Lagos-Calabar Highway: FG funding 30%, lenders 70% — Umahi

The Federal Government is funding 30 percent of the Lagos-Calabar Coastal Highway, with external lenders providing the remaining 70 percent, according to Minister of Works Dave Umahi. The project is being executed under an Engineering, Procurement, Construction and Financing (EPC+F) model. Umahi disclosed this arrangement, noting that the financing structure involves significant external participation.

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