FG Allocates N7.13 bn for Compensation on Lagos-Calabar Coastal Highway
The Minister of Works, Engr David Umahi, revealed the other day that the federal government has actually designated N7.13 billion for settlement to those impacted by the continuous demolitions for the Lagos-Calabar Coastal Highway job.
This amount remains in addition to the N2.7 billion currently paid to homeowner affected by the job as demolition activities continue.
The minister made this understood on Wednesday night while speaking to reporters at his home in Centenary City, Abakaliki, the capital of Ebonyi State.
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“As we speak, the demolition of shanties and some facilities is continuous.
“We have actually paid settlement of about N2.7 billion, and we will start to pay out another N7.13 billion in payment beginning Monday,” Umahi stated.
He kept in mind that the federal government intends to finish the very first area of the highway, which covers 47.47 kilometres, by May next year.
He included that a toll gate would be built to create a roi.
“Section one is 47.47 kilometres, and we are working extremely rapidly to guarantee that by May 29th, we will have finished this area. We will then commission it with a toll gate, making it possible for the federal government to recover its financial investment through toll income,” he mentioned.