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Nigerian government to privatize road construction projects by 2019

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The Nigerian government is planning to hand over the construction and maintenance of roads to the private sector by 2019, as is the case in many countries across the world. This announcement was made by the Minister of Information: Mr. Labaran Maku during a press briefing in Abuja, organised by his ministry on behalf of the Federal Ministry of Works.

Arc Mike Onolememen, the Minister of Works explained that about US$10.8bn have been spent on 184 ongoing road construction projects across the six geo-political zones of the country.

The new reform will help create the Federal Highway Authority and the Public Private Partnership which will be applied in the construction of the second Niger bridge and Lagos- Ibadan expressway in the next 3-5years. Funds for these projects will be provided by the private sector.

In 2013, the Federal Government undertook road construction projects that covered a total passage of 6,500km. According to the sources, the government is undertaking a total of 65 road construction projects: covering  a total of 3,461.68km, with a an estimated cost of US$4.9bn in North central, North Eastern and North Western part of the country. In the South East, South South and South West, 109 road construction projects spanning about 3,063.60km are been undertaken.

So far, 25,000km of the 35,000km federal roads are now in good condition.

Source: ConstructionReviewOnline

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