MINISTER OF WORKS INITIATES PRIVATE SECTOR DISCUSSIONS FOR ROAD INFRASTRUCTURE INVESTMENT

The Minister of Works, Engr. Nweze David Umahi, has initiated discussions with concessionaires and private sector organizations to encourage private investment in Nigeria's road infrastructure.

Minister of Works, Engr. Nweze David Umahi, has initiated discussions with concessionaires and private sector organizations to encourage private investment in the country's road infrastructure, following the model of advanced economies. The Special Adviser (Media) to the Minister, Orji Uchenna Orji, disclosed that the minister held a closed-door meeting with the Governor of Taraba State, Dr. Agbu Kefas, as well as with Alhaji Aliko Dangote, the founder and CEO of Dangote Group of Conglomerates, and Chief Tony Elumelu, the founder and chairman of Heirs Holdings, at the Federal Ministry of Works.

 

Umahi had previously established three committees to review the scope and cost implications of projects undertaken by concessionaires under the Highway Development and Management Initiative (HDMI). This private sector initiative aims to expedite the revolution of road infrastructure and bring order, accountability, and profitable entrepreneurship to Federal Highways’ operations, management, and maintenance.

 

The Governor of Taraba, a retired military professional and former chairman of the Governing Board of Directors of the Nigerian Maritime Administration and Safety Agency (NIMASA), participated in the meeting. Alhaji Aliko Dangote, a prominent figure in African industry, and Chief Tony Elumelu, a leading investor, were also present. Both individuals have made substantial investments in infrastructure development in Nigeria.

 

The Minister of Works hopes that local and international investors, as well as organized bodies, will take advantage of the government's commitment and the professional capacities of the Hon. Minister of Works to invest in the 35,000 km national road network managed by the Federal Government of Nigeria. This network carries over 70% of vehicular traffic in the country, making it a critical infrastructure for the movement of goods and services across the nation. The initiative is expected to stimulate economic development, job creation, local content development, and wealth creation for the Nigerian population. The support of investors and organized bodies is crucial to the success of this initiative, which aligns with the government's efforts to elevate the country and make it a source of pride for the African continent.


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