Nigeria’s flagship Lagos-Calabar Coastal Highway project has received international recognition for its innovative financing structure at the 2026 Forum of the Islamic Development Bank (IsDB), highlighting the country’s efforts to deliver major infrastructure projects through sustainable funding mechanisms.

The recognition was announced during discussions at the IsDB Forum, where experts and policymakers examined successful approaches to financing large-scale infrastructure across developing nations. The Lagos-Calabar Coastal Highway project was cited as a notable example of how governments can leverage strategic partnerships and alternative funding models to drive economic development.

The highway, one of Nigeria’s most ambitious road infrastructure projects, is expected to improve connectivity along the country’s coastline, facilitate trade, reduce travel time, and stimulate economic activities across several states.

Officials noted that the project’s financing framework demonstrates how innovative investment strategies can help bridge infrastructure gaps while reducing pressure on public finances. The recognition by the IsDB Forum is seen as a vote of confidence in Nigeria’s infrastructure development agenda and its commitment to attracting investment for critical national projects.

Stakeholders at the forum emphasized the importance of sustainable financing solutions in addressing infrastructure deficits across Africa and other developing regions. They noted that successful projects such as the Lagos-Calabar Coastal Highway can serve as models for future developments aimed at boosting economic growth and regional integration.

The Lagos-Calabar Coastal Highway remains a key component of the Federal Government’s transportation and economic development strategy, with expectations that the project will enhance mobility, create jobs, and support long-term national growth.