AfDB secures $15.6bn for Lagos-Abidjan highway corridor

The President of the African Development Bank, Dr Akinwumi Adesina, announces that the bank has secured $15.6bn for the construction of the Lagos-Abidjan highway corridor, which would ease transportation across West Africa.

He made this announcement during the 2021 Africa Investment Forum virtual boardroom closing session on Thursday.

The AfDB president said, “The biggest deal for the boardroom is the $15.6bn deal for the Lagos-Abidjan highway corridor. The 46-lane highway corridor will connect Lagos, Cotonou, Lome, Accra and Abidjan.”

 According to him, this project would support trade in West Africa, impacting the lives of over 500 million people, reducing transport costs and increasing intra-regional trade volume

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