President Bola Ahmed has urged Nigerians to remain patient with his administration, assuring them that positive changes are coming despite current economic difficulties.
Speaking during the inauguration of the first phase of the Lagos-Calabar Coastal Highway, a 30km segment of the 750km project, he acknowledged citizens’ hardships but emphasized that progress is being made.
Key Highlights from Tinubu’s Address:
- Economic Improvements: The President noted a decline in inflation, reforms in the foreign exchange system, and the near-elimination of fuel subsidy corruption.
- Call for Patience: Tinubu appealed to Nigerians, stating, “The hope is here and it is realisable.” He assured citizens that sacrifices made now will yield long-term benefits.
- Warning to Developers: The President issued a strict warning against unauthorized developments on federal land, stating that such structures would not be compensated.
- Humanitarian Compensation: Despite legal exemptions, Tinubu directed payments for affected properties along the highway route, with ₦18 billion already disbursed.
Project Details:
Minister of Works David Umahi clarified that the Lagos-Calabar Coastal Highway is a six-lane road with a 60-meter corridor. He also addressed concerns about the Landmark property, stating that only shoreline encroachments were removed, in line with a Supreme Court ruling granting the federal government control over 250 meters from the coast.
Additionally, he instructed state governors to reserve 500 meters from federal highways for future tolling infrastructure.
