The House of Representatives has approved President Bola Tinubu’s request to secure a $516,333,007 foreign loan to fund parts of the Sokoto–Badagry superhighway project.
The green chamber gave its approval during Tuesday’s plenary after considering a report presented by Abdullahi Rasheed, deputy chairman of the committee on aids, loans and debt management.
The Sokoto–Badagry Superhighway is one of Nigeria’s major planned infrastructure projects aimed at improving road connectivity across the northern and southern regions of the country. The highway is designed to stretch from Sokoto in the northwest to Badagry in Lagos State, linking several states along its corridor.
Once completed, the project is expected to enhance interstate trade, reduce travel time, and ease the movement of goods and people across key economic zones. It will also connect major agricultural producing areas in the north with coastal and commercial hubs in the south, potentially boosting supply chains and market access.
The federal government has positioned the project as part of its broader infrastructure renewal agenda, with emphasis on improving road safety, expanding economic integration, and attracting investment along the route. It is also expected to generate employment opportunities during both construction and operational phases.
Sections of the highway will pass through multiple states, making it a strategic transport corridor for regional development and logistics. However, like many large-scale infrastructure projects, its implementation will depend on sustained funding, contractor performance, and coordination with state governments along the route.