We lost about N25 Billion due to bad road, Apapa-Oshodi road to be one of the best in Africa when completed – Dangote
LAGOS, Nigeria, December 30, 2019,/ — As part of Dangote Industries Limited’s commitment to the Federal Government of Nigeria, Group President/
CE of Dangote, Aliko Dangote took the Minister of Works and Housing, Babatunde Fashola on an inspection tour of the 35-kilometre Apapa-Oshodi-Oworonsoki-Oj ota highway currently under construction by Dangote Industries Limited.
The work began in 2018, as part of a bargain between the company and the Federal Government to enjoy a 10-year tax rebate that accrues to N72.9 Billion. The road has been subjected to heavy traffic flow. An initial attempt to work on the road fell apart, it was approved for N15 Billion in 2013, work on the road stopped after the 2015 general elections.During the inspection, Fashola told members of the press, “The Federal Government is dedicated to the speedy completion of the highway to provide a lasting solution to the problems of bad roads, and gridlocks”
Previous efforts by both Federal and State governments to solve this bottleneck have been unsuccessful. Group President/CE, Dangote Industries Limited, Aliko Dangote during the inspection said;
“We expect that by the end of 2020, the entire road network will be finished, you will have a road that will last for 40 years.”
Speaking on Dangote Industries Limited’s struggles, Dangote complained about the congestions at the ports, the gridlock which cost the company about N25 billion in revenue between 2017 and 2019 financial year.
Praising the quality of the road been constructed, Dangote assured that it will revive commerce around the Apapa area.