Nigeria’s Federal Executive Council (FEC) has given the green light to a groundbreaking contract worth N1.06 trillion for the construction of the first phase of the coastal road spanning from Lagos to eight additional states.
Works Minister, Dave Umahi, revealed this significant development after the Council meeting presided over by President Bola Tinubu at the State House in Abuja.
The approved contract entails the construction of a 47.47-kilometer dual carriageway, boasting five lanes on each side and an embedded train track.
The project aims to establish a vital transportation artery, linking Lagos to strategic locations such as the Lekki Deep Seaport, Ogun, Ondo, Delta, Bayelsa, Port Harcourt, Akwa Ibom, and Cross River.
In his address, Minister Umahi outlined the comprehensive scope of the project, emphasizing its strategic importance in fostering economic development and connectivity across the region. He also highlighted the challenges encountered during the procurement process and the subsequent measures taken to expedite the project’s commencement.
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The FEC’s decision to approve the contract underscores the government’s commitment to infrastructure development and addressing transportation challenges in the country. With the implementation of the coastal road project, stakeholders anticipate significant improvements in regional connectivity, trade facilitation, and economic growth.
Additionally, Minister Umahi provided updates on various road projects across the country, including those facing delays due to escalating construction material costs. He reiterated the government’s resolve to review and augment project budgets in line with current market realities to ensure their successful completion.
This monumental contract approval signals a major milestone in Nigeria’s infrastructure agenda, heralding a new era of connectivity and progress. As construction commences on the Lagos-coastal road, stakeholders eagerly anticipate the positive impact it will have on regional development and socioeconomic prosperity.