2025-12-18 00:00:00
As reported by Punch, Nigeria’s Works Ministry says four investors have indicated interest in taking over Section 1 of the Lagos–Calabar Coastal Highway under a concession model that would allow tolling to recover costs.
The report quotes officials as describing the arrangement as a public–private approach meant to reduce the fiscal burden on government while accelerating delivery of critical infrastructure.
The concession discussion comes as the project faces sustained public debate on cost, transparency, and procurement—issues government insists it is addressing.
Sahara Reporters quoted the minister saying, “about four different companies… want to pay 100% of what we have spent… and they would take it over and toll it.” (Sahara Reporters)
Another report circulating the same remarks quoted Umahi: “There are about four companies that have indicated interest… take it over and toll it.” (BrandIconImage)
Analysis/Echotitbits take: A toll-backed concession could unlock funding, but it also shifts the debate to affordability, route economics, and contract openness. Watch for the identity of bidders, the tolling framework, and whether an independent value-for-money review is published to calm public skepticism.
Source: Punch — December 18, 2025 (https://punchng.com/four-investors-push-for-lagos-calabar-highway-concession/)
Photo credit: Punch
