AfDB gives financing package to help build Nigerian road projectChristian Fernsby ▼ | June 28, 2019
Financing worth US$70 million is being provided by the African Development Bank (AfDB) for a key road project in Nigeria.
African economies Nigerian road
The project is expected to cost close to $168 million.
The route of the Ebonyi Ring Road intersects with the new highway being built to link Enugu in Nigeria with Bamenda in Cameroon at two interchanges.
This new ring road will provide better transport flow for the key north-south route in Eastern Nigeria, reducing journey times between the port of Calabar in the south and the county’s northern cities. ■