Nigeria Loses N140bn To Apapa Road Traffic On Weekly Basis – Dangote

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Nigeria Signs N4.34bn Mou With Dangote For Reconstruction Of Apapa Wharf Road

President of Dangote Group, Aliko Dangote, has commended the decision of the federal government to reconstruct the failed Apapa-Wharf road, adding that there is also a huge loss of about N140 billion to the government on a weekly basis.

Nigeria To Spend N100 Billion To Fix Apapa Road

Speaking to reporters on Tuesday, Dangote said:

“The economy loses more than N20 billion daily. It affects businesses across the country. All our operations in the hinterland in Ilorin and in Kano are operating at 40 per cent maximum capacity.”

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Aliko Dangote: Bloomberg via Getty Images

He further lamented the state of roads in the country, saying:

“Today, there is no linkage road going from South-west to the North. You have to go all the way through Ajaokuta, Obajana, Lokoja and you have to go by that uncompleted road Obasanjo started 13 years ago.”

Commenting in his resolve to personally get involved in the Apapa-Wharf road reconstruction, he said:

“Because it is very embarrassing! We can’t just sit and have a road like that which it is the heart of the trade of the country. More than 60 per cent of our country’s import and exports come through the port and we leave it un-attended. That is why we started on our own. Flour Mills said they would join us, but now government changed the design because they want all the cables and pipes underground and to have a more robust solution.”

To help in bringing the cost down, he explained that he forced his company to do it at zero profit.

According to him, “Both Dangote and Flour Mills are pumping in over 2.5billion for two kilometres double lane on each side making a total of four kilometres.”

He further explained that the biggest job “is drainage, because that is what is destroying the road. We will make sure this problem is sorted out once and for all. This thing should not be allowed to happen. We started discussion with the government over one year and we are happy that we have been given the opportunity to finally fix it.”

The federal government last weekend handed over the troubled road to Dangote Industries Limited (DIL) and Flour Mills of Nigeria (FMN) for immediate reconstruction with concrete overlay.

Nigeria Signs N4.34bn Mou With Dangote, Others For Reconstruction Of Apapa Wharf Road

The memorandum of understanding (MoU) on the construction of the road was signed by the federal government, DIL, NPA and the FMN.

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Datboyjerry

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