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2 clusters · 4 sources · 5 days · First seen · Last updated

Dangote Group highway project in Nigeria

Overview

The Nigerian federal government has launched a ₦1.83 trillion ($1.37 billion) project to reconstruct and dualize the 401-kilometer Lambata-Bida-Mokwa-Makera-Kontagora road in Niger State. The project is being financed by the Dangote Group through the government’s tax-credit scheme, allowing the conglomerate to recover costs via tax credits.

Construction is utilizing continuously reinforced concrete pavement (CRCP) rather than traditional asphalt, a method Works Minister David Umahi stated is more durable and resistant to climate damage. The project, which was approved by the Federal Executive Council on June 29 to replace a previous failed contract, involves simultaneous construction at four locations to accelerate progress.

According to Mansur Ahmed, a special adviser to the president of the Dangote Group, the group’s total investment in Nigerian roads has now exceeded ₦5 trillion ($3.75 billion).

Entities

Dangote Group · Bola Tinubu · David Umahi · Nigeria · Federal Government of Nigeria

Timeline

  1. [BUSINESS] 2 sources
    Dangote Group begins $1.37 billion highway project in Nigeria

    The Dangote Group has started a ₦1.83 trillion ($1.37 billion) highway project in central Nigeria, utilizing a federal tax credit scheme to finance the 401-kilometer reinforced concrete road.

  2. [BUSINESS] 3 sources
    Niger State highway project launched with N1.83tn Dangote financing

    Nigeria has commenced a N1.83 trillion road reconstruction project in Niger State, financed by the Dangote Group via a tax-credit scheme to boost regional connectivity and commerce.

Sources

dailytrust.com.ng · radionigeriakaduna.gov.ng · thepodiummedia.com · westafricaweekly.com