IsDB 2026: ICIEC Backs $626m Lagos-Calabar Coastal Highway Financing to Boost Connectivity, Devt Impact in Nigeria

– Labelled Sukuk positioned as the next frontier for sustainable finance in MSsSunday Okobi in Baku, AzerbaijanThe 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 (IsDB), has declared its support for the financing of the Lagos–Calabar Coastal Highway-Phase II in Nigeria, thereby committing a total insured amount of USD 626 million in support of one of the country’s most strategically significant transport infrastructure projects.

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