The ECOWAS Bank for Investment and Development (EBID) has approved a $100 million facility for the construction of Section 1, Phase 1 of the Lagos-Calabar Coastal Highway project. This initial section spans approximately 47.7 kilometers, beginning at Ahmadu Bello Way in Lagos. The approval was granted during the Bank’s 92nd Ordinary Session of the Board of Directors, held in Lagos on Tuesday, July 2, 2025. The funding forms part of a broader regional strategy aimed at enhancing infrastructure, facilitating economic integration, and boosting intra-African trade across West Africa.