The Federal Government has approved ₦493 billion for two major infrastructure projects, with strong potential to boost small businesses across Nigeria.
A total of ₦359 billion will fund a new Carter Bridge in Lagos, replacing the old structure that links Lagos Island to the mainland. Minister of Works, Dave Umahi, said the bridge will ease congestion, improve safety, and provide better access for commuters and traders. For SMEs, the project promises faster movement of goods, reduced transport costs, and wider market reach.
In the North, ₦134 billion has been set aside for the upgrade of the Kano–Katsina Road, a 152-kilometre corridor connecting key commercial centres.
The improved road will support agribusinesses, reduce travel time, and make it easier for farmers and small traders to move produce to markets.
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Beyond better infrastructure, both projects are expected to create thousands of jobs during construction and maintenance, providing SMEs in construction supply, logistics, and services with fresh opportunities.
Stakeholders say the investments mark a strong push by government to empower businesses, enhance trade, and strengthen Nigeria's economic backbone its SMEs.
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