Nigerian investors living abroad have appealed to President Bola Tinubu to restore the original route of the Lagos-Calabar coastal road.
According to them, they are not happy with the diversion of the coastal road between Chainage 16 and 17.
In a statement on Sunday by Dr. Olubokun Basorun, Femi Adekoya, an engineer, Dr. Kimberly Stark and Dr. Arinze Onwumelu, the investors said that their properties, valued at over $250 million, are now inaccessible and have lost their value due to the road diversion.
They argued that this diversion questions the government’s commitment to transparency and accountability.
“This project, started in 2022, was meant to provide affordable housing and boost Nigeria’s economy,” the statement read.
“However, the Ministry of Works decided to divert the road, delaying the project and rendering our investments worthless.
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“Both the federal government and Nigerians deserve better. We demand the immediate restoration of the original road alignment and accountability from those involved.”
The investors stressed that President Tinubu’s Renewed Hope agenda prioritizes infrastructure development, and the diversion undermines this vision.
“We urge the President, known for his wisdom and responsiveness, to intervene immediately.”
The group also pointed to a court order from October 24, 2024, which warned all parties to respect legal processes and avoid actions that could disrupt the court’s authority.
They added: “We will continue to demand transparency and ensure that the rights of Nigerians at home and abroad are protected from such impunity.”