Economy & Politics
September 23, 2020
Reimagining Nigerian Road Construction; The Need for a New Approach

Following the recent Proshare Confidential Report titled "Roads: Concrete Vision, Ashpalt Competition, Looking Ahead" which was widely received by market stakeholders, the investment community, policy makers and political leaders, Channels Television 'Business Morning' featured the Managing Editor and Chief Economist, Proshare Nigeria, Mr. Teslim Shitta-Bey, where he discussed critical aspects of the report.

 

Anchored by Bisi Adebayo, Shitta-Bey highlighted the importance of the construction industry as a major employer of labour in the country and the need for the government to explore a sustainable approach to road construction  with components that are durable like concrete.

 

He underscored the fact that roads constructed with concrete could last between 25 and 30 years without the need for major reconstruction work or repairs. He stressed the fact that on the basis of socio-economic cost-benefit analysis, concrete roads provide superior returns on social capital outlays in the medium to long-term even though competing asphalt roads may also show positive net social present values; the longer the road is expected to last, the higher the net present value of concrete (rigid pavements) over asphalt (flexible pavements).

 

Watch Video Produced by WebTV NG Courtesy Channels Television


 Proshare Nigeria Pvt. Ltd.


Related News-Transportation

1.      Roads: Concrete Vision, Asphalt Competition, Looking Ahead

2.     Embrace Concrete Roads for Durability, Dangote Urges FG

3.     Average Fare For Bus Journey Within City Increased By 12.70% MoM in August 2020 - NBS

4.     Average Fare Paid By Commuters for Motorcycle Journey Increased By 9.06% MoM in July 2020

5.     Average Fare for Bus Journey Within City Increased By 3.36% MoM to N229.94 in June 2020 - NBS

6.     Coronanomics (22) - Sectorial Analysis of Nigeria's Transportation and Storage Sector

7.     Average Fare Paid By Commuters for Bus Journey Within City Decreased By -0.56% MoM in May 2020 - NBS

8.     11,072 Road Traffic Crashes Occurred in 2019 - NBS

9.     Average Air Passengers Fare Was Flat MoM in April 2020 - NBS

10.  China Road Infrastructure Rebound to Outpace Ports and Airports

 

Related  Videos - Teslim Shitta-Bey

1.      The NSE After the Takeover - Lessons Learnt in the Pursuit of a Fit-for-Economy Securities Exchange

2.      Coronanomics Report: Nigeria Needs To Reset Its Economic Structure And Revenue Mix - Teslim Shitta-Bey

3.      COVID-19 and the Focus on Sub-Nationals in Nigeria  - Teslim Shitta-Bey

 

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