Funding secured for Nigerian infrastructure projects

Funding worth US$1.3 billion has been secured to pay for five key Nigerian infrastructure projects. The funding is being provided by the Nigerian Government, with the current administration pledging to complete its planned development programme. Road links covered under this funding allocation include work to upgrade the Lagos-Ibadan Expressway, the Abuja – Kano Expressway, the East – West Road and the Second Niger Bridge. The other major infrastructure project included in this tranche meanwhile is for the
September 6, 2018 Read time: 1 min

Funding worth US$1.3 billion has been secured to pay for five key Nigerian infrastructure projects. The funding is being provided by the Nigerian Government, with the current administration pledging to complete its planned development programme. Road links covered under this funding allocation include work to upgrade the Lagos-Ibadan Expressway, the Abuja – Kano Expressway, the East – West Road and the Second Niger Bridge. The other major infrastructure project included in this tranche meanwhile is for the Mambilla Hydropower development. Works to the Oyo – Ogbomosho and Enugu – Port Harcourt road links are already ongoing.

Finance & Funding

Related Content

  • Challenges and investment opportunities in East Africa transport infrastructure Sector
    November 21, 2014
    East Africa offers considerable potential for transport infrastructure expansion and investment - Shem Oirere reports Infrastructure, infrastructure and more infrastructure is what is needed to make East Africa the favoured destination and Kenya, Tanzania, Uganda and Rwanda have unveiled grand plans to enhance the infrastructure both nationally and regionally.” This is how market analyst Deloitte introduced its 2014/15 budget analysis for the four countries in July.
    Read More
  • Work planned for key Nigerian highway links
    October 22, 2014
    In Nigeria plans are in hand for the rebuilding of two key connections, the Lagos-Badagry Expressway and the Oshodi-Apapa Expressway. Contractor Julius Berger is carrying out the work on the Oshodi-Apapa Expressway and this should be complete before the end of 2014. Meanwhile Lagos State looks set to handle the widening and improvement work required for the Lagos-Badagry Expressway project. At the moment the Lagos-Badagry Expressway features two lanes in either direction, however this is proving unable to c
    Read More
  • Bolivian project moving forward
    February 24, 2012
    Bolivia's 306km Villa Tunari-San Ignacio de Moxos road is due for completion in 2014. The new road will provide and important link for the departments of Beni and Cochabamba
    Read More
  • Sri Lanka highway funding secured
    May 17, 2018
    A key financing package has been secured for the first phase of Sri Lanka’s Central Expressway project. Funding worth US$1 billion is being provided by China’s Exim Bank for the highway. Construction of this route will improve transport between the port of Colombo and the port of Hambantota.
    Read More

Highlighted Content