According to the Federal Government, several financial institutions have expressed interest in helping to carry out important road projects, including the Sokoto-Badagry Superhighway and the Lagos-Calabar Coastal Highway. Sen. Dave Umahi, the Works Minister, revealed the revelation in a press conference following an examination of the Lagos-Calabar Coastal Highway and a few Lagos bridges.
"I've spoken with numerous financial institutions, and they're eager to get involved.
"We are making every effort to finish Section 1 by December and get it approved, which will pave the way for additional financial aid.
"The international funders came and saw the quality of the work we are doing, which is something I must praise the President for and, of course, beat my chest and say glory be to God for."
"That is a pass mark in my opinion," Umahi remarked.
He stated that until an extra 17.47 km of Section One, Phase One of the road project is finished, the recently opened 30 km section of the Lagos-Calabar Coastal Highway will not be accessible to traffic.
"We started with 20 km, and then we finished 10 km," Umahi stated.
He observed that Hi-Tech Construction Company, the contractor, was putting in a lot of effort to finish the 17.47 kilometers. "We are working to join this," Umahi stated. "Once we do, you can use the coastal highway if you are traveling from Ahmadu Bello Way to the Lekki Free Zone."
In order to guarantee the ongoing maintenance, the minister stated that the route would be tolled. "These roads require ongoing maintenance whether they are tolled or not," he continued.