City Info
Dangote Laments Loss Of N25billion To Apapa Gridlock
Africa’s richest man and President, Dangote Group, Aliko Dangote, has lamented the loss of N25billion to Apapa gridlock.
Dangote noted that his companies located at the Apapa Port axis lost N25billion between 2017 and 2018 because of congestion at the port caused by gridlock in the axis.
He disclosed this while inspecting the ongoing reconstruction of the Apapa-Oshodi-Toll Gate with the Minister of Works and Housing, Babatunde Fashola.
Dangote said “We also operate inside the port. If you look at our income between 2017 and 2018, we lost over N25 billion because of congestion. We are able to produce but we are not able to come out of the port because of congestion of the port resulting from the gridlock in the Apapa axis”.
Commenting on the project, Dangote noted “Well, you have seen the quality of the road, and as the Minister has said, it will bring a lot of activities back to Apapa when it is completed. You must have seen a lot of containers and trucks all over the place because of the deplorable condition of the road which made a lot of businesses to relocate out of Apapa.
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“But with the completion of the road, businesses will return to Apapa. This road will actually open the economy, it will bring a lot of jobs and factories that have moved out to come back, and their businesses will prosper better than before.
Assuring that the road will be completed before the end of 2020, he said “We are grateful to the President for approving this road for reconstruction. That is why we are working day and night to be able to meet the delivery period on schedule and of high quality, and I can assure you that this will be one of the best roads not only in Nigeria, but Africa”, Dangote stated.
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