National Economy
Sunday, July 27, 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 News

Lagos-Calabar Coastal Road: FG Plans Retaining Walls To Curb Flooding

by Kingsley Okoh
3 months ago
in News
Reading Time: 2 mins read
Flooding
Share on FacebookShare on TwitterShare on Telegram

You May Like

NiDCOM Partners With FirstBank On Banking Services For Diaspora Housing Platform

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

The federal government said, it plans to build retaining walls along Chainage 18 of the ongoing Lagos-Calabar coastal highway project to protect infrastructure from marine attacks, flooding and torrential wave coming from the shorelines.
Umahi made this known to journalists at the stakeholders engagement meeting organised by the ministry of works even as he stressed the need to introduce a retaining wall at the Chainage 18 to protect infrastructure from the encumbrances of flood.
Umahi said, “We will do shore protection base to prevent the water tides from eaten into the infrastructure.”
He said due to flooding and sand usage, retaining walls will be introduced to retain sand and protect against flooding, particularly since houses along the stretch have been submerged.
The minister noted that the first phase of the highway is expected to be completed within 36 months, with 20 kilometers of the first section anticipated to be ready before the deadline. He highlighted the great investment and tourism opportunities that would be generated upon the completion of sections of Lagos-Calabar Coastal Highway.
“And, of course, we also have foreign investment in this project because 70 per cent of this project is dollar-based, on loan as low as 2.5 per cent single digit interest. We will toll the road and Nigeria will recover all the money spent within 10 years.”
He commended Hitech Construction Company on the satisfactory progress of various construction processes, including dredging, excavation, dewatering, sand filling, and placement of crushed stone base.
Also speaking, managing director of Hitech Construction Company Limited, Dany Abboud, provided updates on the Lagos-Calabar Coastal Highway project.
According to Abboud, the team encountered challenges that required excavating 10 meters deep and are working to finalise designs to address these issues.
“The construction team is working diligently to complete the project, with 20 kilometers of the first section anticipated to be ready before the deadline. Marine engineers are providing crucial information to structural engineers, who will submit their designs soon. Once approved, the project will continue with the necessary assessments,” he explained.
Federal controller of works, Lagos State, Engr. Olukorede Keisha, assured the minister of round-the-clock supervision to ensure the project meets specifications and is completed promptly.

Tags: Flooding
ShareTweetShare
Previous Post

FCMB Group Records N111.9bn PBT In 2024

Next Post

Diageo Nigeria Offers Platform For Bartenders Through Competition

ANOTHER GOOD READ

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

NiDCOM Partners With FirstBank On Banking Services For Diaspora Housing Platform

19 hours ago
Capital Flight: NNPC Boss Ojulari Warns Against Holding Africa’s Refining Vision Hostage
News

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

5 days ago
CBN Unveils New Liquidity Instruments For NIFIs
News

Again, CBN Pegs Interest Rate At 27.5%

5 days ago
‘Recognise Maritime Workers’ Contribution To Trade, Commerce’
News

‘Recognise Maritime Workers’ Contribution To Trade, Commerce’

6 days ago
Equity Market Records N1.44trn Gain
News

Equity Market Records N1.44trn Gain

6 days ago
EEDC Initiates New Complaint Resolution For Customers
News

EEDC Initiates New Complaint Resolution For Customers

6 days ago
Next Post
Diageo Nigeria Offers Platform For Bartenders Through Competition

Diageo Nigeria Offers Platform For Bartenders Through Competition

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