President Bola Tinubu says the Lagos-Calabar Coastal Highway could contribute 2% to Nigeria\u2019s Gross Domestic Product (GDP) through expanded trade, tourism and industrial activity, while generating an estimated 250,000 direct and indirect jobs.<\/p>\n
He also said the project is expected to reduce logistics costs along the corridor by 15% to 20%.<\/p>\n
Tinubu disclosed this in a statement titled From Reforms to Delivery: Our Infrastructure Investment and Growth Strategy, issued on Friday, October 30, 2026.<\/p>\n
The President, while defending his recent borrowing plans, which have drawn criticism from the opposition and some Nigerians, identified the Lagos-Calabar Coastal Highway as one of the major projects expected to benefit from the proposed facility.<\/p>\n
According to the statement, the project is estimated to generate about 100,000 direct jobs in construction and engineering, alongside more than 150,000 indirect jobs across related sectors.<\/p>\n
The President said the highway would also reduce the cost of moving goods and services along its route, while supporting economic activities across the corridor.<\/p>\n
Beyond the Lagos-Calabar Coastal Highway, Tinubu identified the Sokoto-Badagry Superhighway, Trans-Sahara Superhighway, electricity grid upgrades and the modernisation of key commercial ports in Lagos as major projects expected to strengthen Nigeria\u2019s productive capacity.<\/p>\n
The President\u2019s projections position the coastal highway as part of the administration\u2019s wider infrastructure investment plans.<\/p>\n
Tinubu links infrastructure to $1 trillion\u00a0economy<\/strong><\/p>\n Tinubu argued that Nigeria would need improved infrastructure to achieve its ambition of becoming a $1 trillion economy by 2030.<\/p>\n He said sustained investment in infrastructure would be necessary to support higher productivity, industrialisation and trade.<\/p>\n He also stated that improving economic indicators and growing international investor confidence were creating opportunities for Nigeria to attract long-term investment and expand critical infrastructure.<\/p>\n He maintained that a $1 trillion economy would not emerge through declarations alone but would require sustained investment, higher productivity, industrialisation and trade.<\/p>\n\n
\n
What you should know<\/h4>\n