FG Releases N16 Billion to Compensate Coastal Road Property Owners

The Federal Government of Nigeria has disbursed N16 billion to compensate property owners impacted by the construction of the Lagos-Calabar Coastal Highway, a transformative infrastructure project along the nation’s coastline. Announced on April 6, 2025, this payout addresses the displacement caused by the road’s development, reflecting the government’s effort to balance progress with citizen welfare.

A Long-Awaited Resolution for Affected Residents

The Lagos-Calabar Coastal Highway, stretching 700 kilometers across nine states, began active construction in April 2024, though its concept has roots dating back over five decades. The project required significant land acquisition, leading to the demolition of homes and businesses. The N16 billion compensation targets those affected, particularly in the initial phase starting in Lagos, providing financial relief to property owners who have awaited resolution for nearly a year since groundwork commenced.

Driving Economic Growth Through Infrastructure

The coastal highway aims to revolutionize transportation and trade by linking Lagos to Calabar and easing pressure on existing routes. With the first 47.47-kilometer phase nearing completion—slated for commissioning in May 2025—the government views the project as a catalyst for economic growth. The compensation disbursement is a strategic move to minimize resistance, ensuring the project’s momentum as it progresses through coastal communities.

Economic Ripple Effects in Local Communities

For recipients of the N16 billion, this funding offers a chance to rebuild. Many property owners plan to reinvest in new homes, businesses, or local ventures, potentially revitalizing economies disrupted by the construction. The payout not only addresses immediate losses but also positions affected communities to benefit from the road’s long-term promise of improved connectivity and market access.

Strengthening Compensation Frameworks

This N16 billion release aligns with a broader governmental push to streamline compensation for infrastructure projects. Past delays in such payments have fueled public discontent and stalled development efforts. By acting decisively here, the administration signals a commitment to fairness, aiming to set a precedent for future projects as Nigeria accelerates its modernization agenda.