The House of Representatives on Tuesday approved President Bola Tinubu’s request to secure a $516.33 million loan from Deutsche Bank to finance Section I of the proposed Sokoto–Badagry Superhighway, a flagship infrastructure project under the administration’s Renewed Hope Agenda.
The approval followed deliberations by the Committee of Supply during plenary presided over by Speaker Tajudeen Abbas.
In a letter read on the floor of the Green Chamber, the President described the Sokoto–Badagry Superhighway as a transformative national project aimed at linking Nigeria’s far northwest to its southwestern coastline. The road, estimated to span about 1,000 kilometres, will run from Illela in Sokoto State to Badagry in Lagos State.
The proposed corridor is expected to cut across Sokoto, Kebbi, Niger, Kwara, Oyo, Ogun, and Lagos states, opening up key agricultural, commercial, and industrial hubs along its route.
According to Tinubu, the project is designed to boost economic growth by improving the movement of goods and people between the northern and southern regions of the country.
He noted that the highway would enhance connectivity, improve safety, and strengthen network performance, while reducing logistics costs and travel time through a high-capacity expressway linking producers to markets.
The President also said the project would support trade facilitation, improve food security, and promote national cohesion by easing access between production centres, markets, and ports.
Tinubu added that provisions have been made for future rail integration, with the central median reserved for rail lines, alongside corridors for utilities, ensuring long-term infrastructure flexibility.