FG Secures Landmark $747 Million Syndicated Loan for Lagos-Calabar Coastal Highway
Abuja, July 11, 2025 — In a landmark achievement for Nigeria’s infrastructure development agenda, the Federal Government has secured a $747 million syndicated loan to finance Phase 1, Section 1 of the Lagos-Calabar Coastal Highway, covering the Victoria Island to Eleko Village corridor (47.47km). The deal, led by Deutsche Bank as Global Coordinator and Bookrunner,
