Talk about News appears On Tuesday, Umahi said the controversy around Lagos Coastal Highway – Calabar Affected projects and property should not be misinterpreted as government hostility towards investors.
“Yes, there are still and there are still cases in court. The first case involved 39 people whose property was destroyed. They were evaluated and paid, even for Shantiies.
“The president directs us to pay because he wants to reduce their problems,” the Minister explained.
He expressed concern that this problem was being politicized and that certain comments might create unnecessary fear among prospective investors abroad
“I want to take the woman because when she uses the problem of diaspora investors, it makes others – investors who generate genu – on the contrary.
“This government is very friendly with the diaspora, and we will not allow it to use names and damage the government,” Umahi said.
The minister noted that some diaspora investors who currently live in Nigeria have asked for a meeting to discuss the project details, adding that he is open to involve them directly.
“Diaspora investors who live in Nigeria have sent a letter and want to come to the office to see me. I am willing to see it,” he stressed.
Umahi assured that regardless of the delayed court cases, working on the Lagos -Calabar beach highway continued to grow steadily.
“The coastal highway is very good, very competitive. We are in session two now. We have opened sessions of three and three B – 65 kilometers in Calabar,” he said.
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The controversy comes from the dismantling of the connected property Winhomes Estate Along the project corridor, several investors, including Nigeria in the Diaspora, claims are part of an $ 250 million investment.
Responding to the claim, Umahi questioned the authenticity of the numbers circulated.
“If it is really $ 250 million invested, where is the proof? Who pays money and through which bank? Nigeria is worth knowing,” he said.
Umahi emphasized that government actions were guided by legal processes and compensation procedures, emphasizing that legal challenges would not thwart road projects or damage friendly investor friendly policies.
Mayowa Oladeji
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