See how much ECOWAS gave President Tinubu for Lagos-Calabar highway project

4 hours ago 5
  • The national authorities of Nigeria initiated the Lagos-Calabar Coastal Highway task successful 2024
  • The task is expected to link respective states and cities on the corridor, and has already gulped billions of naira
  • The ECOWAS Bank of Industry and Development has fixed the task a further boost with other funding

Ruth Okwumbu-Imafidon, a writer with Legit.ng, has implicit a decennary of acquisition successful business reporting crossed integer and mainstream media.

The national government’s Lagos-Calabar Coastal Highway operation task has received a large backing boost from the Economic Community of West African Countries (ECOWAS).

The ECOWAS Bank for Investment and Development (EBID)approved a backing of $100 cardinal for the project, arsenic portion of a broader financing package.

The support came during the EBID 92nd mean league gathering held connected 30 June 2025.

ECOWAS supports President Tinubu's Lagos-Calabar Highway task  with $100 millionThe ECOWAS Bank of Industry and Development is making investments to enactment sustainable improvement passim the region. Photo credit: ECOWAS
Source: Twitter

The connection connected the ECOWAS website reveals that the committee of directors approved €174 cardinal and $125 cardinal to respective projects expected to boost economical maturation and concern improvement crossed West Africa.

The work connected the website read:

“A USD 100 cardinal Lagos-Calabar coastal motorway project, successful the Federal Republic of Nigeria.“This project, which spans 47.7 km, volition nexus 9 Nigerian states, amended entree to seaports and isolated agro-industrial areas, and lend to the emergence of a determination worth concatenation to assistance coastal communities.”

With the latest concern approvals, EBID’s commitments successful West Africa are northbound of $5 billion.

Lagos-Calabar Coastal Highway project

The task was initiated nether the existent medication of President Bola Tinubu, and operation was awarded to Hitech Construction Company Limited.

The existent operation was reported to person started successful March 2024 and immoderate demolitions were carried retired successful the area.

The Minister of Works, David Umahi, said the national authorities would wage N2.75 cardinal arsenic compensation to spot owners affected by the demolition.

He besides promised that much compensation would beryllium paid to spot owners on the coastal corridor.

The task is expected to devour N15.6 trillion, a determination that erstwhile President Olusegun Obasanjo described arsenic wasteful and corrupt.

Other projects that received ECOWAS backing

The ECOWAS Bank for Investment and Development (EBID) besides approved funds for respective different projects successful West Africa.

According to The Cable news, they include:

  • €50 cardinal for the operation and equipping of six method and vocational grooming centres successful Togo, to beryllium executed by Planet One.
  • $25 cardinal to enactment Société de Ciment de Côte d’Ivoire successful importing 400,000 tonnes of clinker.
  • €28.9 cardinal to modernise and bring up to modular 4 (4) cultivation precocious schools successful the Republic of Guinea.
  • €95.163 cardinal to physique 3 hydroelectric micro-power stations (30 MW) with SOGEOH astatine Poukou, Bolokoun, and Biwbaw successful the Republic of Guinea.

The slope connection confirmed that the projects align with the United Nations' Sustainable Development Goals (SDGs) 4, 7, and 9, and volition besides lend to promoting sustainable improvement crossed the region.

ECOWAS Bank gives FG $100 cardinal  to boost completion of Lagos-Calabar Highway projectThe Lagos authorities authorities has suspended spot approvals on the corridor for the involvement of the project. Photo credit: LASG
Source: Twitter

Lagos Govt Suspends Approvals on Lagos-Calabar Coastal Road

In related news, the Lagos State Government has suspended readying approvals on the Lagos-Calabar Coastal Road.

This is owed to its disruption of ongoing municipality improvement plans successful the area, and the interaction of the task connected the Ode-Omi Action Area Plan, and Ibeju-Lekki Model City Plan.

Legit.ng reports that the Lagos State Physical Planning Permit Authority (LASPPPA) is enforcing the suspension.

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Source: Legit.ng

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