Federal Highway Modernisation
Resurfacing and widening 120km of federal road with smart lighting and tolling infrastructure.
Invest in Federal Highway
Join 1,480 investors funding this build. Minimum $50, KYC in under 5 minutes.
What you're funding
Resurfacing, widening and tolling of 120km across two federal trunk roads, structured as a build-operate-transfer concession with the Federal Ministry of Works. Toll revenue is collected via electronic gantries with a dynamic pricing model.
Project highlights
- BOT concession over 15 years
- Electronic free-flow tolling with ANPR cameras
- Solar street lighting along entire corridor
- Roadside service plazas with retail concessions
Project timeline
- Phase 1Due diligence & SPV setupSep 2025
- Phase 2Capital raise openNow
- Phase 3Construction & deploymentQ3 2026
- Phase 4Commissioning & first payoutQ1 2027
Financial structure
- Total project size
- $48M
- Endeleo allocation
- $6.4M
- Investor share
- 11% APR, semi-annual
- Payout cadence
- Semi-annual
How we mitigate risk
- Traffic ramp-up risk mitigated by a minimum revenue guarantee.
- Maintenance obligations funded from a dedicated O&M reserve.
Who's involved
Project your returns
Based on a target return of 11% APR over a 42-month tenor. Returns are contractual coupons, not guaranteed yields.
Charts update live as you adjust the investment amount.
Illustrative only. Actual returns depend on project performance and the SPV's cash waterfall.
Where your slice sits
A breakdown of how this project is financed. Higher tranches are repaid first from project cash flows.
- Diaspora senior debt← your tranche55%
- Sponsor equity25%
- Grant / concessional20%
How the raise is deployed
Every dollar is allocated against a line item in the project budget, audited quarterly.
- Resurfacing & widening works46%
- Tolling gantries & ANPR systems14%
- Solar street lighting & signage12%
- Service plazas & retail fit-out10%
- Right-of-way & land acquisition8%
- Contingency & O&M reserve10%
The people running this project
Sponsor operators, the Endeleo trustee and the independent fiduciary safeguarding your capital.
20+ years structuring infrastructure SPVs across West Africa. Former AfDB project finance.
Operator with a 15-year track record delivering transport projects across Nigeria.
FRC-registered fiduciary overseeing cash waterfall, escrow controls and investor reporting.
Live from the deal team
Every milestone, audit and operational change is published here before anywhere else.
- 12 Mar 2026Milestone
Capital raise crosses 50% on schedule
1,480 investors have committed to Federal Highway Modernisation. Construction tender opens next week as planned.
- 21 Feb 2026Operations
EPC contractor selection complete
Three pre-qualified contractors submitted bids. Selection panel includes our independent trustee and an external technical advisor.
- 05 Feb 2026Compliance
Quarterly audit report published
Big-four review of the SPV's escrow account and project accounts is now available in your data room.
Got a question about Federal Highway?
Send it directly to the trustee. We reply within one business day.
Documents & agreements
Review the full Information Memorandum and sign the Investment Agreement to confirm your subscription. All documents are reference VST-NG-HIG-2026.
Information Memorandum
For reviewFull disclosure pack for Federal Highway Modernisation: structure, financials, risks, partners and impact reporting.
Investment Agreement
Sign to investSPV subscription agreement governing your investment, payouts and exit rights. Counter-signed by the trustee.
By signing the Investment Agreement you confirm you have read the Information Memorandum, understand the risks, and meet Endeleo's investor eligibility criteria. Electronic signatures are legally binding under the eIDAS Regulation and the US ESIGN Act.
Questions investors ask
How is toll revenue verified?+
Independent auditors reconcile gantry counts, payment processor data and bank deposits monthly. Reports are published to investors.
Ready to back this project?
Join 1,480 investors already participating in Federal Highway Modernisation.