The President spoke from the Ahmadu Bello Way, Victoria Island, Lagos end of the project, which would traverse nine states along Nigeria’s coastal shoreline.
Presidential spokesman Ajuri Ngelale, in a statement on Sunday in Abuja, said it would link the A1, A2, A3, and A4 highway corridors vertically crossing the western, central and eastern regions of the country, north to south.
Starting from Lagos and terminating in Cross River, the coastal highway will include a spur to the north-central part of the country.
From Victoria Island, Tinubu also performed the virtual inauguration of the design and procurement for the 1,000km Sokoto-Badagry Highway.
This project is expected to connect Sokoto to Badagry in Lagos State and pass through Kebbi, Niger, Kwara, and Oyo States.
In addition, Tinubu virtually inaugurated the design and procurement for the 461km Enugu-Abakaliki-Ogoja Road, which will traverse Benue, Kogi, and Nasarawa States, terminating at Apo in the Federal Capital Territory (FCT).
The President, who is in Lagos to inaugurate projects as part of activities marking his administration’s first anniversary, also performed the virtual inauguration of the reconstruction and rehabilitation of 330 roads and bridges across the six geo-political zones of the nation.
The President commended the Minister of Works, David Umahi, for being diligent and for his efforts toward the qualitative execution of the strategic coastal highway project.
He also applauded the Chairman of Hitech Construction Company, Ambassador Gilbert Chagoury, and Ronald Chagoury, whose company is handling the project, for being worthy stakeholders and for believing in the future of Nigeria.
“Together, we worked to tame the Atlantic, and we turned a disaster into a great asset of value. We lost weight and took insults, but eventually, we tamed the Atlantic.
“We achieved our goals,” the President said, recounting how the indigenous company successfully executed a project to prevent the Atlantic Ocean from encroaching on critical sections of the Lagos shoreline.
“Today is my day to boast. The deal is done. The dream is realisable. The determination to build a nation of prosperity is possible. We said we would build this road, and we are determined to do it.
“Do not be afraid. We will do this road, and it will be a success for Nigeria, and we will do even more of this,” the President said.
Tinubu said the project would ensure that future generations have a good landmark and memory to treasure while serving as a good precedent set for others to follow in the timely provision of world-class infrastructure.
“We have a road that will outlive all of us here. That is how to build the future. This project is more than a mere road. It is a symbol of hope, unity, and prosperity.
“It will connect communities, bring prosperity to people, and create opportunities for millions of our people. For our nation to excel, we just have to be bold and courageous in our endeavours,” the President said.
Listing the benefits and opportunities to be created by the construction of the 700km road, the President said it would provide direct employment for thousands of people and indirect jobs for tens of thousands.
He added that it would open economic opportunities for millions of people, fast-track economic development, provide 30 million people with improved access to production and marketing centres, and facilitate the free movement of people.
He said the project would also complement the expansion of the country’s maritime industry in the wake of the recent decision by the United Nations to grant Nigeria an extension of its continental shelf by an additional 16,300 square kilometres.
“We must take advantage of these opportunities,” the President said, adding that the establishment of more export processing zones along the coastal states must be a priority for the country.
Umahi announced that the President had directed that sections 3 and 4 of the Lagos-Calabar Coastal Highway project should commence from Akwa Ibom and Cross River States respectively.
Emphasising that due process was followed in awarding the contract for the transformative project, the Minister described Tinubu as a visionary and courageous leader.
Umahi disclosed that over 40 new projects are ongoing across the country and that all compensations up to kilometre 6 of the Lagos-Calabar project have been paid.
The Oniru of Iruland in Lagos State, Oba Abdulwasiu Lawal, whose domain the road will course through, assured the President that the community would ensure the removal of all bottlenecks.
He stated that his people have made painful sacrifices for the project to materialise and called for adequate compensation for them.
In separate remarks, three Governors – Babajide Sanwo-Olu of Lagos; Abdulrahman Abdulrazaq of Kwara, and Hope Uzodinma of Imo described the wide-ranging support from sub-nationals as a vote of confidence and support for the landmark project.
