The Lagos State Government generates a whopping N800 million monthly from the Lekki-Ikoyi and Admiralty Circle Plaza along the Lekki-Epe Expressway Link Bridges.
The figure was obtained 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.
Lekki-Ikoyi Link Bridge was expected to generate about N10m daily, while the Admiralty Circle Plaza along the Lekki-Epe Expressway was not expected to generate less than N16.6m a day, a Lagos Commissioner who remained anonymous told the Punch.
By implication, Lekki-Ikoyi Link Bridge generates 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.
According to the LCC, 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.
For the past 9 days LCC has not been able to generate any fund from the link bridges for the State due to the ongoing Ends SARS Campaign. However, money is being generated from adverts at the toll plazas.