President Bola Tinubu has flagged off the 700km Lagos-Calabar coastal highway project.
This project is estimated to cost about N15 trillion.
President Tinubu cut the tape at exactly 6:03pm in Lagos on Sunday. Dignitaries with him includes the Minister of Works, Dave Umahi, Senate President Godswill Akpabio and about eight governors, including the Chairman of the Nigerian Governor’s Forum, Abdulrahman Abdulrazaq.
In his speech, Tinubu said “it’s my bragging day”, while emphasizing the ten benefits of the superhighway project which spans through eight states.
“It’s my bragging day. We will do this road. We are determined to do it,” he said.
This highway project, designed to stretch 700 kilometres and navigates through nine states, was awarded to Hitech Construction Company Limited on an Engineering, Procurement, Construction, and Financing (EPC+F) arrangement, where the bulk of the risk falls on the contractor, and the federal government provides rest of the fund.
The Federal Government started the construction in March 2024, beginning with the first phase of the project, which spreads 47.47 kilometres from Lagos.
The Lagos-calabar coastal highway project has ignited criticism from major opposition leaders like the presidential candidate of Peoples Democratic Party, Atiku Abubakar, and his Labour Party counterpart, Peter Obi.