FMR. PRESIDENT OBASANJO CALLS N15.6TN LAGOS-CALABAR COASTAL HIGHWAY PROJECT WASTEFUL

Former President Olusegun Obasanjo has described the N15.6tn Lagos-Calabar Coastal highway project as wasteful and corrupt.

He equally slammed the President Bola Tinubu administration for spending N21b on a new official residence for Vice President Kashim Shettima, calling it a misplaced priority and conduit designed to embezzle public funds.

The ex-leader disclosed this in his new book where he painted the portrait and characters of chief executives at both the federal and state levels.

The book was one of the two new books unveiled to mark Obasanjo's 88th birthday last week

The Minister of Works, David Umahi, had revealed that the 700km Lagos-Calabar Coastal Highway will cost N4.93bn per kilometre, stating that the contract was awarded on a counterpart-funding basis and not a Public-Private Partnership.