As part of Dangote Industries Limited’s commitment to the
Federal Government of Nigeria, Group President Aliko Dangote took the Nigerian
Minister of Works and Housing, Babatunde Fashola on an inspection tour of the
35-kilometer Apapa-Oshodi-Oworonsoki-Ojota 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 subject of 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, Aliko Dangote 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. “This road will actually open up the economy.
It will bring a lot of jobs and a lot of factories that have moved out will be
able to move back.”
The road is on track to be concluded before the end of 2020.
This is the first attempt to rehabilitate the busy road since it was first
completed in 1978.
source: APO
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