10/07/2025
Nigeria?s Coastal Highway Passes $747?m Funding Milestone
Arabian Post - Nigeria has secured a $747 million syndicated loan, led by Deutsche Bank, to fund the initial 47.47?kilometre phase of its flagship coastal highway spanning from Victoria Island to Eleko Village in Lagos. The Ministry of Finance confirmed the financing on Wednesday, marking a record for road infrastructure funding in the country. Lenders in the syndicate include First Abu Dhabi Bank, African Export?Import Bank, Abu Dhabi...
