ECOWAS Bank Approves $100 Million for Lagos to Calabar Coastal Highway

The ECOWAS Bank for Investment and Development has approved a $100 million loan to support the first phase of the Lagos to Calabar Coastal Highway. This funding will go toward constructing a 47.7-kilometre section of the highway in Lagos, known as Section 1, Phase 1. Construction began in March 2024 and is being handled by a local company.

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