ECOWAS Bank Approves €174m for Investment, $125m to Boost Trade

ECOWAS Bank approves $100m for Lagos-Calabar highway project

The ECOWAS Bank for Investment and Development (EBID) has approved $100 million in funding for the construction of the Lagos-Calabar coastal highway project.   The approval was part of a broader financing package announced by the bank at its 92nd ordinary session meeting held on June 30, 2025.   The construction of the highway began in March, 2024, with the first phase, a 47.47 kilometres of dual carriageway, awarded to Hitech Construction Compa…

ECOWAS Bank Approves €174m, $125m to Power Trade and Infrastructure in West Africa

In a major step toward deepening economic integration and accelerating development across West Africa, the ECOWAS Bank for Investment and Development (EBID) has approved a fresh funding package totaling €174 million and $125 million to finance a portfolio of high-impact projects in infrastructure, renewable energy, trade facilitation, and skills development. The approval was announced following …

StatePress NG: ECOWAS Bank approves $100m for Lagos-Calabar highway construction

The ECOWAS Bank for Investment and Development approves $100mn for 47.7km stretch of Lagos-Calabar project

The ECOWAS Bank for Investment and Development (EBID) has approved $100 million in funding for the construction of a 47.7-kilometre stretch of Nigeria’s Lagos-Calabar Coastal Highway. This segment, designated as Section 1, Phase 1 of the project, starts from Ahmadu Bello Way in Lagos. Construction began in March 2024 and is being executed by Hitech Construction […] The post The ECOWAS Bank for Investment and Development approves $100mn for 47.7k…

ECOWAS Bank approves $100m for Lagos-Calabar coastal highway project

The ECOWAS Bank for Investment and Development (EBID) has approved a $100 million facility to support the construction of a 47.7-kilometre stretch of the Lagos-Calabar Coastal Highway, marking a significant step forward for Nigeria’s ambitious 700km infrastructure project. The newly approved funding will go towards Section 1, Phase 1 of the highway, which begins at […] The post ECOWAS Bank approves $100m for Lagos-Calabar coastal highway project…

"Link Nine Nigerian States, Improve Seaport Access" — ECOWAS Bank Approves $100m for Lagos-Calabar Coastal Highway - TheNigeriaLawyer

The ECOWAS Bank for Investment and Development has announced approval of $100m in funding for the construction of a 47.7km stretch of the Lagos-Calabar Coastal Highway. This is a major boost to the Federal Government’s quest to deliver the 700km Lagos-Calabar coastal highway by 2028. The 47.7km segment, designated as Section 1, Phase 1 of the project, starts from Ahmadu Bello Way in Lagos. Construction began in March 2024 and is being executed b…