Owners of properties affected by the demolition carried out to make way for the Lagos-Calabar Coaster Highway are set to receive compensation totaling N2.75 billion from the Federal Government.
This announcement was made by the Minister of Works, Dave Umahi, during the unveiling of the new design routes for the 700-kilometer project in Lagos on May 1st.
Umahi revealed that the first group of property owners impacted by the construction received their compensation during a ceremony organized by the Federal Ministry of Works.
The highway aims to establish a vital link between Lagos and Cross River, traversing through the coastal states of Ogun, Ondo, Delta, Bayelsa, Rivers, and Akwa Ibom before reaching its destination in Cross River.
The project has not been without controversy, particularly concerning the demolition of the Landmark Beach Resort, valued at $200 million, to clear the right of way for the highway. The overall cost of the project is estimated to be around N15 trillion for the federal government.
