P
ProfRem
Guest
The President of Dangote Group, Aliko Dangote, has explained that Nigerian economy incurred a huge loss of N20 billion daily on the Apapa-Wharf road, which affects businesses across the country.
Dangote in a media chat on Tuesday said: “The economy loses more than N20 billion daily. It affects businesses across the country. All our operations in the hinterland in Ilorin, in Kano are operating at 40 per cent maximum capacity.”
“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 on his resolve to be personally involved in the Apapa- Wharf road reconstruction, he said: “More than 60 per cent of our country’s import and exports come through the port and we leave it unattended. 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.”
To help in bringing the cost down, he explained that he forced his company to do it at a zero profit. According to him, “Both Dangote and Flour Mills are pumping in over N2.5 billion for the 2 kilometres double lane on each side making a total of 4 kilometres.”
The Federal Government last weekend handed over the troubled road to Dangote Industries Limited and Flour Mills of Nigeria Plc. (FMN) for immediate reconstruction with concrete overlay.
The Memorandum of Understanding (MoU) was signed by the FG, DIL, NPA and the FMN.
Dangote in a media chat on Tuesday said: “The economy loses more than N20 billion daily. It affects businesses across the country. All our operations in the hinterland in Ilorin, in Kano are operating at 40 per cent maximum capacity.”
“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 on his resolve to be personally involved in the Apapa- Wharf road reconstruction, he said: “More than 60 per cent of our country’s import and exports come through the port and we leave it unattended. 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.”
To help in bringing the cost down, he explained that he forced his company to do it at a zero profit. According to him, “Both Dangote and Flour Mills are pumping in over N2.5 billion for the 2 kilometres double lane on each side making a total of 4 kilometres.”
The Federal Government last weekend handed over the troubled road to Dangote Industries Limited and Flour Mills of Nigeria Plc. (FMN) for immediate reconstruction with concrete overlay.
The Memorandum of Understanding (MoU) was signed by the FG, DIL, NPA and the FMN.
