19 Jan, 2026
1 min read

FG Secures $747m Loan For Lagos-Calabar Coastal Highway

The Federal Government has secured a $747 million loan to finance the coastal highway that will eventually link Lagos State to Calabar. A Reuters report quoting the Finance Ministry said the syndicated loan led by Deutsche Bank is to finance the construction of the first phase of the 700-km (435-mile) project. Finance ministry spokesperson Mohammad […]