Lagos-Calabar Coastal Highway: FG To Pay N2.75bn Compensation To Property Owners

The Federal Government has announced plans to pay N2.75 billion compensation to property owners affected by the demolition necessitated by the construction of the Lagos-Calabar Coastal Highway spanning from channel 0 to channel 3.

The Minister of Works, David Umahi, gave the information during a stakeholders meeting held in Lagos State on Wednesday, saying that the payment would kick off today, May 1st.

It was gathered that more compensation is expected to be paid in coming days.

It was recalled that the popular Landmark Beach in Victoria Island of Lagos State is affected by the ongoing project.

The Federal Controller of Works in Lagos State, Korede Keisha, also stated that the demolition team would commence the removal of the marked property, and anything within the right of way of the Lagos-Calabar Coastal Highway would be dropped down.

She had also asked all those whose houses were marked for demolition to come to the ministry’s secretariat in Lagos to sort out whatever process was required by the ministry.