Nigeria has secured a $652 million loan from China Exim Bank to build a key road linking the Lekki Deep Sea Port, the Dangote Refinery, and parts of the southern region.
This road project aims to improve transport flow and strengthen the connection between major industrial zones. Once completed, it will reduce traffic delays and make cargo movement faster and more efficient.
The government views this project as a vital step in boosting economic growth. Authorities believe it will support trade, create jobs, and attract more investment to the Lekki Free Trade Zone.
Officials confirmed that the project timeline will be carefully managed to ensure quick and high-quality delivery. They emphasized that the road will serve as a major logistics route for the country.
By securing this loan, Nigeria shows its continued commitment to improving infrastructure and expanding its industrial reach. The road project stands as a major move toward better connectivity and national development.
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