The Federal Government has revealed that N15bn out of the N18bn meant for the first phase of compensation to owners of demolished properties along Section One of the Lagos-Calabar Highway has been disbursed.
It disclosed this in Lagos on Sunday at a stakeholders’ meeting on the Lagos-Calabar Coastal Highway.
The Director of Federal Highways, Bridges, and Design at the Federal Ministry of Works, Bede Obioha, said the quantum of compensation was more than N18bn.
He said, “For Section 1, 47.7km, the quantum of compensation already put together is in excess of N18bn, and so far the contractor has managed to disburse over N15bn.
“Section 2 is being put together and as soon as all is done and necessary, we will now make the figure known as well. You will agree with me, we have been very transparent in all we are doing and engaging you as we get along.”
The Minister of Works, David Umahi noted that 30km out of 70km of the Lagos-Calabar Coastal Highway Phase 1, Section 1, will be inaugurated in May.
He said, “30km out of 70km of Channel Zero, Lagos-Calabar Coastal Highway to be commissioned in May 2025.”
It was earlier reported in November 2024 that a total of N18bn had been allocated to compensate affected property owners on section 1 of the Lagos-Calabar coastal highway.
Umahi also stated that everyone on the compensation list of section 1 of the coastal road would have been paid in 10 days.
While addressing the issue of compensation, Umahi said his hands were tied under the law for satisfactory compensation of all those affected.
