Tag: ECOWAS Bank

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ECOWAS Bank approves $100m for Nigeria’s Lagos–Calabar coastal highway

The ECOWAS Bank for Investment and Development has sanctioned $266.7 million for key development projects across West Africa, including a $100 million allocation for Nigeria’s Lagos–Calabar Coastal Highway. This was disclosed in a statement posted on the Bank’s website on April 2, 2026. EBID stated that the approvals were made during its 95th Board of […]

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ECOWAS Bank approves $100m for Lagos-Calabar coastal road construction

The Economic Community of West African States Bank for Investment and Development has approved $100 million to fund the construction of a 47.7-kilometre section of Nigeria’s Lagos-Calabar Coastal Highway. This first phase, known as Section 1, begins at Ahmadu Bello Way in Lagos. Construction, carried out by Hitech Construction Company Limited, commenced in March 2024. […]