• About
  • Advertise
  • Contact
Thursday, October 23, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home National

AfDB secures $15 billion for the construction of Lagos – Abidjan highway

Vital News by Vital News
May 7, 2022
in National
0
Share on FacebookShare on Twitter

Abuja – Dr Akinwumi Adesina, the President, African Development Bank (AfDB), says the bank has secured 15.6 billion dollars investment for the construction of the Lagos-Abidjan highway.

Adesina tweeted this on his Twitter handle @akin_adesina obtained by the News Agency of Nigeria (NAN) on Friday in Abuja.

He said that the investment would strengthen regional trade and integration in West Africa by linking the hinterlands of different Participating Member Countries (PMCs).

The President said that the investment would include providing sea port access to landlocked countries and some transition states of West Africa to the vibrant seaports.

NAN reports that the Lagos-Abidjan highway interconnects the capital cities of five Western African States, covering approximately 1,028 km and eight border crossings.

RelatedStories

FG Warns Buyers To Stay Off ARCEDEM, Radio Nigeria Land, Four Other Landed Property In Oyo

Understanding UNGA Resolution 2758 And One-China Principle By Lawal Sale

President Tinubu Appoints Another Minister From Plateau

Senator Sunday Karimi : A Beacon Of Service And Integrity, Beyond 2027 By Samuel Temiloluwa

They are Cote d’Ivoire, Ghana, Togo, Benin and Nigeria.

The Abidjan-Lagos Corridor is a flagship project of the Programme for Infrastructure Development in Africa (PIDA).

It forms part of the wider Dakar-Lagos Corridor and a major part of the Trans African Highway Network within the ECOWAS region.

The corridor’s current alignment traverses all major economic centres of the five PMCs starting from “Bingerville”, a suburb of Abidjan and ending at Mile 2 (Eric Moore), in Lagos.

In a statement issued by AfDB recently said the Abidjan Lagos project is a key regional trade and transport corridor that interconnects some of the largest and most economically dynamic cities in Africa, Abidjan, Accra, Cotonou, Lomé and Lagos.

It also said that the corridor links other corridors along the north-south axis and interconnects the landlocked countries of Burkina Faso, Mali, Niger and Chad.

“The corridor interconnects the most densely populated and economically active parts of the sub-region –it intersects with a rail network and major ports/airports.

“The transport sector in West Africa plays a key role in the economic development of the region and generates about five to eight per cent of its Gross Domestic Product (GDP).

“This remains cognisant of the fact that an efficient regional transport network is an enabling infrastructure required to promote regional trade and socio-economic development, inter alia.

“ECOWAS and WAEMU member states have consistently committed themselves to the financing of designated regional transport corridors.

“The Abidjan –Lagos transport corridor currently supports approximately 75 per cent of sub-regional trade activities.

“However, a combination o hard and soft infrastructure deficiencies negates its optimal contribution to regional economic growth,’’ the Bank said. (NAN/vitalnews)

Tags: AbidjanAfdbHighwayLagos
Previous Post

2023: Vote politicians with peoples’ interest at heart –CAC president

Next Post

MAN disburses N3 million Zakat to 27 indigent Muslims

Vital News

Vital News

RelatedStories

FG Cancels Independence Anniversary Parade
Environment

FG Warns Buyers To Stay Off ARCEDEM, Radio Nigeria Land, Four Other Landed Property In Oyo

October 22, 2025
Understanding UNGA Resolution 2758 And One-China Principle By Lawal Sale
Opinion

Understanding UNGA Resolution 2758 And One-China Principle By Lawal Sale

October 21, 2025
In Jos, President Tinubu Assures Northern Christians Of Fairness
National

President Tinubu Appoints Another Minister From Plateau

October 21, 2025
Senator Sunday Karimi : A Beacon Of Service And Integrity, Beyond 2027 By Samuel Temiloluwa
Opinion

Senator Sunday Karimi : A Beacon Of Service And Integrity, Beyond 2027 By Samuel Temiloluwa

October 21, 2025
Standing With The Bello Family – Justice Must Never Be Cheapened – NGO
National

Standing With The Bello Family – Justice Must Never Be Cheapened – NGO

October 17, 2025
Next Post

MAN disburses N3 million Zakat to 27 indigent Muslims

FG approves N3bn Sukuk funds for Numan-Jalingo road project

Nigeria’s crude oil reserve increases to 37b barrels – NUPRC

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Abiodun Meets Rizhao Mayor, Explores Partnership On Olokola Deep Sea Port, Mineral Development, Cultural Exchange

Abiodun Meets Rizhao Mayor, Explores Partnership On Olokola Deep Sea Port, Mineral Development, Cultural Exchange

4 weeks ago
President Tinubu Pays Tribute To Former President Olusegun Obasanjo@88

President Tinubu Pays Tribute To Former President Olusegun Obasanjo@88

8 months ago
Biggest Cocaine Seizure :  Court Sentences 4 Drug Kingpins To 28yrs Imprisonment, forfeit VGC houses, N67mln, $50,000

Biggest Cocaine Seizure : Court Sentences 4 Drug Kingpins To 28yrs Imprisonment, forfeit VGC houses, N67mln, $50,000

10 months ago

Zamfara Top Bandit Commander, Kachalla Mai Shayi, 12 Others Killed In Ambush

1 year ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu US
No Result
View All Result

Highlights

Dangote Group Denies Ownership Of Truck In Akungba-Akoko Accident

Former Minister, Tanimu Turaki, Emerges Northern PDP Consensus Candidate As National Chairman

Trailer Crushes Female University Lecturer To Death In Lokoja

Governor Adeleke Appoints Davido Chairman Of Osun State Sports Trust Fund

FG Warns Buyers To Stay Off ARCEDEM, Radio Nigeria Land, Four Other Landed Property In Oyo

‎IMPI Revises Inflation Rate Projection To 14% From 17% For December

Trending

Olubadan Set Up Committee To Revamp Moribund Industries, Revamp Abandoned Ibadan Urban Renewal Programme
Economy

Olubadan Set Up Committee To Revamp Moribund Industries, Revamp Abandoned Ibadan Urban Renewal Programme

by Vital News
October 23, 2025
0

The Olubadan of Ibadanland, Oba Rashidi Adewolu Ladoja has set up a committee to revamp moribund industries...

Your Exit Will Not In Anyway Affects Fortune Of PDP – Makinde To Atiku

Oyo Dares FG Over Lands, Says ARCEDEM, Radio Nigeria, NTA, NIHORT Lands Acquired In Public Interest

October 23, 2025
Professor Amupitan Resumes Office As New INEC Chairman

Professor Amupitan Resumes Office As New INEC Chairman

October 23, 2025
Dangote Denies Ownership Of Truck Involved In Enugu Accident

Dangote Group Denies Ownership Of Truck In Akungba-Akoko Accident

October 23, 2025
Former Minister, Tanimu Turaki, Emerges Northern PDP Consensus Candidate As National Chairman

Former Minister, Tanimu Turaki, Emerges Northern PDP Consensus Candidate As National Chairman

October 23, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Olubadan Set Up Committee To Revamp Moribund Industries, Revamp Abandoned Ibadan Urban Renewal Programme October 23, 2025
  • Oyo Dares FG Over Lands, Says ARCEDEM, Radio Nigeria, NTA, NIHORT Lands Acquired In Public Interest October 23, 2025
  • Professor Amupitan Resumes Office As New INEC Chairman October 23, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In