SalesVille Properties

Lagos to calabar Coastal road, Nigeria economic game changer

Idea Conception:

  1. Federal Executive Council Approval: The approval of the Lagos-Calabar coastal superhighway by the federal executive council marks the genesis of a monumental civil engineering endeavor in Nigeria’s infrastructure landscape.
  2. Monumental Civil Engineering Project: This project is poised to become one of the most significant civil engineering feats in Nigeria’s history, akin to the iconic Third Mainland Bridge that spans across the Lagos lagoon.
  3. Ambitious Road Infrastructural Development: Similar in scale to the Third Mainland Bridge, the Lagos-Calabar Coastal road signifies a new era of ambitious road infrastructure projects in Nigeria, showcasing the country’s commitment to progress and development.

Features:

  1. Length and Structure: Spanning approximately 700 kilometers, the coastal highway will feature dual carriageways with five lanes on each side, including a train track in the middle, ensuring efficient and multi-modal transportation.
  2. Integration and Connectivity: The road will traverse nine coastal states, integrating the north and south of Nigeria more seamlessly. Additionally, it will have two spurs connecting to Northern Nigeria, enhancing the movement of people, goods, and services across regions.
  3. Economic Corridors and Strategic Locations: The route encompasses strategic economic hubs such as the Lekki deep seaport and the Lekki economic corridor, where significant industrial developments like the Dangote Refinery are situated, driving economic growth and industrialization.

Advantages:

  1. Economic Growth Catalyst: Analysts predict a substantial boost to the economy, particularly for Lagos State, with estimates suggesting a potential 50% increase in the state’s economy due to enhanced connectivity to key economic centers and industrial zones.
  2. Real Estate Appreciation: The development of the coastal road is expected to trigger massive real estate appreciation in areas like Lekki, Ibeju-Lekki, and Epe, presenting lucrative investment opportunities for property buyers and investors.
  3. Reduction in Travel Distance: The coastal road will significantly reduce travel distances between major cities and states, exemplified by the shortened distance between Lagos and Ondo State to just 50km, which is approximately an hour journey, whereas the existing route from Ibeju-Lekki to Ore currently in use by motorists is 150 kilometres. leading to improved efficiency and productivity in transportation.

Government Commitment:

  1. Speed of Implementation: The swift mobilization of the contractor to the project site underscores the government’s commitment to timely execution, ensuring minimal delays and maximizing the benefits of the coastal road.
  2. Socio-economic Impact: Government officials, including the Commissioner of Information for Cross River State – Erasmus Ekpang, commend the project as a game-changer for socio-economic development, acknowledging its potential to transform local economies, particularly in agriculture and tourism.
  3. Leadership Recognition: President Bola Tinubu’s foresight and political will in championing the coastal road project receive accolades for addressing long-standing infrastructure needs and driving tangible socio-economic progress.

Amidst the anticipation surrounding the transformative impact of the Lagos-Calabar Coastal road, Salesville Properties invites you to explore lucrative real estate investment opportunities in burgeoning areas like Lekki, Ibeju-Lekki, and Epe. Book an inspection today by calling us on +2348146308595 Or +2348078755099 and secure your stake in the future of Nigeria’s economic landscape.

Scroll to Top