{"id":69660,"date":"2025-07-04T10:48:57","date_gmt":"2025-07-04T10:48:57","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=69660"},"modified":"2025-07-04T10:48:57","modified_gmt":"2025-07-04T10:48:57","slug":"ecowas-bank-approves-100m-for-lagos-calabar-coastal-highway","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/07\/04\/ecowas-bank-approves-100m-for-lagos-calabar-coastal-highway\/","title":{"rendered":"ECOWAS Bank Approves $100m for Lagos-Calabar Coastal Highway"},"content":{"rendered":"<p><strong>By Onilede Titi Faith<\/strong><\/p>\n<p>The ECOWAS Bank for Investment and Development (EBID), has approved $100 million to support the construction of Nigeria\u2019s Lagos-Calabar Coastal Highway, a major infrastructure project aimed at boosting regional integration and economic growth.<\/p>\n<p>Announced this week, the funding is part of EBID\u2019s broader commitment to advancing key infrastructure across West Africa.<\/p>\n<p>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.<\/p>\n<p>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\u2019s economic development agenda.<\/p>\n<p>The $100 million package will fund critical components such as roadworks, bridges, and other essential infrastructure, ensuring compliance with international standards.<\/p>\n<p>Nigerian government officials welcomed the development, describing it as a strong endorsement of the project\u2019s viability.<\/p>\n<p>The Minister of Works reiterated the federal government\u2019s commitment to timely completion and to ensuring the highway delivers long-term value to citizens and businesses.<\/p>\n<p>Construction is already underway on parts of the project, while other sections are in the procurement phase.<\/p>\n<p>The Lagos-Calabar Coastal Highway is expected to create thousands of jobs and unlock economic opportunities along its route.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Onilede Titi Faith The ECOWAS Bank for Investment and Development (EBID), has approved $100 million to support the construction of Nigeria\u2019s 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\u2019s broader commitment to advancing key infrastructure across West Africa. [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":69661,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173,172],"tags":[59],"class_list":["post-69660","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news","tag-featured"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/69660","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=69660"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/69660\/revisions"}],"predecessor-version":[{"id":69662,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/69660\/revisions\/69662"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/69661"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=69660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=69660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=69660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}