Nigeria has secured $652 million in funding from China’s Exim Bank to build a major road linking the Lekki Deep Sea Port and the Dangote Refinery in Lagos to several southern states.
Public Works Minister David Umahi says the project was approved by the Federal Executive Council, chaired by President Bola Tinubu.
The new route will serve as a key trade corridor, easing the movement of goods from the port, Africa’s largest refinery, and a fertiliser plant to at least a dozen states.
This initiative is the latest in a series of Chinese-funded infrastructure projects in the country.
