FG begins payment of N2.75bn compensation for property owners on Lagos-Calabar coastal highway project

FG begins payment of N2.75bn compensation for property owners on Lagos-Calabar coastal highway project

The Minister of Works, David Umahi, has disclosed that the Federal Government will on Wednesday, May 1, pay N2.75 billion compensation to property own

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The Minister of Works, David Umahi, has disclosed that the Federal Government will on Wednesday, May 1, pay N2.75 billion compensation to property owners affected by the demolition necessary for the construction of the Lagos-Calabar Coastal Highway spanning from channel 0 to channel 3.

He revealed this information during a stakeholders meeting held in Lagos State on the same Wednesday.

More compensation is expected to be paid in coming days.

Recall that in April, Umahi said that affected property owners on the Lagos-Calabar Coastal highway project will be compensated in May.

According to the minister, although the right of way belongs to the Federal Government, the property owners will still be compensated.

Umahi said this while addressing property owners after an inspection of the project in Lagos State.

He said: “The Federal Ministry of Works will pay compensation; the President has directed me to pay compensation. We are not paying compensation on the shanties. We will engage one-on-one to review and document and there will be a written agreement; and then if we clear you within 72 hours, you will get your cheque.”

Reiterating that the Coastal design will not affect Landmark Beach, he said: “If all the problems I have along the Coast are that of Landmark, I would have gone to sleep because as far as I am concerned, there is no problem along the Landmark issue. But to say that over 12,000 jobs will be lost, no single job will be lost.”