NewStats: 3,261,308 , 8,173,652 topics. Date: Wednesday, 28 May 2025 at 07:42 PM 5fg

The Federal Government has hinted that the construction of coastal routes in Nigeria has the potential to attract foreign investment and contribute to a stronger naira.

The Minister of Works, Sen. Dave Umahi, gave the hint at the unveiling of the new design routes for the Lagos-Calabar Coastal Highway project on Wednesday in Lagos. According to Umahi, the government’s plan to improve infrastructure is ultimately to aim for an economic revolution in Nigeria.

He said, “We talked about our economy, that it needs foreign investments. These roads are going to be constructed with concrete pavements, and it’s C+F, which means that there is foreign investment that will come in, and this foreign investment will strengthen and stabilise the naira.

“I’m very happy that the President has directed me to begin the design of one of the spurs linking to this coastal route, and that is the Sokoto-Badagry, which was conceived by the President Shagari istration.

“It’s going to connect the ongoing Lagos-Badagry routes that is being done by the federal government and state government. There is also another route, which is the Enugu-Abakaliki-Ogoja-Cameroun-African Trans-Sahara route. The coastal routes is also going to connect.

“The Sokoto-Badagry is 1,000 kilometres from the spur of the Trans-Saharan trade routes down to Apo in Abuja, which is 461 kilometres. It means that anyone that is travelling from Sokoto to Lagos will do it in about 10 hours, and travelling from South-East to Abuja will do it in a maximum of about five hours.These are the benefits of the coastal routes.’’

The minister also addressed criticism surrounding who gets credit for developing the coastal routes in Nigeria.He said that some people were upset that President Bola Tinubu was associated with the project, saying, the criticism is misplaced anger and a way to attack Tinubu without understanding the bigger picture.

Umahi said, “Some people are already bitter as to why it should be President Bola Tinubu who is the one to develop these coastal routes, as they will be a lasting legacy for generations to come. That is just their own anger. So, they look for an avenue to attack. But it’s all about darkening counsel without knowledge.’’

He argued that the project’s long-term benefits outweighed political squabbles, which, according to him, will leave a positive impact on future generations.

Furthermore, Umahi explained how the coastal routes, envisioned by Tinubu when he was then governor of Lagos State, would significantly improve the functionality of the Lagos deep seaport.

He said that the coastal routes, which would facilitate trade within Nigeria and potentially boost economic growth, would allow ships to directly access the deep seaport, eliminating the need for expensive transloading due to insufficient water depth.

“And many ships that were paid for transloading right now from Togo, from the way the sea had insufficient water depth, we’re going to be sending them money because this coastal route is going to be an evacuation corridor for that deep seaport.

“So, no more transloading. They go straight to the deep seaport and are offloaded, and you can have your goods. If you’re going to Northern part of Nigeria, you just come straight to Badagry and then now to Sokoto.

“And this Sokoto is cutting across Kebbi, Niger, Kwara and so on and so forth; that of the South-East is cutting across Benue, Kogi and Nassarawa-Enugu-Ogoja routes. These are tough decisions, and these are for economic revolution,’’ Umahi said. (NAN).

https://www.vanguardngr.com/2024/05/construction-of-coastal-routes-can-strengthen-naira-fg/

Just blabbing gibberish! Yours is an import - dependent economy, not producing anything, the naira depreciation against the Dollar is because you are depleting the foreign reserves to subsidized the dollar, investors are leaving your country causing forex flight and all causing weakening of the naira hence the economy.

The clueless government is borrowing here and there to fund this project with humongous debt servicing burden to go with and no assurance of completion because of the institutionalized corruption and lack of ability and probity

Yet Umahi is yarning trash.This imp has a sawdust for a brain for saying such shitcrap. Now you can know that that the obstinacy of the rudderless, impactless, and directionless APC government to embark on this so called coastal highway construction is simply because they have a sinister intention

Only deceive your gullible followers.
Shamelessly stay on that job for not only eight years, but close to twenty five years!

Cantonese:
Only deceive your gullible followers. Shamelessly stay on that job for not only eight years, but close to twenty five years!

Bunch of economic illiterates in an accidental government.

".....Some people were upset that President Bola Tinubu was associated with the project, saying, the criticism is misplaced anger and a way to attack Tinubu without understanding the bigger picture.

Some people are already bitter as to why it should be President Bola Tinubu who is the one to develop these coastal routes, as they will be a lasting legacy for generations to come.

Relevant questions Umahi ought to ask include;
-1). Was a proper EIA done for this project?
-2). Were the affected parties duly informed & compensated?
-3). Where will the funds be sourced from and how will it be paid back( given the nation debt burden @ present?),
-4). What is the assurance that it will not end up as another white elephant project( like the economic disaster of an airport he left in Ebonyi state & other FG projects still bestridding the nation?),
-5). And is this project a pressing problem for Nigeria @ present?

This Dave Umahi has made it a devotion to be a chronic asslicker with no iota of sense. He has forgotten this is how the Buhari he overhyped for years ended up being the most useless and corrupt president Nigeria has ever had until the catastrophe he has now shifted attention to prove to Nigerians within one year that Buhari is even a Saint

"Lagos -calabar coastal highway project can strengthen the Naira"



It's now obvious that Umahi have become a propagandist

Let me agree that HE Engr Dave Umahi exaggerated the story but there is no denying the fact that Nigeria will greatly benefit from the Coastal Road project especially cities,villages, towns and states located along the Coastal Road.I will speak directly on the villages and towns in Lagos,Ogun and Ondo State that will benefit from the Coastal Road project

Let me start with Lagos State:
From the Dangote Refinery End of the Coastal Road located in Ibeju Lekki,villages like Ise,Oshorko,Lekki Town,Igbogun will come alive with the Coastal Road
This communities are located very close to Ocean and will further create more opportunities for Investors to locate resorts and hotels, tourist beaches when the project is completed

Ogun State
The project is expected to go through the Ogun Waterside LGA.This community shares boundaries with Ibeju Lekki LGA and the Atlantic Ocean.The whole LGA will see an increment in business opportunities. I call that LGA one of the most hidden secret of tourism in Nigeria
With beautiful beaches, lagoons and waterfront the Coastal Road will bring the much needed investment to that community

Ondo State
It is expected that a bridge will connect the Ogun State End with the Ondo State End,the bridge will make Landfall in a town called Araromi.It is a riverine community home to good aquatic life and also close to the oil producing communities in Ondo State

This project will create thousands of jobs,cut travel time and create massive development in Coastal communities that have been abandoned by their state government, if this is not enough to continue with the project, then I don't know what is

He said, “We talked about our economy, that it needs foreign investments. These roads are going to be constructed with concrete pavements, and it’s C+F, which means that there is foreign investment that will come in, and this foreign investment will strengthen and stabilize the naira.“

People that can explain this statement better should enlighten us. I tried to google what C+F means and it’s engineering related.

Any strength it can bring the Naira, local production can bring us ten times of it.

CodeTemplar:
Any strength it can bring the Naira, local production can bring us ten times of it.

Obi's idea of local production is to set up a brewery factory and open a NEXT supermarket where virtually all its goods are imported.

Bringing trading mentality into an economic discussion will always expose the shallow mindset of a typical SE

Faiththatworks:
Let me agree that HE Engr Dave Umahi exaggerated the story but there is no denying the fact that Nigeria will greatly benefit from the Coastal Road project especially cities,villages, towns and states located along the Coastal Road.I will speak directly on the villages and towns in Lagos,Ogun and Ondo State that will benefit from the Coastal Road project

Let me start with Lagos State:
From the Dangote Refinery End of the Coastal Road located in Ibeju Lekki,villages like Ise,Oshorko,Lekki Town,Igbogun will come alive with the Coastal Road
This communities are located very close to Ocean and will further create more opportunities for Investors to locate resorts and hotels, tourist beaches when the project is completed

Ogun State
The project is expected to go through the Ogun Waterside LGA.This community shares boundaries with Ibeju Lekki LGA and the Atlantic Ocean.The whole LGA will see an increment in business opportunities. I call that LGA one of the most hidden secret of tourism in Nigeria
With beautiful beaches, lagoons and waterfront the Coastal Road will bring the much needed investment to that community

Ondo State
It is expected that a bridge will connect the Ogun State End with the Ondo State End,the bridge will make Landfall in a town called Araromi.It is a riverine community home to good aquatic life and also close to the oil producing communities in Ondo State

This project will create thousands of jobs,cut travel time and create massive development in Coastal communities that have been abandoned by their state government, if this is not enough to continue with the project, then I don't know what is

You forgot to mention opening up Olokola FTZ in Ogun state where LNG multi billion dollars investment is.

I don't know why it's only people from the SE that wants the FG to halt the project..The SS that there resources are being drilled are fully in , even Atiku, a northerner didn't condemn the project.He only wants due process to be followed.

Tinubu ers believe this!

Ttalk:


Obi's idea of local production is to set up a brewery factory and open a NEXT supermarket where virtually all its goods are imported.

Bringing trading mentality into an economic discussion will always expose the shallow mindset of a typical SE

Obi that is an opportunist.He invested a whole #4 billion naira of Anambra money into Oriental refinery since 2012, till now the refinery is yet to refine a barrel of crude oil.

The mental state of all APC people needs to be checked.

Umahi washing tinubu’s dirt
This road reeks of money laundering
Overinflate a contract, chagoury gives you your cut in fx abroad


The two thieves that aided Abacha are back in tinubu’s government

Chagoury and bagudu

This umahi should just focus on his work and stop blabbing upandan!!!!

CAN or WILL?... WE WANT AFFIRMATION PLEASE.

Racoon:
Relevant questions Umahi ought to ask include;
-1). Was a proper EIA done for this project,
-2). Were the affected parties duly informed & compensated,
-3). Where will the funds be sourced from and how will it be paid back( given the nation debt burden @ present?),
-4). What is the assurance that it will not end up as another white elephant project( like the economic disaster of an airport he left in Ebonyi state & other FG projects best bestridding the nation?),
-5). And is this project a pressing problem for Nigeria @ present?

This Dave Umahi has made it a devotion to be a chronic asslicker with no iota of sense. He has forgotten this is how the Buhari he overhyped for years ended up being the most useless president Nigeria has ever had until the catastrophe he has now shifted attention to prove to Nigerians within one year that Buhari is even a Saint

Okay now compare the response above with the ones below,
You see how weak their brains are, they can't ask any questions since they are incapable of it.

this is what APC and islam reduces your brain to, it will leave your reasoning retarded, just see what adults, people's breadwinner, people that one unfortunate woman carried nine months in pain are saying?
Nigeria is gone under these dogs, not normal dogs ooo, that bingo that you normally see near Dustbin, eating pampers, with exposed ribs and flies.

Jogs1900:

Obi that is an opportunist.He invested a whole #4 billion naira of Anambra money into Oriental refinery since 2012, till now the refinery is yet to refine a barrel of crude oil.

Ttalk:
Racoon the baboon is here with his IPOBIC opinion driven by bitterness and jealousy.

These are irrational minds that descend on anyone who has a different opinion about Nigeria. They can kill their parents the moment they agree with the present government.

You will cry for 30 years until you get old and depressed, no be curse, na reality of your agony I dey warn you about

Is he ok

Lamidi Amoda Sangodele is putting himself under real pressure because by 2026, this road will not be more than Ogun State

Hahaha

WHAAAAAAAAAATTTTTTTTTTT?

This dude is an illiterate, or these guys think all Nigerians are aboki

DAve Umahi say the construction of road go strengthen naira... This is what he said. lmao!

This man don de chop Amala and ewedu

This man just wan make igbos start the day with anger. Lol. Baba they don’t know that roads like this attracts so many foreigners who want to connect spiritually to African nature.

What does the South of Nigeria truly want?

We lament that a Northerner built roads even into Niger Republic and sited many projects in his region.

Now a Southerner is in power and providing good projects that are not minimalist infrastructure, yet those lamenting the most are the same Southerners who lamented against the Northerner.

Lies

Lagos/Calabar Yahoo Coaster Highway Project

This makes sense.. to the poor people who are on this forum defending Tinubu. A man that was asked to test the microphone and he licked it.

Okay na, the desperation to do this project without following due process is my concern