Coastal highway: Nigerian govt to pay N2.75bn compensation today

The Minister of Works, David Umahi, has confirmed the Federal Government will, on Wednesday (today), pay N2.75 billion in compensation to property owners affected by the demolition ahead of the construction of the Lagos-Calabar Coastal Highway spanning from channel 0 to channel 3.

Umahi disclosed this during a stakeholders meeting held in Lagos State on Wednesday.

More compensation is expected to be paid in coming days.

He said, “To show sympathy for people who voted for Mr President, we would do everything possible to pay the human face compensation.

“Today, we are paying over N2bn in compensation just from channel 0 to channel 3.”

Umahi noted that the compensation being done was a flag-off for 10 people, directing that the rest of those to be compensated should go to the Secretariat of the Compensation Committee for payment.

He added, “All tenants within the Landmark premises, today, have all been shortlisted and they will get the alerts by 2:00 pm.

“Most of them are here and that closes the politics of Landmark.

The minister directed the remaining uncompensated property owners to the compensation committee

“All the people should meet with the committee.

“The committee will be sitting from 2:00 pm so that you will sign your documents in the form of indemnity and you will get your alert tomorrow before 2:00 pm.”