10-07-2025
Nigeria Secures $747 Million Loan for Controversial Road Project
Nigeria secured a $747 million syndicated loan for a controversial highway that will link the nation's commercial capital to a key coastal city.
The funding, led by Deutsche Bank AG, will finance construction of the first phase of the Lagos-Calabar highway, a 700-kilometer (435-mile) project initiated by President Bola Tinubu, the finance ministry said in a statement on Thursday.
