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HomeBUSINESSNigeria Loses #10bn Daily On Apapa Gridlock | Trait News

Nigeria Loses #10bn Daily On Apapa Gridlock | Trait News

President of Dangote Group, Alhaji Aliko Dangote, at the end of a government/private sector meeting on how to resolve the Apapa traffic gridlock, disclosed that the Federal Government is losing over N10 billion daily, to the Apapa Wharf gridlock.

he also disclosed  to State House Correspondents that reconstruction will start on the Apapa-Oworonshoki Expressway by next week.

“Apapa-Oworoshoki Way is going to start next week. Everything, including the design, have been handed over. We will start work next week.

“The bidding process is going to go on where four, five contractors will bid. Anyone who wins the contract, we will fund the project under the agreement that we have,” the business mogul said. Upon completion, Dangote said the federal government would save a lot of money as against the current loss of over N10 billion daily.

“You have to understand that Apapa and Tin Can Island Ports handle about 80 percent of cargoes that come  into Nigeria. As we speak, some of our ships are waiting to come in from Lome and discharge. It is not because we don’t have anywhere to berth the ship but because all our operations are choked up, because we have containers, general cargoes that have actually been there and we are not able to remove.

“But, I am more worried about the smaller operators because for those that have imported, the charges are accumulating everyday. Transport charge has almost doubled.”

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