News
Mega Abidjan-Lagos corridor project enters operational phase with launch of governing board
Economic Community of West African States ECOWAS, and the African Development Bank Group held a two-day orientation and information session in Abidjan to induct the 10- member Board of Directors of the Abidjan-Lagos Corridor Management Authority (ALCoMA).
The session, held on 19 and 20 February 2026, forms part of the operational rollout of the Authority following the Board’s official swearing-in in December 2025 during the 22nd Ministerial Steering Committee meeting of the Abidjan-Lagos Corridor Highway Development Project.
Participants were introduced to the Corridor Treaty, which sets out the project’s vision, supranational status, and strategic objectives endorsed by the Heads of State of Côte d’Ivoire, Ghana, Togo, Benin and Nigeria.
The programme also reviewed findings from technical studies of the planned highway, alongside presentations on trade and transport facilitation, spatial development initiatives, value chains, logistics systems, and anchor economic hub projects.
Board members examined the institutional and legal framework governing the corridor project, including the treaty, intergovernmental agreements, and draft international instruments establishing both the highway and its management authority. The Board also undertook an initial review of its rules of procedure, charter, and the recruitment process for the Director General, administrators, and technical staff.
Leading the ECOWAS delegation, Chris Appiah, Director of Transport, underscored the importance of the integrated economic corridor model that combines infrastructure development with trade facilitation and socio-economic advancement. He urged stakeholders “to spare no effort to make this project a reality in the near future,” noting that a seamless cross-border highway would accelerate the region’s development.
Mike Salawou, Director for the Infrastructure and Urban Development Department at the African Development Bank Group, commended ECOWAS and participating countries for operationalising the Authority and reaffirmed the Bank’s role as mandated lead arranger.
He said the Bank would work alongside the ECOWAS Bank for Investment and Development (EBID) and other partners to mobilise financing for the project. “Our fellow citizens are waiting for us to move along this corridor, to carry out their socioeconomic activities and facilitate trade in our sub-region,” he stated.
As part of the session, delegates visited the fourth-largest bridge p The roject in Abidjan that has significantly eased congestion, particularly for residents of Yopougon, the country’s most populous municipality with an estimated two million inhabitants.
The African Development Bank Group mobilised about €600 million for the project, leveraging additional support from the Japan International Cooperation Agency (JICA) and the Global Environment Facility, which contributed €103 million and €6.4 million, respectively.
Stretching 1,028 kilometres, the Abidjan-Lagos Corridor Highway is envisioned as a transformative regional infrastructure linking five West African economies and serving as a key industrial and trade driver by 2030. The Bank Group has played a catalytic role in the project’s preparation, providing technical assistance and $25 million in early-stage support as feasibility and structuring activities near completion.
-
Finance1 day agoCBN reduces monetary policy rate to 26.5% as CPPE says transmission, fiscal discipline are critical
-
Finance1 day ago20 banks have fully met the new minimum capital requirements, 13 others are at advanced stage–Cardoso
-
News1 day agoGombe rakes in N40bn revenue, tax collection hits 500%
-
Economy1 day agoNigeria competing globally, needs stronger crypto regulation – CAC Ambassador
-
Oil and Gas1 day agoNigeria to start exporting new crude grade in March, further boosting output
-
News1 day agoOnly 4% of women worldwide live in economies that provide nearly full legal equality
-
Economy1 day agoDMO Offers 15.74% on 2033, 2034 reopened Bonds
-
Agriculture37 minutes agoLagos farmers excited over World Bank $500 million loan
