Property owners on Lagos-Calabar road to get  N2.75b compensation

Property owners on Lagos-Calabar road to get N2.75b compensation

Property owners on Lagos-Calabar road to get  N2.75b compensation

Property owners affected by the demolition exercise carried out to give the right of way to the Lagos-Calabar Coaster Highway are to get N2.75 billion compensation from the Federal Government.

 

Works Minister, Dave Umahi disclosed this yesterday, May 1, while unveiling the new design routes for the 700-kilometre project in Lagos,

 

According to the Minister, the first batch of property owners affected by the construction got their compensation at the ceremony organised by the Federal Ministry of Works.

 

The highway is designed to connect Lagos to Cross River, passing through the coastal states of Ogun, Ondo, Delta, Bayelsa, Rivers and Akwa Ibom, before culminating in Cross River.

 

Controversy has trailed the project following the demolition of Landmark Beach Resort, valued at $200 million, to create a right of way for the project which is estimated to cost the federal government N15 trillion.

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