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

  • Funding for West Africa road link
    July 30, 2021
    Funding has been secured for a vital West African road link.
    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
  • Sourcing road financing for East Africa’s network expansion
    December 4, 2015
    East Africa’s ambitious road expansion programme is seeing the network expand significantly – Shem Oirere writes The East Africa countries of Kenya, Tanzania, Uganda and Rwanda have announced ambitious road sector expansion plans in the 2015/16 financial year. This is despite their national budgets being weighed down by huge deficits and persisting lack of capacity to spend resources allocated to the sector in previous years. With the huge budget deficits, the countries will have to look for alternati
    Read More
  • Hinergia bridge project finds federal funding
    March 27, 2017
    A budget worth nearly US$252 million will help pay for bridge design and construction work as well as bridge repair activities in 12 states across Nigeria. The budget has been approved by Nigeria’s Federal Executive Council (FEC). Meanwhile $475 million is being budgeted for the engineering and consultancy work required for the Second Niger Bridge that will connect the city of Asaba in Delta State with Onitsha in Anambra State. The new bridge is desperately required as the existing structure is in poor cond
    Read More

Highlighted Content