Landmark $747 Million Syndicated Loan Secured for Phase 1 Section 1 of the Lagos-Calabar Coastal Highway

Landmark $747 Million Syndicated Loan Secured for Phase 1 Section 1 of the Lagos-Calabar Coastal Highway

Lagos-Calabar highway: FG secures $747m loan from Deutsche Bank

The Ministry of Finance says the Federal Government, in collaboration with Deutsche Bank, has secured a $747 million loan to finance Phase 1 Section 1 of the Lagos-Calabar Highway. In a statement by the Director of Information and Public Relations,

Nigeria: Govt Secures $747m Loan for Lagos-Calabar Highway Construction

The Federal Government has secured a $747 million loan to finance Phase 1, Section 1 of the Lagos-Calabar Coastal Highway project, stretching from Victoria Island to Eleko Village.

FG Secures $747m loan for Lagos-Calabar Highway construction

FG Secures $747m Loan for Lagos-Calabar Coastal Highway

The Federal Government has secured a $747 million loan to fund the Lagos-Calabar Coastal Highway project, an announcement made by Minister of Works David Umahi on July 10, 2025, during a press briefing in Abuja. The loan, provided by a consortium of international lenders including the African Development Bank and Standard Chartered, will finance the initial 47.47-kilometer phase of the 700-kilometer highway, connecting Lagos to Cross River State…

FG Secures Fresh Funding for Lagos-Calabar Coastal Project

FG Secures Fresh Funding for Lagos-Calabar Coastal Project The loan will fund the initial 47.47 kilometers of the project The Lagos Calabar Coastal Highway project is projected to cost around $11 billion The Federal Government has reportedly secured a $747 million loan to finance the first phase of the Lagos Calabar Coastal Highway project, Eko […] The post FG Secures Fresh Funding for Lagos-Calabar Coastal Project appeared first on EkoHotBlog.