President Bola Ahmed Tinubu’s administration has approved over N750 billion for the construction and rehabilitation of key roads across Nigeria, marking a significant step in the government’s push to modernize national infrastructure and stimulate economic growth
The approval, granted during the latest Federal Executive Council (FEC) meeting, includes a $652 million loan from the China Exim Bank to finance a strategic evacuation corridor.
This vital road network will link the Lekki Deep Sea Port, the Dangote Refinery—the largest in Africa—and its adjoining fertilizer plant to key southern states.
According to Minister of Works David Umahi, the projects will not only ease the movement of goods and services but also connect rural communities to major economic hubs. The initiative is expected to generate thousands of direct and indirect jobs, enhance inner-city mobility, and boost regional trade.
This move is part of a broader effort by the Tinubu administration to attract foreign investment and upgrade critical infrastructure across the country.
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