President Bola Tinubu has said the Lagos-Calabar Coastal Highway project could generate approximately 250,000 direct and indirect employment opportunities while contributing up to two per cent to Nigeria’s Gross Domestic Product (GDP).
The President said the ambitious infrastructure project would play a significant role in expanding economic activities, improving transportation networks and strengthening connectivity across Nigeria’s coastal communities.
According to Tinubu, the highway is expected to reduce logistics costs, facilitate the movement of goods and services, and create new opportunities for businesses operating in different sectors of the economy.
The project, which is designed to connect Lagos with Calabar in Cross River State, is one of the major infrastructure initiatives of the Tinubu administration.
It is expected to pass through several coastal states, providing a new transportation corridor that could improve access to markets, tourist destinations and industrial locations.
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Tinubu explained that the economic benefits of the highway would exten beyond road transportation, with construction activities expected to stimulate demand for labour, building materials, equipment and other services.
The projected 250,000 jobs are expected to come from both direct employment associated with construction and indirect opportunities generated through supporting businesses and economic activities along the corridor.
The construction sector is expected to benefit through increased demand for engineers, technicians, construction workers, transport operators and suppliers of building materials.
Small and medium-sized enterprises could also benefit from commercial opportunities created around construction sites and communities along the highway.
The President further noted that improved connectivity could reduce the time and expenses associated with transporting agricultural produce, manufactured goods and other commodities across different parts of the country.
For businesses, lower logistics costs could improve competitiveness, reduce operating expenses and encourage investment in new production facilities.
The highway is also expected to support tourism by improving access to coastal destinations and encouraging the development of hospitality businesses, recreational facilities and other tourism-related services.
Nigeria’s coastal region possesses significant economic potential, including maritime activities, fishing, agriculture, tourism and industrial development.
However, inadequate transportation infrastructure has continued to limit the ability of some communities and businesses to fully exploit these opportunities.
The government sees the coastal highway as part of a broader infrastructure development strategy aimed at improving national connectivity and supporting economic diversification.
Despite the projected benefits, the project has also attracted public attention over concerns surrounding its cost, environmental implications, land acquisition and the impact on communities along the route.
Questions have also been raised about the need for transparency, adequate compensation and compliance with environmental regulations.
The government will therefore face the task of ensuring that construction progresses while addressing concerns raised by affected communities and other stakeholders.
Tinubu’s projection of a two per cent contribution to GDP highlights the administration’s expectation that the project will become an important driver of economic growth.
Ultimately, the highway’s success will depend on timely completion, effective maintenance and the extent to which the infrastructure translates into jobs, investment and improved economic opportunities.