Nigeria is losing N140 billion weekly because of Apapa road traffic - Dangote

Nigeria is losing N140 billion weekly because of Apapa road traffic - Dangote

- The gridlock on Apapa wharf is reportedly making Nigeria lose N140 billion weekly

- The gridlock is often caused by the terrible road leading to the wharf

- Dangote, Flour Mills and the federal government of Nigeria came together to contribute to reconstruct the road

The president of Dangote Group of Companies, Aliko Dangote, has revealed that Nigeria losses N140 billion weekly due to the heavy gridlock on Apapa-Oshodi road.

Dangote while talking about this to journalists in Lagos on Tuesday, June 20, said: “The economy loses more than N20 billion daily and N140 billion weekly. It affects businesses across the country.

"All our operations in the hinterland in Ilorin, in Kano are operating at 40 per cent maximum capacity."

According to Vanguard, Dangote lamented that the state of roads in Nigeria is killing businesses.

He said: “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 (ex-president Olusegun Obasanjo) started 13 years ago.”

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Recall that NAIJ.com reported that the federal government of Nigeria, Dangote and Flour Mills companies jointly sponsored the reconstruction of the road which is to start this week.

The Apapa road, according to minister of works, Babatunde Fashola, will be shut down for one year while reconstruction takes place on the road.

The project will reportedly cost about N4.34 billion.

Dangote while discussing his contribution on repairing the road, said: “Because it is very embarrassing! We can’t just sit and have a road like that where 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.

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"That is why we started on our own. Flour Mills said they will join us, but now government changed the design because they want all the cables and pipes underground and to have a more robust solution.”

“Both Dangote and Flour Mills are pumping in over N2.5billion for two kilometre 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.”

Meanwhile, the federal government has expressed its commitment to establish dry ports or Inland Container Depots (ICDs) in the country to create jobs for unemployed youths and diversify the economy.

The minister of transportation, Rotimi Amaechi said this on Tuesday, June 20 during the final inspection of the Kaduna Inland Dry Port.

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Source: Naij.com

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