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Where Will the Lagos-Calabar Coastal Road Pass? Land Speculators Alert!By Dennis Isong

Spanning approximately 700 kilometers, the road is designed to stretch from Lagos, Nigeria’s beating commercial heart, all the way to Calabar in Cross River State.

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The morning sun had barely pushed through the Lagos skyline when Emeka received the phone call that shook his world.

His uncle, who owned a modest piece of land near Eleko, was practically yelling on the phone:”Emeka! They’re building a massive highway right through our area! The government men came yesterday with their measuring tapes and equipment.

This thing is real, oh!”For Emeka, and many like him, that single call wasn’t just gist—it was a wake-up call to the kind of transformation that only infrastructure of historic scale can bring.

In a country where road projects often drag or die midway, the Lagos-Calabar Coastal Highway is a different beast entirely. It is not just a road. It is a symbol. A promise. And, depending on how you position yourself, it can either make or break fortunes.

This kind of scene is playing out across Nigeria’s southern coast—small landowners scrambling to understand what is happening, speculators eyeing quick gains, investors calculating their next moves, and everyday Nigerians wondering if this project will truly deliver on its promise.

So, where exactly will this superhighway pass, and what does it mean for those who own or plan to own land in its path? Let’s dive deeper.

The Grand Vision: A 700-Kilometer Journey Along Nigeria’s Coast

The Lagos-Calabar Coastal Highway represents one of the boldest infrastructure projects Nigeria has seen in decades.

Spanning approximately 700 kilometers, the road is designed to stretch from Lagos, Nigeria’s beating commercial heart, all the way to Calabar in Cross River State, hugging the coastline and connecting seven states along its path.

This is not a mere patchwork road; it is planned as a modern superhighway with ten lanes in total—five on each side—built to international standards.Why does this matter?

Because this isn’t just transportation. This is economic transformation laid out in asphalt and concrete.

By deliberately tracing the coastline, the government has chosen a route that will connect Nigeria’s key ports, industrial zones, and tourism hubs, while simultaneously opening up communities that have long been ignored in national development.

For land speculators and investors, this positioning is everything.

Places that once looked like sleepy fishing communities will suddenly find themselves positioned as gateways to Nigeria’s next economic corridor.

Phase One: Lagos to Eleko JunctionThe Reality on Ground

When it comes to massive projects like this, talk can be cheap. But the Lagos-Calabar Coastal Highway is already moving from blueprint to bulldozers.

The first section of the highway, measuring roughly 47.47 kilometers, runs from Ahmadu Bello Way in Victoria Island to Eleko Junction in Lagos State.

This stretch—already commissioned—provides the clearest picture of where land opportunities currently exist.

Works began in March 2024, with the government promising to complete this section by May 29, 2025. That timeline matters, because for investors and speculators, time is money.

The earlier you position yourself in areas adjacent to the development, the greater the potential upside when the project fully matures.

And let’s not miss the strategic brilliance here: this Lagos stretch links directly to the Lekki Deep Seaport, which is a multi billion-dollar game changer.

Think about it—Nigeria’s busiest commercial hub, Lagos, directly tied to a world-class seaport by a brand-new highway.

The result? A logistics, trade, and industrial hub unlike anything the country has seen before.No wonder places like Ibeju-Lekki, Eleko, and the Lekki Free Trade Zone are buzzing with activity. Property inquiries have shot up.

Land values are rising. Developers are circling. And communities that once felt like far-flung outposts now find themselves in the glare of investor attention.

Works began in March 2024, with the government promising to complete this section by May 29, 2025. That timeline matters, because for investors and speculators, time is money.

The Wider Corridor: What Each State Stands to Gain

To truly understand the impact of the Lagos-Calabar Coastal Highway, you must look beyond Lagos. The real story lies in how each state it passes through will be reshaped.

Ogun State: Sitting right next to Lagos, Ogun is already known for its industrial clusters. The highway will only accelerate this by making Ogun’s coastal communities prime for both residential and commercial expansion. Lagos is bursting at the seams; Ogun will absorb much of that overflow.

Ondo State: With rich natural resources and agricultural potential, Ondo’s coastal areas have been relatively cut off. Improved access will turn sleepy fishing villages and farmlands into investment hotspots.

Delta State: Already an oil-rich state, Delta could diversify its economy with better access. Expect agriculture, trade, and services to grow once the coastal road improves logistics.

Bayelsa State: Known for oil but underserved in infrastructure, Bayelsa’s coastal communities could finally open up to tourism and commerce.

Rivers State: With Port Harcourt already a major commercial hub, the coastal highway provides an alternative to inland congestion, positioning more coastal towns for growth.

Akwa Ibom & Cross River: Tourism and trade could boom here. Imagine smooth access to Calabar Carnival, Tinapa, or Akwa Ibom’s beaches, making these states magnets for local and foreign investors, and thus, .making these states magnets for local and foreign investors.

The Demolition Dilemma: Right-of-Way Challenges

Projects rarely happen without pain. And for many small land and property owners, the highway has already been a bulldozer nightmare.In April 2024, bulldozers rolled into Oniru waterfront in Lagos, clearing kiosks, restaurants, and beachside businesses.

By December, 750 structures across different stretches of the coastal states had been affected.

This highlights a key reality: if your land sits directly on the highway’s path, you may lose it. But if your property lies slightly off the road—still close enough to benefit from its presence—you might be sitting on a goldmine.

The government, to its credit, has announced compensation programs. For example, in Section 1 alone, the federal government paid ₦2.75 billion in compensation for affected properties within the first 3 kilometers.

That not only shows seriousness but also gives speculators a benchmark for property values in these zones.Investment Hotspots: Where Smart Money Is FlowingSo, where should the alert investor look?

Lekki Free Trade Zone: This is the no-brainer. With direct ties to the seaport and highway, it’s a magnet for industry and logistics.

Eleko: Once a quiet community, it now marks the endpoint of the first phase. Land values here are rising sharply.Ibeju-Lekki: Already touted as “the new Lagos,” the highway cements its place as a hotspot for both residential estates and industrial projects.Beyond Lagos, expect hotspots to emerge in Ogun’s border communities, Ondo’s coastal villages, and eventually in Akwa Ibom and Cross River when the highway nears completion.

Timeline & Tolling: The Next 10 Years

According to Minister of Works, Dave Umahi, the first Lagos section will be ready by May 2025. But the plan isn’t just to build and abandon—the road will be tolled for 5 to 10 years to recover costs and ensure maintenance.

This matters because tolled roads generally receive better upkeep than free ones.

For investors, this means areas along the road are less likely to fall into disrepair, protecting land and property values.Interestingly, the government isn’t just building from Lagos outward.

Construction has also begun on Sections 3 and 4 from Calabar, meaning both ends are being tackled simultaneously. This could shorten the overall timeline and bring benefits faster than expected.

Beyond Transport: The Ripple Effects

The Lagos-Calabar Coastal Highway isn’t just a road—it’s an economic multiplier.Tourism: Beach towns, cultural centers, and resorts will become more accessible, boosting hospitality investments.Agriculture: Farmers along the coast will move goods to major markets more efficiently, making agribusiness attractive.Industry: Manufacturing and processing plants will spring up near the road, cutting transportation costs.Services: Retail, banking, telecoms, and education services will follow population growth along the corridor.In short, entire towns could spring up where there was once only bush.

Risks: What Investors Must Watch

Not every land along the road is a jackpot. Risks abound.Environmental concerns may slow or alter parts of the route.

Funding risks exist, though current progress looks promising.Land title disputes—always a Nigerian headache—could derail your investment.

Speculative oversupply may flood some markets, depressing values.Competing infrastructure projects could draw attention away from certain stretches. Due diligence is non-negotiable. Verify titles. Study local government plans.

Don’t just buy because everyone else is rushing in.

The Decade Ahead: What to Expect in Fast 10 years Ahead.

The Lagos-Calabar Coastal Highway is fully operational. What will Nigeria’s coast look like?Coastal towns from Lagos to Calabar will likely become bustling hubs.

Migration patterns will shift as people move to newly accessible areas.

International investors will look more favorably at Nigeria’s coastline.

Government will likely designate new special economic zones along the route.

The highway may even link into wider West African trade routes, cementing Nigeria’s position as a regional hub.

For the alert investor, the message is clear: this road is not just geography, it is opportunity.

Final Word: Land Speculators, Be Alert!

So, wlhere will the Lagos-Calabar Coastal Road pass? Through Lagos, Ogun, Ondo, Delta, Bayelsa, Rivers, Akwa Ibom, and Cross River.

But more importantly, it will pass through the heart of Nigeria’s economic future.From Lagos Island to Calabar, this project is about more than concrete—it’s about reshaping communities, economies, and lives.If you are a land speculator or investor, your success won’t just depend on knowing where the road physically runs, but on understanding how it will transform everything around it.

Some will lose their land to bulldozers. Others will turn bush plots into multimillion-naira estates.

History is being built on Nigeria’s coastline.

The question is: will you just watch, or will you position yourself to ride the wave?

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Afreximbank Leads $4bn Financing for Dangote Refinery with $2.5bn Commitment

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African Export-Import Bank has underwritten $2.5 billion in a $4 billion senior syndicated term loan for Dangote Petroleum Refinery and Petrochemicals, in a move aimed at strengthening the refinery’s financial position and supporting its long-term growth and expansion strategy.

The five-year facility, arranged alongside Access Bank as co-Mandated Lead Arrangers, is designed to consolidate existing debt, optimise the refinery’s capital structure and align its financing with current operational realities.

The transaction marks a significant milestone for the Dangote Refinery, Africa’s largest refining and petrochemical complex with a capacity of 650,000 barrels per day.

Afreximbank’s $2.5 billion participation represents the largest share of the syndicate, underscoring its strategic role in mobilising capital for industrial projects across the continent.

The bank said the financing aligns with its mandate to promote industrialisation, reduce reliance on imported petroleum products and deepen intra-African trade.

Since refining operations commenced in February 2024, Afreximbank has played a key role in supporting the project, including providing a $1 billion working capital facility and acting as financial adviser on the Naira-for-Crude initiative, which facilitates crude procurement and product sales in local currency.

Speaking during a strategy session in Cairo, Egypt, President and Chairman of the Board of Directors of Afreximbank, George Elombi, said the bank’s continued backing reflects confidence in indigenous African enterprises.

“We take immense pride in being the single largest provider of financing to the Dangote Group. We do so primarily because Dangote is African,” he said.

“When we invest in ourselves, we do more than create jobs and wealth or expand government revenues; we build a secure and resilient future for our continent”

Elombi disclosed that Afreximbank has committed about $15 billion to Dangote Group since 2015, highlighting the scale of its long-term partnership with the conglomerate.

President and Chief Executive of Dangote Industries Limited, Aliko Dangote, described the financing as a critical step in positioning the refinery for its next phase of expansion.

“This financing marks an important step in strengthening the financial foundation of Dangote Petroleum Refinery & Petrochemicals and positions the business for the next phase of its growth,” he said.

“We appreciate Afreximbank’s continued support and confidence in our vision to build world-class industrial capacity that serves Nigeria, Africa and global markets.”

The syndicated loan attracted strong participation from a mix of African and international financial institutions, reflecting sustained investor confidence in the refinery as a transformative industrial asset in advancing Africa’s energy security, reducing import dependence and supporting the continent’s broader industrialisation agenda.

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BUA Foods Plc Reports Strong 2025 Performance with ₦1.77 Trillion Revenue, Proposes Record ₦28 Dividend per Share

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Leading Nigerian food manufacturer BUA Foods Plc has announced robust full-year 2025 audited results, with revenue climbing 16% to ₦1.77 trillion from ₦1.53 trillion in 2024.

The growth was driven by sustained consumer demand for the company’s core staples sugar, flour, pasta, and rice alongside higher sales volumes and strategic pricing amid a challenging economic environment marked by inflationary pressures on households.

Profit after tax nearly doubled, rising 95% to ₦518.4 billion, while gross profit surged to ₦737.3 billion from ₦540.8 billion the previous year.

Operating profit also increased significantly to ₦656.6 billion.In a strong signal of confidence in its outlook and commitment to shareholder value, the Board of Directors has proposed a final dividend of ₦28 per ordinary share of 50 kobo.

This represents a 115% increase from the ₦13 per share paid in 2024, translating to a total payout of approximately ₦504 billion, subject to approval by shareholders at the company’s 2026 Annual General Meeting.

Chairman Abdul Samad Rabiu highlighted the results, stating that the substantial dividend hike underscores the company’s dedication to rewarding investors while continuing to invest in business expansion and operational efficiency.

BUA Foods, a major player in Nigeria’s food processing sector controlled by billionaire Abdul Samad Rabiu, has continued to benefit from scale advantages, market expansion, and resilient demand for essential food products despite broader economic headwinds.

The company’s shares have reacted positively in recent trading, reflecting investor optimism over the strong earnings and generous dividend proposal.

Full details of the financial statements were filed with the Nigerian Exchange (NGX) on Monday.

Analysts view the performance as a testament to BUA Foods’ robust business model and ability to navigate Nigeria’s macroeconomic challenges through volume growth and cost discipline.

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OPay launches new office in Jos

” Opening this office in Jos allows us to stay closer to the people we serve, better understand their needs, and continue to provide fast, secure, and reliable financial services that improve everyday life.”

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OPay has officially launched its new office in Jos, Plateau State.

Speaking at the event, OPay’s Chief Operations and Technology Officer, Dotun Adekunle, said that the new Jos office reflects OPay’s continued commitment to putting customers first and advancing financial inclusion across Nigeria.

He said :” Our customers are at the center of everything we do.

Opening this office in Jos allows us to stay closer to the people we serve, better understand their needs, and continue to provide fast, secure, and reliable financial services that improve everyday life.”

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