without payment,” he said.
Sport Utility Vehicles pay N250 at the Admiralty Toll Plaza, while saloon cars pay N200. At the Ikoyi-Link Bridge, toll for SUVs, mini vans and light trucks is N400.
Heavy duty trucks/buses with two or more heavy axles pay N1,000 at the Admiralty Circle Plaza on the Lekki-Epe Expressway, according to the LCC.
