Government of Nigeria: Coastal Routes Construction to Boost Naira Value

The Minister of Works in Nigeria, Dave Umahi, emphasized the potential of constructing coastal routes in Nigeria to attract foreign investments and contribute to a stronger naira. Umahi shared this insight during the unveiling event of the new design routes for the Lagos-Calabar Coastal Highway project held in Lagos.

He expressed that the government’s infrastructure enhancement plans are geared towards fostering an economic revolution in Nigeria.

Umahi highlighted, “Enhancing our economy requires foreign investments. The construction of these routes with concrete pavements under CPC+F specifications will pave the way for foreign investments to flow in, thereby bolstering and stabilizing the naira.”

He also mentioned that he was tasked by the President to initiate the design process for a spur that connects to the coastal route, specifically the Sokoto-Badagry route, an initiative that originated during the administration of President Shagari.

In response to criticism regarding the credit for developing the coastal routes in Nigeria, the minister addressed the issue. He pointed out that individuals expressing discontent over President Bola Tinubu’s association with the project are misguided. According to Umahi, such criticism reflects misplaced displeasure and aims at attacking Tinubu without grasping the broader vision.

He advocated that the enduring advantages of the project surpass current political disputes, emphasizing that the positive impact will resonate for future generations.