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