AfDB, ECOWAS move to secure funding for Abidjan-Lagos highway project

The African Development Bank Group, in collaboration with the Economic Community of West African States, has intensified efforts to mobilise financing for the Abidjan-Lagos highway, a major regional infrastructure project linking five West African countries.

The development followed the conclusion of a multi-country mission across Côte d’Ivoire, Ghana, Togo, Benin and Nigeria, aimed at securing investment commitments for the construction and long-term operation of the 1,028-kilometre corridor.

The proposed highway is expected to significantly enhance regional integration by improving connectivity along one of West Africa’s busiest economic routes, while also facilitating trade and movement of goods under the African Continental Free Trade Area.

The mission brought together key stakeholders, including government officials, regional financial institutions, and private sector players, to advance discussions on funding structures, project design, and implementation strategies.

Officials involved in the engagement highlighted the urgency of securing adequate financing to avoid delays that could hinder the project’s economic potential, particularly in addressing infrastructure gaps and supporting industrial growth across the sub-region.

Technical consultations during the mission also focused on ensuring that the project incorporates environmental and social safeguards, alongside climate-resilient infrastructure standards.

The highway, once completed, is expected to serve as a major economic corridor, supporting cross-border trade, logistics efficiency, and regional value chains.

The African Development Bank, which is leading the initiative, has already committed financial support for preparatory activities, with the project now advancing into its investment phase.

Under an existing regional agreement, the highway will be developed and managed as a single transnational asset, overseen by a dedicated corridor management authority to ensure seamless coordination among participating countries.

Experts say the project represents a critical step towards building a more integrated and competitive West African economy, particularly as countries seek to maximise the benefits of continental trade frameworks.

Hot this week

NSDC targets sugar self-sufficiency with $1bn investment, N10bn fund

By Lucy Ogalue The National Sugar Development Council (NSDC) is...

Analysts urge line-by-line scrutiny as 2026 budget implementation begins

Fiscal-governance analysts and civil society organisations have called for...

Phase Two: The Customers ProvidusUnity Bank Left Behind

Abuja, Wednesday, August 5, 2026 Three days after ProvidusUnity Bank...

DEVELOPING: A Day after Go-Live, ProvidusUnity Customers Still Locked Out

Tuesday, August 4, 2026 More than 24 hours after ProvidusUnity...

Four Years to 2030: New Report Warns Africa Is Falling Behind Its Own Deadline

Africa has less than five years left to hit...

Topics

NSDC targets sugar self-sufficiency with $1bn investment, N10bn fund

By Lucy Ogalue The National Sugar Development Council (NSDC) is...

Analysts urge line-by-line scrutiny as 2026 budget implementation begins

Fiscal-governance analysts and civil society organisations have called for...

Phase Two: The Customers ProvidusUnity Bank Left Behind

Abuja, Wednesday, August 5, 2026 Three days after ProvidusUnity Bank...

DEVELOPING: A Day after Go-Live, ProvidusUnity Customers Still Locked Out

Tuesday, August 4, 2026 More than 24 hours after ProvidusUnity...

PEBEC Facilitates Timely Passport Renewal Following Citizen’s Complaint

Lucy Ogalue The Presidential Enabling Business Environment Council (PEBEC) has...

ECA calls for urgent action to transform informal work into sustainable jobs for Africa’s youth

The United Nations Economic Commission for Africa has called...
spot_img

Related Articles

Popular Categories

spot_img