National Economy
Monday, July 28, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Business

Lagos-Calabar Highway’ll Serve As Evacuation Corridor For Deep Seaports — Umahi

by KINGSLEY OKOH
9 months ago
in Business, News
Reading Time: 2 mins read
Highway
Share on FacebookShare on TwitterShare on Telegram

The Minister of Works, Senator David Umahi, has said that the Lagos-Calabar coastal highway project will serve as evacuation corridors for deep seaports.

He reinforced that the coastal road will connect to the Free Trade Zones (FTZs), deep seaports and Dangote Refinery in Lagos.

The Minister of Works spoke during a consultative meeting with stakeholders on the ongoing coastal road project.

Umahi explained that the Lagos-Calabar Coastal Highway was designed to relieve the strain on Apapa Wharf, which has long faced challenges due to its shallow berths that limit cargo handling capacity.

You May Like

My Noodles Café Opens 16th Outlet in Lagos

NiDCOM Partners With FirstBank On Banking Services For Diaspora Housing Platform

The constraints, he noted, necessitated the costly process of transloading, where goods are shifted between vessels, resulting in significant daily financial losses for Nigeria.

He also emphasised the importance of the seven axle road under construction, which will facilitate the seamless transportation of goods from the Dangote Refinery, Fertilizer Plant, and other major industries within the Lekki Free Trade Zone.

He said this critical infrastructure will connect to the Sagamu-Benin Expressway, ensuring smoother logistics and supply chains across key regions, including the North, South-West, South-South, and South-East.

In addition, the project is set to tap into the renewable energy potential along the coastal corridor, with plans to harness wind energy for future development.

The Lagos-Calabar Coastal Highway is a 700-kilometer project designed to span nine states, aimed at improving connectivity and boosting economic growth along Nigeria’s coastline.

Continuing, the Minister noted that the contract for the project was awarded to Hitech Construction Company Ltd under an Engineering, Procurement, Construction, and Financing (EPC+F) arrangement, where most of the financial and construction risks are assumed by the contractor, with the federal government providing counterpart funding.

The Minister of Works further stated that the full 700-kilometer highway is expected to be completed in eight years, with multiple sections beginning simultaneously once procurement, approvals, and other necessary processes were finalised.

Tags: highway
ShareTweetShare
Previous Post

Lagos-Calabar Coastal Highway Project Compensation Hits N18bn

Next Post

Imperative To Maintain Public Infrastructure

ANOTHER GOOD READ

My Noodles Café Opens 16th Outlet in Lagos
Business

My Noodles Café Opens 16th Outlet in Lagos

1 day ago
NiDCOM Partners With FirstBank On Banking Services For Diaspora Housing Platform
News

NiDCOM Partners With FirstBank On Banking Services For Diaspora Housing Platform

1 day ago
FirstCap CEO Ukandu Tasks Govt, Others On Collaborative Efforts To Develop Citizens’ Potential
Business

FirstCap CEO Ukandu Tasks Govt, Others On Collaborative Efforts To Develop Citizens’ Potential

2 days ago
NiDCOM, FirstBank Launch Diaspora Housing Platform
Business

NiDCOM, FirstBank Launch Diaspora Housing Platform

2 days ago
Federal Gov’t Moves To Curb Illicit Financial Flows
Business

Federal Gov’t Moves To Curb Illicit Financial Flows

5 days ago
IMF: Nigeria Must Expand Cash Transfers To Reduce Poverty
Business

IMF’s First DMD Gopinath Quits, Returns To Harvard August

5 days ago
Next Post
Imperative To Maintain Public Infrastructure

Imperative To Maintain Public Infrastructure

Most Recent

My Noodles Café Opens 16th Outlet in Lagos

My Noodles Café Opens 16th Outlet in Lagos

July 26, 2025
NiDCOM Partners With FirstBank On Banking Services For Diaspora Housing Platform

NiDCOM Partners With FirstBank On Banking Services For Diaspora Housing Platform

July 26, 2025
FirstCap CEO Ukandu Tasks Govt, Others On Collaborative Efforts To Develop Citizens’ Potential

FirstCap CEO Ukandu Tasks Govt, Others On Collaborative Efforts To Develop Citizens’ Potential

July 25, 2025
NiDCOM, FirstBank Launch Diaspora Housing Platform

NiDCOM, FirstBank Launch Diaspora Housing Platform

July 26, 2025
Federal Gov’t Moves To Curb Illicit Financial Flows

Federal Gov’t Moves To Curb Illicit Financial Flows

July 22, 2025
IMF: Nigeria Must Expand Cash Transfers To Reduce Poverty

IMF’s First DMD Gopinath Quits, Returns To Harvard August

July 22, 2025
ICT Sector Records 31.6% Growth, Contributes 10% To GDP

ICT Sector Records 31.6% Growth, Contributes 10% To GDP

July 22, 2025
Capital Flight: NNPC Boss Ojulari Warns Against Holding Africa’s Refining Vision Hostage

Capital Flight: NNPC Boss Ojulari Warns Against Holding Africa’s Refining Vision Hostage

July 22, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy