Lagos-Calabar Coastal Highway commissioned

President Bola Ahmed Tinubu officially commissioned the first completed section of the Lagos-Calabar Coastal Highway on Saturday, May 31, 2025. The event took place at Kilometer 8, near the Jakande Estate area in Lagos State

1. Economic Growth and Job Creation The highway is expected to generate direct employment for thousands during construction and indirect opportunities for many more. Upon completion, it aims to benefit over 30 million Nigerians by enhancing access to production and marketing centres. 

2. Enhanced Trade and Logistics By connecting major coastal cities, the highway will streamline the movement of goods and services, reducing transportation costs and travel time. This improved connectivity is anticipated to boost trade revenues and attract investments in logistics and related sectors. 

3. Tourism Development Improved access to Nigeria’s coastal regions is projected to increase tourist inflows by 30-40% over the next decade. This growth could add approximately $3 billion annually to the GDP through hospitality, cultural tourism, and eco-tourism ventures.

4. Agricultural Advancement The highway will facilitate easier access for farmers to urban markets, reducing post-harvest losses and increasing profitability. Enhanced road networks are expected to boost the fishing industry’s contribution to the GDP by 20-30%, generating an additional $300 million annually