The Minister of Works, Engr. David Umahi says the Lagos-Calabar Coastal Superhighway was gaining international recognition as one of its major financiers received a global award for his support.
Spokesperson to the Minister, Francis Nwaze disclosed this in a statement on Saturday.
Speaking during the inspection of Section 2 of the Lagos-Calabar Coastal Superhighway in Epe, Lagos State, on Friday, June 19, 2026, Umahi said the project had continued to draw admiration from international financial institutions, foreign governments and infrastructure experts because of its quality and strategic importance.
According to the Minister, Deutsche Bank, which led the funding of 70 percent of Sections One and Two of the projects, considered the highway undervalued when measured against the quality of work being delivered.
Umahi said the project had become a major attraction for international stakeholders seeking to understand the engineering standards being deployed on the coastal road.
Highlighting the growing international profile of the project, Umahi revealed that First Abu Dhabi Bank (FAB), one of the financial institutions involved in funding the highway, was honoured at the ongoing IsDB Group Annual Meetings 2026 in Baku, Azerbaijan, for its participation in the project.
“Just this week, the First Abu Dhabi Bank (FAB) that participated in the funding was given an award at the ongoing IsDB Group Annual Meetings 2026 in Baku, Azerbaijan, for participating in this wonderful, innovative project of President Bola Tinubu. Go and Google it and check it out. They participated with 656 million US dollars, and they were given an award”, he said.
