General
Nigerians to Pay to Access Lagos-Calabar Coastal Highway From December
By Modupe Gbadeyanka
From December 2025, motorists will begin to pay to use the controversial Lagos-Calabar coastal highway currently under construction, the federal government has hinted.
The Minister of Works, Mr Dave Umahi, gave this hint in a feature interview for an upcoming State House documentary marking President Bola Tinubu’s second anniversary.
On May 29, 2023, Mr Tinubu took over from Mr Muhammadu Buhari, and began some reforms, which have been unpopular among Nigerians because of the pains they have been made to go through.
On the Lagos-Calabar Coastal Highway, the Minister revealed that over 80 per cent of Section 1—spanning 47.47 kilometres from Ahmadu Bello Way to the Lekki Deep Sea Port and terminating at Eleko Junction—had been completed, adding that work is also progressing on Section 2, which covers 55 kilometres from Eleko Junction to the Lagos-Ogun border.
“By December, we will toll Section 1 of the Lagos-Calabar Coastal Highway. We project a 10-year return on investment. The road has solar-powered lighting and CCTV infrastructure and offers carbon credit advantages.
“It is more than a road—it is an economic corridor and a catalyst for regional growth. We have completed 30 kilometres of Section 1 and are on track to complete an additional 10 in Section 2. These are six-lane, concrete-paved highways.
“Just days ago, we flagged off Sections 3 and 3B—65 kilometres in total—covering 38 kilometres in Cross River State and 27 kilometres in Akwa Ibom. The host communities’ excitement speaks to these projects’ transformative impact,” he stated.
“God gave him the vision for the Lagos-Calabar Coastal Highway seven years ago. Today, he is actualising that vision. These projects testify to his unwavering commitment to national development and a better future for all Nigerians,” the former Governor of Ebonyi State added.
Giving an update on the Sokoto-Badagry Superhighway, Mr Umahi explained its historic significance, noting that the route was conceived during the Shehu Shagari administration over four decades ago.
“The Trans-Saharan Trade Route dates back to colonial-era planning. President Tinubu is now bringing these long-abandoned visions to life.”
He reaffirmed that the legacy projects are economically viable, environmentally sustainable, and forward-looking.
He also disclosed that all the governors in the Southeast region are supporting President Tinubu, urging the undecided, including the presidential candidate of the Labour Party in the 2023 general elections, Mr Peter Obi, to join the train.
He said the region was witnessing a new wave of federal attention and infrastructure development under his boss.
“The Igbo man is enterprising and blessed with God-given wisdom. What Ndi Igbo seek is fairness, Nigeria that treats every zone equally. That is what President Bola Ahmed Tinubu is doing.
“Before, when I was governor and deputy governor, one of our major concerns in Ebonyi State was the lack of federal presence. But today, nobody remembers that issue anymore. Under President Tinubu, at least four federal projects are ongoing in Ebonyi State,” he stated.
He noted that while cries of marginalisation used to dominate conversations in the South East, the current administration has made significant progress in addressing long-standing concerns about infrastructure and appointments.
“Today, the South East has a Minister of Works for the first time, and we’re seeing real projects—Port Harcourt to Enugu, Enugu to Abakaliki, Enugu to Onitsha, Onitsha to Owerri, and the Second Niger Bridge. The President has already paid 30 per cent of the cost of that bridge.
“All the governors in the South East, regardless of party affiliation, are working with the President. We’re even planning a summit to bring together all South-East leaders to endorse the President for the 2027 elections formally. We want our projects to be completed, the country’s unity to be strengthened and proper integration of Ndi Igbo,” Mr Umahi disclosed.
“Leadership is not about self—it’s about the people. If someone else is already doing what you would have done for your people, support him. I call on my brother, His Excellency Peter Obi, to join us and work with Mr. President.
“He must be part of this summit where we will collectively endorse President Tinubu for the 2027 election. I say it boldly: the South East is happy with the President”, he added.
By Adedapo Adesanya
The South African Consulate General in Lagos, in partnership with Brand South Africa and the Development Bank of Southern Africa (DBSA), is hosting the 4th edition of the South Africa Focus Week in Lagos, Nigeria, from April 22 – 26, 2026.
The annual platform continues to grow as a strategic initiative aimed at fostering social cohesion between South Africans and Nigerians while positioning South Africa as a preferred destination for business, tourism, and education. Since its inception in 2023, South Africa Focus Week has attracted over 1,500 participants, bringing together stakeholders from across sectors, including trade and investment, arts and culture, tourism, aviation, and the culinary industry.
The 2026 edition holds particular significance as it coincides with the 30th anniversary of South Africa’s democratic Constitution, enacted in 1996, as well as 32 years of unbroken diplomatic relations between South Africa and Nigeria, established in February 1994. These milestones underscore the enduring partnership between the two nations, rooted in shared history and strengthened through formal agreements and ongoing collaboration.
The 2025 economic relationship between South Africa and Nigeria reflects a strategically significant, multi-dimensional partnership anchored in trade, energy security, investment flows, and strong institutional cooperation. While bilateral trade remains structurally imbalanced – with South Africa exporting US$468.48 million and importing $1.69 billion, resulting in a $1.22 billion deficit – this dynamic is largely driven by South Africa’s reliance on Nigerian crude oil, positioning the relationship as one of strategic interdependence rather than imbalance alone.
This partnership is further elevated by the relative economic weight of both countries. According to IMF projections, South Africa’s economy is valued at approximately $443.6 billion, while Nigeria’s stands at around $334.3 billion in nominal terms for 2026. As two of the largest economies on the continent, their bilateral engagement constitutes a central axis of African economic activity, with disproportionate influence on the success of continental integration efforts.
Beyond trade, the relationship is reinforced by deep two-way investment linkages. South African firms -including MTN Group, Shoprite, and Standard Bank – maintain a strong presence in Nigeria, while Nigerian companies such as Access Bank and Paystack have established a growing footprint in South Africa. Although investment flows are asymmetrical and some Nigerian firms have faced operational challenges, these exchanges reflect an emerging bi-directional economic corridor that extends beyond goods trade into services, finance, and digital innovation.
Aligned with Brand South Africa’s mandate to build the country’s global reputation and competitiveness, the week-long programme will convene leaders from government, business, civil society, academia, and the media. Discussions will focus on leveraging the African Continental Free Trade Area (AfCFTA) as a tool for market access and global positioning, with Nigeria serving as a key focal point.
The South Africa Focus Week has features a series of high-level engagements and cultural activities designed to deepen economic ties and promote collaboration: South Africa–Nigeria Infrastructure Investment Conference (April 22, 2026) which was held under the theme South Africa–Nigeria Partnership: Unlocking Infrastructure Opportunities,” the conference will bring together key stakeholders in infrastructure development to explore collaborative projects in road, rail, and transportation systems.
The forum also examined the role of Public–Private Partnerships (PPPs) and facilitated discussions on project financing and implementation with institutions such as the DBSA and Nigeria’s Infrastructure Concession Regulatory Commission (ICRC).
This was followed by the 2nd Economic Diplomacy Roundtable (Thursday, April 23, 2026), which was hosted in partnership with MTN Nigeria under the theme Role of Technology in Infrastructure Development, the roundtable will convene senior government officials, private sector leaders, and industry experts to identify investment opportunities and strengthen strategic partnerships.
Friday, April 24, was for Arts and Culture Experience, which is a dedicated cultural day will showcase Lagos’ creative spaces and features a panel discussion on South Africa’s arts, film, music, and culture. The programme includes a South African film screening, engagements with filmmakers, and a networking reception aimed at fostering collaboration between the creative industries of both countries.
The event continues on Thursday, April 25, with Freedom Day Celebration and Closing Ceremony. This commemorative event will celebrate 30 years of South Africa’s Constitution, 32 years of freedom and democracy, and the enduring diplomatic relations between South Africa and Nigeria. The ceremony will also provide an opportunity to reflect on outcomes from the week and outline future areas of cooperation.
The celebration forms part of Brand South Africa’s Global South Africans Programme, which recognises and connects South Africans in the diaspora as ambassadors of the nation’s values and identity.
The week climaxes with the 4th edition of the South Africa Golf Tournament at Ikoyi Golf Club on Saturday, April 26, 2026, which will be done in partnership with Crossflex International.
According to a statement, the event aims to strengthen people-to-people relations through sports diplomacy, bringing together South African and Nigerian golfers in a spirit of camaraderie and collaboration.
By Modupe Gbadeyanka
The former chairman of the defunct Skye Bank Plc, Mr Tunde Ayeni, has been apprehended by the Economic and Financial Crimes Commission (EFCC).
Spokesperson of the anti-money laundering agency, Mr Dele Oyewale, confirmed the arrest of the businessman on Friday but declined to provide further details, according to TheCable.
Mr Ayeni was accused of diverting the N36.5 billion and $30 million loans from Polaris Bank Limited to companies with which he has links.
He was alleged to have obtained the credit facilities for marine security, electricity distribution, and real estate projects, but moved them to telecom investments tied to NITEL/MTEL assets via a NATCOM account.
After the Central Bank of Nigeria (CBN) revoked the operating licence of Skye Bank in 2018, it nationalised it to Polaris Bank.
The EFCC has been looking into the alleged diversion of funds by Mr Ayeni, resulting in his arrest in Abuja on Thursday, April 23, 2026.
He is being grilled over the matter and would be arraigned in court once the investigation is concluded.
This is not the first time Mr Ayeni has been nabbed and probed by the EFCC, as this happened a few months after his bank lost its licence.
The then acting spokesman for the EFCC, Mr Tony Orilade, said Mr Ayeni was quizzed by detectives over issues related to fraud and embezzlement allegedly committed by him when he was Chairman of the bank a few years ago.
By Adedapo Adesanya
“We are fully committed to working with the new Commissioner of Police and giving all necessary support towards the successful discharge of his responsibilities.”
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