Nigeria’s $13bn Lagos-Calabar Highway triggers speculative real estate boom

Nigerian Tribune | 08-09-2026 06:29am |

The ongoing construction of the 700-to-750-kilometre Lagos-Calabar Coastal Highway, a $13 billion infrastructure project, is reshaping southern Nigeria's economic landscape. Land values along the Gulf of Guinea have appreciated by 133 percent in two years, turning the area into one of West Africa's most sought-after investment zones.

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