---
title: "FAB backs $1bn funding for Nigeria’s coastal highway"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/270948574.md"
description: "The UAE’s First Abu Dhabi Bank (FAB) and the African Export-Import Bank (Afreximbank) have jointly provided over $1 billion in funding for the construction of Nigeria’s major road infrastructure project. The Abu Dhabi-listed lender and Afreximbank will provide $626 million and $500 million, respectively, to build section two of the first phase of the Lagos-Calabar coastal highway, […]"
datetime: "2025-12-29T04:04:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/270948574.md)
  - [en](https://longbridge.com/en/news/270948574.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/270948574.md)
---

# FAB backs $1bn funding for Nigeria’s coastal highway

The UAE’s First Abu Dhabi Bank (FAB) and the African Export-Import Bank (Afreximbank) have jointly provided over $1 billion in funding for the construction of Nigeria’s major road infrastructure project. The Abu Dhabi-listed lender and Afreximbank will provide $626 million and $500 million, respectively, to build section two of the first phase of the Lagos-Calabar coastal highway, \[…\]

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