Nigeria loses N197bn to bad roads every year – Dangote

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Billonaire business man, Aliko Dangote, has said Nigeria loses $1bn (about N197bn) annually due to poor condition of roads in the country.

Dangote spoke on Friday during the inauguration of the 24km Itori-Ibese Concrete Road in Ewekoro Local Government Area of Ogun State. The road was built by his company,  Dangote Group, in collaboration with a Brazilian construction company, Andrade Gutierrez.

According to Dangote, the decision to introduce concrete roads in Nigeria was in line with what obtained in other parts of the world., adding that aside from being about 25 per cent cheaper than conventional asphalt roads, concrete roads last longer and do not require frequent maintenance.

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He further said the Marine Drive, a popular concrete road in Mumbai, India, was built in 1939 and that such roads have the capacity of saving about $3m on maintenance cost annually.

On the Itori-Ibeshe concrete road, Dangote said the construction was conceived in 2014 to allow his heavy duty trucks move from Ibese plant to other parts of the state and the country. He also disclosed that he also got approval from the Federal Government to construct Papalanto-Sagamu Road, which is in a deplorable state.

On the Ijora/Apapa- Wharf Road in Lagos State, being undertaken by his company as part of the company’s Corporate Social Responsibility, Dangote said it would be delivered before the end of the year.

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