Mr Babatunde Fashola (SAN), Minister of Power, Works and Housing, yesterday said the Federal Government would spend aggressively on fixing decrepit infrastructure to revive the nation’s ailing economy.
Fashola, who spoke at the inauguration of a 24km Itori-Ibese concrete road in Ogun State, also said the President Muhammadu Buhari- led administration was committed to alleviating the sufferings of Nigerians.
The road was built by AG-Dangote Construction Limited as part of the company’s corporate social responsibility projects. At the event, founder of Dangote Group, Alhaji Aliko Dangote, urged the government to review the existing method of building roads in Nigeria.
Dangote said the economic losses due to poor road network are about $1billion an-nually, stressing that concrete pavement would permanently address the challenges being faced by the country in road construction.
Ogun State Governor, Senator Ibikunle Amosun, former governors Olusegun Osoba and Niyi Adebayo of Ogun and Ekiti states, Chairman of Forte Oil Plc, Mr. Femi Otedola, former Deputy Governor of Central Bank of Nigeria (CBN), Mr. Tunde Lemo, Olu of Ilaro and Paramount Ruler of Yewaland, Oba Kehinde Olugbenle and managing director of AG-Dangote Construction Limited, Ashif Juma, were among the dignitaries in attendance. In his remarks, Fashola stated that the Federal Government would consider cement concrete for some of its road projects across the country.
The minister added that this informed why the Federal Executive Council (FEC) approved and awarded the construction of 42.5km Obajana-Kabba road to Dangote’s company.