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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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ICPC: Dangote must testify in person

The agency said that the Corrupt Practices and Other Related Offences Act, 2000, does not allow proxy representation on criminal matters.It gave Dangote December 29 deadline to appear before it.

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File Photo: Aliko Dangote and Farouk Ahmed

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) says that Africa’s richest man Aliko Dangote must appear personally before the Commission to testify the corruption allegations against the former against the former Chief Executive of Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Alhaji Farouk Ahmed.

The agency said that the Corrupt Practices and Other Related Offences Act, 2000, does not allow proxy representation on criminal matters.It gave Dangote December 29 deadline to appear before it.

The anti-graft commission conveyed its decision to Dangote’s lawyer, Dr. Ogwu Onoja (SAN), in a December 24 letter.

Onoja had on December 22, gone to the ICPC office to adopt the petition.But in a letter to Onoja by the Chief of Staff to ICPC Chairman, Rouqayya Ibrahim, the commission said it was necessary for Dangote to come in person.

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E- Commerce: bitMARTe Launches in Nigeria with Same-Day Delivery, Buyer Protection and Merchant Financing

With its official launch, bitMARTe is now live and open to users across Nigeria, positioning itself as a technology-enabled commerce platform focused on speed, trust, local content and economic empowerment.

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Photo: Left to Right: Amaka Onaibre – Legal Counsel, Dr Eke Eke – Chief Executive Officer, Tolulope Ogungbade – Business Manager & Chief Operating Officer.

bitMARTe, a new Nigerian-focused e-commerce platform, has officially launched operations, unveiling a suite of innovative features designed to address long-standing challenges facing online shopping and digital commerce across Nigeria and Africa.

Speaking at the launch, Chief Executive Officer of SpringRock Group and founder of bitMARTe, Dr. Eke Eke, said that the platform was built with a deep understanding of the peculiar realities of the African market, particularly issues around delivery delays, payment security, product quality and access to business capital.

Beyond online marketplace

Dr. Eke emphasised that bitMARTe is not merely an online marketplace but a technology-driven operating system tailored to manage the infrastructural and logistical challenges unique to the region, while delivering services comparable to global e-commerce standards.

One of the platform’s standout innovations is its same-city, same-day delivery service, aimed at restoring consumer confidence in online shopping.

A gap bitMARTe intends to close.

Dr. Eke noted that delivery delays have historically discouraged Nigerians from relying on e-commerce for urgent purchases, a gap bitMARTe intends to close.

The platform also places strong emphasis on promoting Made-in-Nigeria products, offering buyers access to a wide range of locally produced goods without the restrictions commonly seen on other platforms.

This, according to the founders, will enhance affordability while supporting local manufacturers and merchants

To attract early adopters, bitMARTe has rolled out multiple promotional incentives. The first 5,000 users to register on the platform will receive a ₦1,000 gift card, while users who successfully refer others who make purchases will earn ₦1,000 per referral, with no cap on earnings.

First-time buyers will also enjoy additional rewards, creating multiple earning opportunities for active users.

Payment Safety

Addressing concerns around payment safety, Dr. Eke explained that bitMARTe operates a secure escrow-style payment system, ensuring that funds are only released to merchants after buyers confirm receipt and satisfaction using a unique verification code.

This mechanism, he said, provides strong protection against fraud and misrepresentation.

In addition, bitMARTe has established a robust quality assurance framework to ensure product accuracy and integrity. Items that fail to meet stated standards will be removed from the platform, while goods damaged in transit will be replaced at no cost to the buyer.

The company also pledged to investigate and address the root causes of such incidents to maintain high service standards.

bitMARTe’s customer service architecture

Dr. Eke emphasized that bitMARTe’s customer service architecture is deliberately buyer-centric, with centralized handling of interactions to ensure consistency, professionalism and fairness across the platform.

Beyond buyers, bitMARTe is also positioning itself as a growth partner for merchants.

In response to a question on its merchant financing model, Dr Eke disclosed that the platform plans to offer loans to active merchants after six months of operation, based on transaction history, cash flow and conduct on the platform.

He noted that access to affordable credit remains a major obstacle for Nigerian businesses, adding that bitMARTe’s financing model is designed to provide practical and sustainable loan terms, in contrast to the high interest rates typically charged by commercial banks.

Present at the launch

Also present at the launch were Mrs Tolu Ogungbade, Business Manager and Chief Operating Officer of bitMARTe, and Mrs Amaka Onaibre, Legal Adviser, who both reaffirmed the company’s commitment to transparency, compliance and long-term value creation for users and partners.

With its official launch, bitMARTe is now live and open to users across Nigeria, positioning itself as a technology-enabled commerce platform focused on speed, trust, local content and economic empowerment.

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Heirs Energies Secures $750 Million Financing from Afreximbank for Expansion

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Heirs Energies Limited, Nigeria’s leading indigenous integrated energy company, has secured a $750 million financing facility from the African Export-Import Bank (Afreximbank).

The deal was finalized during a signing ceremony in Abuja on December 20, 2025, attended by Tony O. Elumelu, CFR, Chairman of Heirs Energies, and Dr. George Elombi, President and Chairman of Afreximbank.

This transaction marks one of the largest financings ever obtained by an indigenous African energy firm, underscoring strong confidence in Heirs Energies’ operational track record, governance, brownfield expertise, and future growth potential.

Since taking over operatorship of Oil Mining Lease (OML) 17, Heirs Energies has implemented a rigorous turnaround strategy, emphasizing production recovery, asset integrity, and efficiency gains.

Through targeted interventions and infrastructure upgrades, the company has shifted from acquisition-focused funding to a sustainable capital structure suited to long-term reserve development.

Production has doubled since acquisition, rising from 25,000 barrels of oil per day (bopd) and 50 million standard cubic feet of gas per day (mmscf/d) to more than 50,000 bopd and 120 mmscf/d currently. All gas output is supplied to Nigeria’s domestic market, playing a key role in supporting national power generation.

The company has also overhauled community engagement and upheld top-tier health and safety standards.

The new Afreximbank facility will fund accelerated field development, production optimization, and strategic growth initiatives, all while adhering to strict capital discipline.Tony O. Elumelu, CFR, Chairman of Heirs Energies, commented: “This transaction is a powerful affirmation of what African enterprise can achieve when backed by disciplined execution and long-term African capital.

It reflects the successful journey Heirs Energies has taken—from turnaround to growth—and reinforces our belief in African capital working for African businesses. This is Africa financing Africa’s future.

”Dr. George Elombi, President and Chairman of Afreximbank, added: “Afreximbank is proud to support Heirs Energies at this pivotal stage of its growth.

This financing reflects our confidence in the company’s leadership, governance, and asset base, and aligns with our mandate to support African champions driving sustainable economic transformation across the continent.

”The deal highlights Afreximbank’s commitment to empowering indigenous operators capable of advancing energy security, sustainable development, and economic value throughout Africa.

With this funding in place, Heirs Energies is well-positioned for its next growth phase, prioritizing operational excellence, responsible resource management, and lasting stakeholder value.

Heirs Energies Limited is Africa’s leading indigenous-owned integrated energy company, dedicated to addressing the continent’s energy demands while advancing global sustainability objectives. It emphasizes innovation, environmental stewardship, and community development in the evolving energy sector.

The African Export-Import Bank (Afreximbank) is a Pan-African multilateral institution focused on financing and promoting intra- and extra-African trade, supporting industrialization, trade growth, and economic transformation.

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