$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

  • Romania’s €7.6 billion transport infrastructure boost
    September 11, 2024
    Romania is investing €7.6 billion in developing its transport infrastructure.
    Read More
  • Vietnam's key coastal highway
    February 7, 2012
    A major new highway project is starting shortly in Vietnam, which will improve the country's links with its neighbours. The US$440 million project is for a 220km highway in the Mekong Delta and will eventually form part of a 1,000km road connecting Vietnam with Cambodia and Thailand.
    Read More
  • Boom in Asian infrastructure investment
    April 5, 2012
    Investment in China and India continues unabated, but other nations on the continent are eager to attract companies as Patrick Smith reports Asia is still booming despite the current economic crisis, and new infrastructure programmes are constantly coming on stream. Powerhouses China and India, with their double-digit growth figures and huge infrastructure plans (in scope and cost), are leading the way and are still magnets for businesses wishing to expand, both in terms of facilities and customers. But oth
    Read More
  • Planning works start for a second Niger Bridge
    August 17, 2012
    The Federal Government of Nigeria gave the go-ahead for work to start on the planning and design of a new Niger bridge. The country’s leaders have approved a US$2 million (Nigerian Naira N325 million) “transactional advisory services” contract to assess how to design and build, finance and operate a “Second Niger Bridge.” Contractor Roughton International Limited has been given 16 months to come back with a detailed schedule of how to progress.
    Read More

Highlighted Content