ICIEC backs $626 mln Lagos–Calabar coastal highway financing to boost connectivity and development impact (opens in new tab)

_Economy · 2026-06-19 11:56_ **BAKU, Azerbaijan, June 19.** The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral credit and political risk insurer and member of the Islamic Development Bank Group, is pleased to announce its support for the financing of the Lagos–Calabar Coastal Highway – Phase II in Nigeria, committing a total insured amount of USD 626 million in support of one of the country's most strategically significant transpor...