… as Nigeria sets to unlock offshore hydrocarbons, gas, solid minerals untapped riches

Oredola Adeola

President Bola Tinubu has revealed that the construction of the 700km Lagos-Calabar Coastal Highway, will complement the United Nations to grant an extension of Nigeria’s continental shelf by an additional 16,300 square kilometres.

Tinubu made this submission on Sunday when he visited the Ahmadu Bello Way, Victoria Island, Lagos, to flag-off the project, being part of activities marking his administration’s first anniversary.

The President stated that Nigeria’s strategic coastal highway project will prevent the Atlantic Ocean from encroaching on critical sections of the country’s coastal shoreline, while also linking the A1, A2, A3, and A4 highway corridors vertically crossing the western, central and eastern regions of the country, north to south.

According to him, the project will also complement the expansion of the country’s maritime industry in the wake of the recent decision by the United Nations to grant Nigeria an extension of its continental shelf by an additional 16,300 square kilometres.

He said, “Today is my day to boast. The deal is done. The dream is realizable. The determination to build a nation of prosperity is possible.

President Tinubu who said, “We must take advantage of these opportunities,” also added that the establishment of more export processing zones along the coastal states must be a priority for the country.