No be small matter o! President Bola Tinubu don commot talk say dem don close $1.26 billion deal wey go finance Phase 1, Section 2 of the Lagos–Calabar Coastal Highway. E talk say this one na big boost for Nigeria infrastructure wahala.

For statement wey him Special Adviser on Information and Strategy, Bayo Onanuga talk, Tinubu praise Federal Ministry of Finance, Ministry of Works, and the Debt Management Office wey work hand in hand to secure this funding. Him eye dey shine for all di work wey dem don do, as e mean say progress go dey waka uninterrupted for dis project.

Tinubu come yan say dis financing na clear sign sey him government dey serious to find better ways to fund important national projects. According to am, dis Lagos-Calabar Coastal Highway na major paddy for their economic and infrastructure agenda.

Dis project wey Phase 1, Section 2 dey cover about 55.7 kilometres, go connect Eleko for Lekki to Ode-Omi. E sabi say dis section go help boost economic corridors, make logistics better, plus improve trade connections nationwide.

No forget say dem don secure $747 million before for Phase 1, Section 1, wey make dis whole project dey interesting to international investors. First Abu Dhabi Bank (FAB) dey run di funding package, plus support from Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) too. This na ICIEC first transaction for Nigeria since dem don change some levels for law and structure.

SkyKapital na di Lead Financial Adviser for di transaction, while dem bring in Earth Active (UK) for environmental and social advisory to make sure say everything dey in line with international Environmental, Social, and Governance (ESG) standards. Legal sides na Hogan Lovells and Templars, wey dey help with the contracts.

Wale Edun, di Minister of Finance and Coordinating Minister of di Economy, come talk say dis deal na serious step for Nigeria infrastructure journey. E assure say dem go use di funds sabi, so dem fit deliver di project on time. Dis transaction na one of di largest wey ICIEC don support since di institution waka come exist.

Make we no forget say Hitech Construction Company Limited dey handle di actual construction of di highway, and dem don receive plenty praise from lenders because of di quality and speed wey dem dey use to dey run di project. Na so e be, my people! Naija dey grow, no be small!