Lagos – Calabar coastal highway gets $1.2 billion UAE-backed loan 

The Federal Government has secured about $1.2 billion in financing from the United Arab Emirates to advance construction of a key segment of the Lagos–Calabar Coastal Highway. The Presidency made this announcement in a statement on Friday, according to Bloomberg. The funding will be applied to a 56-kilometre section of the coastal freeway, one of the Federal Government’s flagship infrastructure projects. […] The post Lagos – Calabar coastal highway gets $1.2 billion UAE-backed loan  appeared first on Nairametrics.