Nigeria, Feb. 16 -- The Lekki Concession Company (LCC) said the company needs to reopen the Lekki Tollgate to be able to retain its staff and pay pending debts.

Yomi Omomuwasan, the LCC manager, said this at a press conference in Lagos on Monday.

Mr Omomuwasan said the company was owing debts in local and international banks to the tune of N11.5 billion and $31 million respectively as of 2020.

"As at 2011, we had a balance of about 24 billion in naira owed to local banks and 49 million dollar owed to an international development bank," said Mr Omomuwasan.

"Through the operation of the toll progressively, payments are being made. It is on record, the company borrowed money and we keep mentioning areas where people can verify. They are ...