11 Sep, 2025
3 mins read

FG Gets $747m Boost for Lagos-Calabar Coastal Road

The Federal Government has secured a $747 million syndicated loan to finance Phase 1, Section 1 of the Lagos-Calabar Coastal Highway project. The strategic section spans from Victoria Island to Eleko Village and is already over 70% complete, according to the Ministry of Finance. The facility, coordinated by global banking giant Deutsche Bank, marks Nigeria’s […]