Nigeria recently obtained a financing loan with First Abu Dhabi Bank worth $1.26 billion for the implementation of the project to build a mega coastal highway, considered to be one of the largest road infrastructure projects in country.

The project to build a mega highway Coastal is one of the lighthouses but also very controversial of the presidency Tinubu, Nigeria. Indeed, this new loan worth 1.26 billion dollars, granted by First Abu Dhabi Bank, will make it possible to continue the construction of this ambitious coastal highway project. It is a major road infrastructure that will extend over approximately 700 kilometers, connecting Lagos to Calabar, in south-eastern Nigeria, near the border with Cameroon, along the Atlantic coast.

According to Bola Tinubu, “this loan is a success major”. In a statement, he said that the conclusion of this financing means that the coastal highway from Lagos to Calabar will continue unimpeded.

The first section had already received a $747 million loan last July, from the share of a group of banks led by Deutsche Bank ; mso-fareast-font-family:calibri; mso-fareast-theme-font:minor-latin; mso-bidi-font-family: “Times New Roman”; mso-bidi-theme-font:minor-bidi; mso-ansi-language:fr; Mso-fareast-language:en-us; Mso-bidi-language:ar-sa">