N4.34bn loan: FG sign MOU with Dangote and other stakeholders


It was perceived that the Apapa wharf road in Lagos is always congested because transporters prefers applying the road for haulage instead of rail, and this has increased the rate of hardship in the region.

To this regard, the federal government, through the Minister of Power, Works and Housing, Babatunde Fashola, has signed a Memorandum of Understanding (MoU) with Dangote Group and other stakeholders for the reconstruction of the road.

Apapa wharf road in Lagos

As a result of all these unsavoury practices, we have reached a point of near total gridlock, it is difficult to move cargo in or out, difficult for residents to get home and this must stop.

We have finished with the design, we now have a Bill of Quantity and the cost of the road is N4.34 billion to be funded and paid for by these three groups, Flour Mills of Nigeria, AG Dangote Construction Company Ltd and NPA,” Fashola explained while signing the MoU on Saturday, June 17.

The Minister also called on the commander of the Nigerian Police Force, Apapa area, My Nuru to employ security initiatives during the period of construction in the area, to avoid traffic obstacle and to apprehend reckless drivers who drive against traffic during the period of construction.

From NAN’s reports; by signing of the N4.34 billion MoU, the site has been handed over to Dangote and other stakeholders to commence reconstruction of the road.

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