Nigeria govt to privatise road construction projects
The Federal Government of Nigeria is planning to relinquish road construction projects to the private sector in 2019. The private sector will undertake these projects and fund them.
The Federal Government released a briefing claiming to have spent US$10.8bn on 184 ongoing road construction projects across six geo-political zones of the country. According to the Minister of Works, Arc Mike Onolememen, by 2019, the construction and maintenance of roads will principally be handled by the private sector.
This comes at a time when major countries in the world, even many in Africa, are turning to the private sector for road construction. Many governments already prefer Public-Private Partnerships.
Based on the aggressive road construction and rehabilitation drive of the present administration, 25,000 km of the 35,000 km of federal roads are now in good and motorable condition.