🌿 Ruzu Non-Alcoholic Herbal Bitters
Ruzu Non-Alcoholic Herbal Bitters is a natural health supplement specially formulated to:
- ✅ Promote general wellness
- ✅ Detoxify the body
- ✅ Support the treatment of various ailments
Made from a powerful blend of 100% organic and medicinal herbs, Ruzu is completely alcohol-free, making it ideal for:
- 👪 All age groups
- 🌱 Health-conscious individuals
- 🌿 Anyone seeking non-alcoholic herbal remedies
Whether you're looking to boost your vitality, cleanse your system, or support healing the natural way, Ruzu Bitters offers a trusted herbal solution.
Phase 1 of the Lagos-Calabar coastal highway has been financed by a $747 million syndicated loan obtained by Nigeria.
The funding covers the 47.47-kilometer distance between Victoria Island and Eleko Village in Lagos, according to a statement released on Wednesday by Mohammed Manga, the ministry of finance’s director of communications and public relations.
According to Manga, the funding represents the first syndicated road infrastructure loan of such magnitude in Nigeria and is a clear indication of international investors’ faith in the nation’s infrastructure pipeline and reform trajectory.
He claimed that in addition to other regional and foreign lenders, Deutsche Bank participated in the syndicate and served as the global coordinator, initial mandated lead arranger, and bookrunner.
The director further mentioned that partial insurance for commercial and political risk was offered by the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).
According to him, “the syndicate includes support from development finance institutions, export credit agencies, and international commercial banks—particularly First Abu Dhabi Bank, which is acting as an agent across all facilities and an intercreditor agent, whose involvement underscores its strong and growing support for Nigeria.”
The African Export-Import Bank, the Abu Dhabi Exports Office (ADEX), the ECOWAS Bank for Investment and Development (EBID), Nexent Bank N.V. (formerly Credit Europe Bank N.V.), and Zenith Bank (via its offices in the UK, Paris, and Nigeria) were among the other lenders.
“Hitech Construction Company, a top infrastructure company in Nigeria, was given the project, which is structured as an EPC+F (Engineering, Procurement, Construction + Financing) contract.”
According to Manga, the framework seeks to establish a strategic alliance between the public and private sectors, facilitating the smooth integration of technical implementation and funding options.
It allows for expedited project completion while maximizing private sector participation in the nation’s key infrastructure, the statement claims.
He claimed that more than 70% of the highway’s phase 1 section 1 construction is already finished.
Read Also: Boss Mustapha: Buhari Became President on Merit, Not by Anyone’s Making
The highway’s Continuously Reinforced Concrete Pavement (CRCP) construction shows a dedication to long-term efficiency and robustness. It delivers exceptional durability and cost-effectiveness and is engineered to last at least 50 years with little maintenance, according to the statement.
In order to ensure compliance with the highest international standards, the project’s design and execution have been influenced by thorough technical, legal, environmental, and social assessments.
A crucial commercial and logistical route, the Lagos-Calabar Coastal Highway would boost tourism, regional integration, lower transportation costs, and generate employment. To guarantee the project’s operational and financial sustainability, a tolling scheme is presently being finalized.
“These procedures will help to assure long-term survival by supporting a structure that is self-sustaining and underpinned by concessions. Regional and international investors are very interested in the financing that is currently being arranged for the next phases.
The historic deal, according to Manga, shows how international financial institutions have reengaged with Nigeria as a result of daring macroeconomic reforms and a dedication to completing transformative, bankable projects.
“TRANSACTION SIGNALS TO INVESTORS: NIGERIAN MARKET MaturITY”The success of Nigeria’s macroeconomic reforms and the return of foreign investment to spur its development are reflected in the transaction, according to Wale Edun, minister of finance and coordinating minister of the economy.
He said that the deal is an example of the government’s strategy in action and stated that it is committed to financing infrastructure through sustainable, transparent, and revolutionary methods.
According to Edun, “the closing of this market-defining financing is yet another testament to Mr. President’s commitment to accelerate the private sector’s participation in infrastructure financing and development.”
It puts the nation in a position to fully embrace public-private partnerships for the planning, building, funding, and management of vital public infrastructure.
It conveys to investors and private sector players the level of maturity and sophistication of the Nigerian market as well as the government’s dedication to upholding the integrity of contracts and using creative financing methods to finance vital national projects that will promote inclusive and long-term growth.
The transaction represents a statement of confidence in Nigeria’s economic reform strategy, according to Works Minister David Umahi.
“This funding establishes a solid precedent for future public-private infrastructure partnerships, and the Lagos-Calabar Highway is a strategic national asset,” he stated.
Dany Abboud, general director of Hitech Construction Company Limited, said he was proud to have completed the coastal highway project.
“With more than 70% of Phase 1 Section 1 finished, we are demonstrating that Nigerian engineering can meet international standards with the support of structured international finance,” Abboud stated.
“Unmatched durability and cost-efficiency are guaranteed when CRCP technology is used.”
Chief executive officer Khalid Khalafalla of the ICIEC also spoke, expressing delight in working with the Nigerian government and other financiers to complete the Lagos–Calabar coastal highway project.
“We are opening up essential infrastructure that will reduce traffic, promote regional trade, and propel inclusive economic growth through ICIEC’s sovereign risk coverage solution,” he stated.
The initiative, according to Khalafalla, would create jobs, boost local skills, and assist small and medium-sized enterprises, highlighting ICIEC’s strong commitment to sustainable development, enhanced regional connection, and shared prosperity throughout West African communities.
