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FG to pay N7.13bn compensation on Lagos-Calabar coastal highway

The Minister of Works, Engr David Umahi, announced yesterday that the federal government has allocated N7.13 billion for compensation to those affected by the ongoing…

The Minister of Works, Engr David Umahi, announced yesterday that the federal government has allocated N7.13 billion for compensation to those affected by the ongoing demolitions for the Lagos-Calabar Coastal Highway project.

This sum is in addition to the N2.7 billion already paid to property owners impacted by the project as demolition activities continue.

The minister made this known on Wednesday evening while speaking with journalists at his residence in Centenary City, Abakaliki, the capital of Ebonyi State.

“As we speak, the demolition of shanties and some infrastructure is ongoing.

“We have paid compensation of about N2.7 billion, and we will begin to disburse another N7.13 billion in compensation starting Monday,” Umahi said. 

He noted that the federal government aims to complete the first section of the highway, which spans 47.47 kilometres, by May next year.

He added that a toll gate would be constructed to generate a return on investment.

“Section one is 47.47 kilometres, and we are working very quickly to ensure that by May 29th, we will have completed this section. We will then commission it with a toll gate, enabling the government to recoup its investment through toll revenue,” he stated. 

 

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