Financing package to help build Nigerian road project

Financing worth US$70 million is being provided by the African Development Bank (AfDB) for a key road project in Nigeria. The 198km road project will help  improve transport in Ebonyi State, as well as between Nigeria and neighbouring Cameroon. 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.