By Onilede Titi Faith
The ECOWAS Bank for Investment and Development (EBID), has approved $100 million to support the construction of Nigeria’s Lagos-Calabar Coastal Highway, a major infrastructure project aimed at boosting regional integration and economic growth.
Announced this week, the funding is part of EBID’s broader commitment to advancing key infrastructure across West Africa.
The highway, designed to link Lagos in the southwest to Calabar in the southeast, will traverse several coastal states and economic hubs, improving mobility and reducing travel time for millions.
In a statement, the bank emphasized that the highway will enhance regional trade and connectivity under the African Continental Free Trade Area (AfCFTA), while supporting Nigeria’s economic development agenda.
The $100 million package will fund critical components such as roadworks, bridges, and other essential infrastructure, ensuring compliance with international standards.
Nigerian government officials welcomed the development, describing it as a strong endorsement of the project’s viability.
The Minister of Works reiterated the federal government’s commitment to timely completion and to ensuring the highway delivers long-term value to citizens and businesses.
Construction is already underway on parts of the project, while other sections are in the procurement phase.
The Lagos-Calabar Coastal Highway is expected to create thousands of jobs and unlock economic opportunities along its route.
