Socioeconomic benefits of Lagos-Calabar coastal project

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The Nation Newspaper Socioeconomic benefits of Lagos-Calabar coastal project

Ideas, they say, rule the world and I daresay, great ideas are indeed a sine qua non for socioeconomic growth and development anytime, any day! Any wonder that one of the common denominators and defining values of the President Bola Tinubu administration is its penchant for conceptualising as well as executing bold ideas?

Firing the first salvo, the Minister of Works, Senator David Umahi, during a roundtable discussion in Lagos with businesses, stakeholders, and communities that the Coastal Road project will affect, said a lot will certainly give. “The sections for this coastal road project include Ahmadu Bello Way to Lekki Deep Sea Port, Lekki Deep Sea Port to Ogun/Ondo boundary, Calabar to Uyo, Port Harcourt to Bayelsa, Bayelsa to Ondo. This project will unlock economic opportunities and open new corridors for trade, tourism, and industries,” the minister explained.

According to him, the project is valued at $11billionn , has an eight-year timeline and is expected to be completed by 2031. Also speaking on the benefit of the coastal road and how it will transform the economy of Cross River State, the state Commissioner of Information, Erasmus Ekpang, in a press statement, said the state government is overwhelmingly grateful to President Tinubu for embarking on the project decades after the necessity for the coastal road had been muted.

 

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