$100 million for Nigeria’s coastal highway

A $100 million funding package is destined for Nigeria’s coastal highway.
By MJ Woof July 15, 2025 Read time: 1 min
Nigeria’s new coastal highway project will improve transport from the country’s financial centre, Lagos to the east of the country – image courtesy of © Joshua Wanyama| Dreamstime.com


A funding package worth $100 million is being provided by the ECOWAS Bank for Investment and Development (EBID) for Nigeria’s coastal highway project. The highway will provide an improved transport link between Lagos in the South-West of the country and Calabar in Nigeria’s South-East.

The two cities are 570km apart by road in the south of the country and at present, the journey between them takes around 12 hours. However, the new highway will cut the journey time and boost capacity on the route. 

Lagos is close to Nigeria’s border with Benin while Calabar is close to the country’s border with Cameroon. This new highway project will also boost Nigeria’s international transport, especially with the development of the new route connecting Lagos with Ivory Coast’s capital Abidjan, as well as improvements to major highways in Cameroon.

The coastal highway project is expected to cost up to $10 billion in total to complete. 
 


 

Finance & Funding

For more information on companies in this article

Related Content

  • $17 billion Turkey-Iraq road rail link
    July 10, 2025
    The $17 billion Turkey-Iraq road rail link will provide an economic boost.
    Read More
  • Burundi’s bridge lifeline project
    April 23, 2025
    Burundi’s new road bridge project will provide a key lifeline.
    Read More
  • Major new highway links planned for Nigeria
    July 26, 2013
    Work in Nigeria will start on upgrading the Keffi-Lafia road in Nigeria to a dual carriageway status along its route. The US$1.8 billion project will run through Benue State capital Makurdi to Enugu, the capital of Enugu State and will be constructed by Chinese contractors. The route is of major importance to Nigeria and carries a heavy traffic volume at present. Constructing the dual carriageway will pose challenges given the topography at various sections of the route. Also in Nigeria, Chinese funding wil
    Read More
  • Sri Lanka's new highway - on track
    February 14, 2012
    Work is progressing on-track on Sri Lanka's Southern Expressway project. This will be the country's first expressway and is expected to be completed by 2012, removing the bulk of traffic from the existing coastal road that is highly congested and also has serious safety issues.
    Read More

Highlighted Content