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

  • New highway links planned for Vietnam
    November 9, 2017
    Several major highway projects are being planned for Vietnam. The largest is for the construction of the North-South Expressway, which will improve transport connections for the country. Financing is being secured for the North-South Expressway, with some US$5.23 billion being secured. The Vietnamese Government will pay up to 39% of the cost of the work, with loans and private sector funding paying for the remaining 61%. Meanwhile a South Korean contractor will carry out a series of road projects in Can
    Read More
  • Moldova gets EBRD loan for M1, M2 upgrades
    August 28, 2023
    The work will enhance transport connectivity by strengthening core transport links with a focus on the pan-European TEN-T network.
    Read More
  • Securing safer transportation infrastructure through non-destructive technology
    June 16, 2014
    Kevin Vine reports on the use of non-destructive testing for structural analysis of bridges Seven years ago, the overpass collapse in Laval, Québec that led to the death of five people brought to light severe issues with the state of the country’s bridges and transportation infrastructure. More recently, a crack in the Champlain Bridge to Montreal that forced over 160,000 commuters to find alternate routes to work reaffirmed a need for greater emphasis on early detection before a crisis occurs.
    Read More
  • Malaysia's major infrastructure investment
    May 4, 2012
    Malaysia has set aside a budget worth nearly US$310 to develop five regional corridors in the country. The projects include the construction of a coastal highway linking Nusa Jaya and Johor Baru. Malaysia's Government would also set aside $31.2 billion in all for a series of major infrastructure projects under its Second Rolling Plan (RP2) in 2012 and 2013.
    Read More

Highlighted Content