Business Hilights

Tracking Nigeria's Headline Business News Online

Aliko Dangote

FG, Dangote seal N11.5bn concrete road deal on 42.5KM Obajana-Kabba Road

Ad 2
Ad 3

In what may be seem as large heart Corporate Social Responsibility (CSR), Dangote Group Tuesday signed a contract with the Federal Government for the construction of a 42.5KM Obajana-Kabba Road in Kogi. Key aspect of the new is that it will be delivered with concrete, away from the traditional asphalt technology. Experts say roads built with concrete lasts longer that asphalt and maintenance is far better and cheaper.

The Regional spokesman of the conglomerate, Mr. Jibrin Abubakar, said that work would commence in full on the project before the end of the year.

Whereas the Permanent Secretary, Federal Ministry of Power, Works and Housing, Mr. Magaji Gusau, signed on behalf of the Federal Government, while the Adviser to the President of the Dangote Group, Mr. Joseph Makoju, signed on behalf of the group.

Makoju said the exercise was a milestone in the history of Nigeria.

Details show that the rigid pavement is to be built by the AG Dangote Construction Company.

The project will cost the Group N11.5bn but the job was awarded to the Group on tax concession basis at N5.24bn.

Makoju explained that the difference of N6.2bn is part of the corporate social responsibility of the Dangote Group.

Besides, the Managing Director of the AG Dangote, Mr. Ashif Juma, said the contract duration was 24 months, but that the Group had set a target for its completion at 16 months.

It would be recalled similar feat had been achieved in Ogun State where the company had a 6.6mmt dual capacity cement plant. The 26 Km Itori-Ibese concrete road was commissioned in June in Ogun State.


Business Hilights is an online news channel conceptualized and structured to report and track on a daily basis; latest developments in critical business sectors to serve as a one stop news gateway for governments, foreign and indigenous investors.