• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, June 29, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

AfDB To Mobilise $15bn for Abidjan-Lagos Highway Project

by Kingsley Okoh
8 months ago
in Business
Africa Development Bank

Dr. Akinwumi Adesina, President of the African Development Bank (AfDB)

Share on WhatsAppShare on FacebookShare on XTelegram

The president of the African Development Bank (AfDB), Akinwunmi Adesina, announced the mobilisation of $15 billion for the construction of the Lagos-Abidjan Highway project in collaboration with various partners.

Advertisement

Adesina emphasised that the Abidjan-Lagos Highway corridor, managed by the Economic Community of West African States (ECOWAS), is set to handle 80 per cent of the region’s trade.

He stated that the project will significantly enhance transport connections between Nigeria and the rest of West Africa. The bank is mobilising support for the development of the railway line connecting Kano to Maradi in the Niger Republic, Adesina noted.

He highlighted that AfDB has already provided $12.6 million students to support a feasibility study for the Lagos-Abidjan corridor highway, adding that, “As a bank, we and other institutions will help to mobilise the $15 billion necessary to finance that corridor which carries over 80% of the trade in the region.”

Adesina also outlined various AfDB investments aimed at fostering infrastructure growth in Nigeria. He mentioned that the bank has raised over $300 million for the Enugu to Cameroon project and invested over $40 million in the Lekki toll road to alleviate congestion and reduce traffic costs.

RELATED

Federal Gov’t, IFAD Train 600 Farmers In Budgeting, Farming Techniques In Benue

We’re Making Abia Farmers Globally Visible – Agric Firm

7 hours ago
Marginal Field Awardees: NUPRC Restates Commitment To Transparency Culture

Oil Prices Plunge 6% As Middle East Ceasefire Eases Supply Fears

10 hours ago

“To strongly support African social and economic growth, the African Development Bank invests heavily in infrastructure. Over the last eight years alone, we have invested over $55 billion in infrastructure,” Adesina said.

This investment includes roads, highways, transport corridors, seaports, airports, ICT infrastructure, and regional power transmission networks.

He noted that the bank has invested $389.3 million in the highway connecting Enugu to Bamenda in Cameroon, which will serve 11 million people.

The Lagos-Abidjan Highway project is a vital infrastructure initiative aimed at enhancing regional economic integration by linking five West African countries: Côte d’Ivoire, Ghana, Togo, Benin Republic, and Nigeria. This 1,068-kilometre highway will traverse eight border towns, starting in Lagos and ending in Abidjan, Côte d’Ivoire.

The project is one of West Africa’s largest infrastructure designs, and is expected to facilitate over 500,000 passengers daily and significantly boost trade, tourism, and economic activities in the region. The Lagos-Abidjan Corridor Highway is part of the broader Dakar-Lagos Corridor, one of ECOWAS’ flagship development programs, and is expected to be a key driver of regional integration.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: AFDB
SendShareTweetShare
Previous Post

APC Sweeps Kogi LG Polls

Next Post

Nigerians Pay N6,699.63 For 5kg Cooking Gas In September

Kingsley Okoh

Kingsley Okoh

You May Like

Federal Gov’t, IFAD Train 600 Farmers In Budgeting, Farming Techniques In Benue
Agriculture

We’re Making Abia Farmers Globally Visible – Agric Firm

2025/06/29
Marginal Field Awardees: NUPRC Restates Commitment To Transparency Culture
Business

Oil Prices Plunge 6% As Middle East Ceasefire Eases Supply Fears

2025/06/29
New Afreximbank President To Restructure African Trade
Business

New Afreximbank President To Restructure African Trade

2025/06/29
Oyetola
Business

Federal Gov’t Launches Life-jacket Safety Initiative

2025/06/29
Tech Scholar To Drive Academic Vision As OAU’s New DVC
Business

Tech Scholar To Drive Academic Vision As OAU’s New DVC

2025/06/29
MONEY MARKET: Assessing Customers’ Losses To Fraudsters Through Digital Banking
Business

Cybercrime: Half Of Victims Paid Ransom In 2025

2025/06/29
Leadership Conference advertisement

LATEST

Delta South APC Leaders, Stakeholders Endorse Tinubu, Oborevwori For Second Term

Ex-Footballer, Businessman, Others Arrested Over Illict Drugs

Saudi Arabia Okays Burial Of Late Dantata In Madina On Monday 

Sultan Tasks Political Leaders On Motto Of National Institute

Kanu, Ikpeba To Attend NNL Super 8 Opener

WAFCON 2024: CAF Celebrates Former Super Falcons Captain, Ebi

70% Nigerians Without Insurance Cover — NCRIB 

Ojude Oba: Brands, Celebs Find New Spotlight

Mádé Kuti Drops New Single ‘Wait And See’

I Haven’t Seen My Daughter In A While – Skales

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.