Nigeria requires about N35trn for road infrastructure renewal -FRSC
Nigeria would require approximately N35 trillion to revamp its road infrastructure, according to the Federal Road Safety Corps (FRSC).
Clement Oladele, deputy corps marshall of the FRSC, made this statement during a panel session on ‘Harnessing Smart Infrastructure to Revolutionise Road Safety’ at the BusinessDay Breakfast Meeting/Townhall in Abuja on Wednesday.
Oladele explained that Nigeria’s existing road infrastructure is currently valued at N70 trillion, noting that transitioning to smart infrastructure would enhance road safety and operational efficiency for both road managers and enforcement agencies.
“Road infrastructure includes bridges, the superhighways, which the government of Nigeria is trying to construct, and others. So when you talk about smart infrastructure, you have a system, facilities that can make the roads smart, intelligent, in such a way that people are safe, and also make the managers of the roads, and those that are enforcing the roads, and activities be more efficient”, he explained
“According to FERMA, the road infrastructure in Nigeria is valued at N70 trillion. So, if Nigeria’s infrastructure disappears today for whatever reason, Nigeria will have to look for N70 trillion to replace them, even at the state at which they are now. And if you are going to improve the road infrastructure to the intelligent infrastructure, you’ll need about half of that cost to make the highways smart”, he added.
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