Public Management

Nigeria: Ministry of Works sign MoU with Dangote, NPA and Flour Mills to renovate Apapa road

Monday, 19 June 2017 19:53

A memorandum of Understanding (MoU) has been signed between the Ministry of Power, Works and Housing, the Dangote Group, the Nigerian Ports Authority (NPA) and Flour Mills of Nigeria, regarding the rehabilitation of the worn out 2km-long Wharf road in Apapa, Lagos.

Worth N4.34billion ($13million), the project will be carried out by the construction arm of the Dangote Group, AG Dangote and will last one year.

Speaking at the signing ceremony, the Minister of Power, Works and Housing, Babatunde Fashola (photo), explained that the project became important as the gridlock in Apapa had reached an unbearable level. He said the usage of road instead of rail for haulage by transporters aggravated the gridlock and made life unbearable for residents.

As a result of all these unsavory practices, we have reached a point of near total gridlock. It is difficult to move cargo in or out; difficult for residents to get home and this must stop,” he lamented.

According to Fashola, while the partners are funding the project, it is the responsibility of the Ministry to supervise it to ensure quality and compliance with standards.

He therefore, urged all Lagos residents to cooperate with the government and endure until the challenges are resolved.

Commenting on the project, Managing Director, Flour Mills of Nigeria, Paul Gbededo, said: “Apapa has become a very difficult place to work. With this project that the federal government has allowed to embark on, it will give succor to business. It has the biggest port in Nigeria and should not be taken with levity.”

Anita Fatunji

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
WAEMU foreign exchange reserves rose to about $33 billion by end-October 2025. Import cover increased to six months from 3.8 months in...
CardinalStone Capital Advisers plans to raise $120 million for its second SME-focused fund in West Africa. The International Finance...
CBK rates' cuts to 9.0%, is ending the 'rentier' era. Banks must now pivot from risk-free state bonds to private lending as inflation...
BNP Paribas entered exclusive preliminary talks with Holmarcom to sell its 67% stake in BMCI. Holmarcom already owns 2.41% of BMCI and acquired...
Most Read
01

Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...

Omer-Decugis & Cie Expands Mango Operations in West Africa
02

AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...

From Mobile Data to Farm Loans: How AI Is Expanding Rural Credit in Africa
03

This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...

Weekly Health Update | Africa Steps Up Essential Medicines Strategy, Despite Outbreaks, Funding Gaps
04

Investment bank BCID-AES established  in Bamako Bank aims to fund infrastructure, agricultur...

Sahel Alliance Establishes Investment Bank, Key Financing Decisions Pending
05

Standard Bank extended a USD 138 million facility to STEP, acting as sole arranger and advisor to ...

$138 Million Standard Bank Facility to Power Safaricom's Ethiopia Business Expansion
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.