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Nigeria secures a $747 million loan for its largest road project, boosting trade and jobs.
Nigeria has secured a $747 million loan to build the first phase of the Lagos-Calabar Coastal Highway, marking the country's largest syndicated road loan.
The project, led by Deutsche Bank, aims to enhance trade, tourism, and job creation.
The 47.47-kilometer stretch from Victoria Island to Eleko Village is already over 70% complete.
The loan reflects international confidence in Nigeria's economic reforms and infrastructure development.
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Nigeria obtiene un préstamo de $747 millones para su mayor proyecto de carretera, impulsando el comercio y el empleo.