Ogun To Attract More Investors With N23bn Atan-Igbesa-Agbara Road Construction

Having considered short and long term economic benefits which
infrastructures such as roads and rail would have on investment and
production of goods and services, Ogun state government is investing
N23 billion in construction of Atan-Igbesa-Agbara industrial roads.

The construction of dual-carriage Atan-Igbesa-Agbara roads and
overhead bridges that link the arguably largest industrial hub in West
African sub-region – Agbara industrial hub, – is part of efforts to
attract more investors into the gateway state with a view to providing
conducive economic atmosphere for businesses to thrive since haulage
of workers as well as raw materials and finished goods in and outside
the corridor will be much easier and more seamless.

Speaking at the inauguration of over $100 million diaper ‎factory
established by Turkish Conglomerate – Hayat Kimyat Holdings at OPIC
Industrial Estate in Agbara, Ogun State, Governor Ibikunle Amosun
declared that roads construction had begun along Atan-Igbesa-Agbara
corridor to ease human and vehicular movement inbound and outbound
Ogun State, Lagos State as well as Benin Republic through either
Idi-Iroko border or Badagry – Seme border.

He acknowledged that it had not been easy to move human beings and
haulage raw materials and finished goods in that axis for so long due
to abysmally poor status of the industrial roads, saying that the bad
situation of roads had prompted government to release N5 billion
mobilization fees to contractors for them to start the work
immediately.

While requesting all investors operating in the state to contribute
40% as an infrastructure development fund in order for government to
rehabilitate and construct new roads across the state, especially at
the industrial areas, he explained that government decided to invest
so much in the construction of dual carriage road and overhead
bridges, adopting concrete road technology, considering loads that
will conveyed by trucks and trailers which will be plying the roads on
regular basis. ELANZANEWSZ.M

Comments

comments

Leave a Reply

Your email address will not be published. Required fields are marked *