Tinubu Unveils Lagos-Calabar Highway Job Creation Plan

President Bola Tinubu stated that the Lagos-Calabar Coastal Highway could contribute 2% to Nigeria’s Gross Domestic Product (GDP) by enhancing trade, tourism, and industrial activity, while creating an estimated 250,000 direct and indirect jobs. The project is expected to lower logistics costs along the corridor by 15% to 20%.

Tinubu made this announcement in a statement titled "From Reforms to Delivery: Our Infrastructure Investment and Growth Strategy," issued on October 30, 2026. The highway is projected to generate about 100,000 direct jobs in construction and engineering, alongside over 150,000 indirect jobs in related sectors.

Tinubu also linked the highway to Nigeria's goal of becoming a $1 trillion economy by 2030, emphasizing the need for sustained infrastructure investment. He recently requested Senate approval for a supplementary external borrowing plan of $20.52 billion and €1.05 billion for 2026–2027 to finance infrastructure projects across Nigeria.