Tax Credit Roads To Close N30trn Infrastructure Gap As FG Commissions Dual Concrete Road

With Tax credit roads expected to close N30 trillion infrastructure gap and lead the gateway of development and shared responsibility across regions in the country, President Bola Ahmed Tinubu commissioned the groundbreaking Lekki Deep Sea ports Tax credit roads in Lagos at the weekend.

This is meant to unlock road connectivity along the free trade zones, Sagamu-Ijebu ode and Dangote refinery axis.

The president, while speaking at the official commissioning of the Deep Sea ports Access roads along the industrial corridors of the Free trade zone and Dangote refinery Group in Lagos at the weekend said, the Lekki Deep Sea ports access road is a transformational action to deepen access to road infrastructure and enhance road architecture.

He explained that, the commissioning of the Dangote Refinery dual Access road would enhance transportation and directly spur the realisation of the Lagos-Calabar coastal highway project.

The president affirmed his bold commitment to deliver enduring infrastructure across the nation adding that he will finance more road infrastructure projects which he said is the backbone of the economy and job creation. He buttressed that the Renewed hope agenda is a testament of several bold policies and projects conceived by his administration.

President Tinubu assured that his grand ambition is to realise critical infrastructure by linking road connectivity with seamless movement of goods to facilitate commerce, noting that, transatlantic trade road will reconnect the economy as it directs action to his fourth legacy project.

Minister of Works, Engr. Dave Umahi commended the president’s bold and visionary leadership in actualising road projects while he highlighted the Tax credit roads and four legacy projects of his administration which are; Lagos-Calabar coastal highway, Sokoto-Badagry, transatlantic roads among others.

Umahi thanked the president for commissioning the completed 30km section of the Lagos-Calabar coastal highway even as he assured of tolling the completed section of the roads by December 2025.

Speaking earlier at the commissioning of the Deep-sea ports and Access road corridors, Chairman of the Dangote Group, Alhaji Aliko Dangote said, several project along the industrial corridors of the Dangote refinery is a national script written by the President whom he said is the brainchild of projects spanning across every part of the country.

Dangote reinforced that, the President Bola Tinubu’s bold economic policy would enhance economic recovery and unlock the potential of global maritime trade while stating that the testament of his bold policy was already seen in areas of currency control, stabilising of crude price, petrol price and reinforcing of LPG, CNG gas market.

He applauded the President’s decision on local content drive in boosting self sufficiency and reducing dependency on importation of goods while stressing that the policy has improved several areas of our national needs with local content creation boosting indigenous economy and hedging against inflation.

On Tax credit roads, Dangote revealed that he has committed over N900 billion on road infrastructure projects into making Nigeria the leading industrial hub in Africa.

He further alluded that, the Dangote Refinery and its axillary operations has provided critical raw materials for young industries by providing jobs and raw materials to several industries.

He added that the Dangote refinery Group stands as a resilient sector boosting payment of Taxes that amount to over N402 billion..

Chairman of BUA Group, Ahmad Samad described the Access road corridors as a vital road that would open up trade, strengthen regional connectivity across border communities.

He stated that the road will lead several chunks of trade across regional divides while adding that it will improve rapid progress and also actualise the momentum and delivery of the Lagos-Calabar coastal highway project.

He also stated that the Tax credit roads will close the N30 trillion infrastructure gap and lead the gateway of development and shared responsibility across regions in the country.

He lauded the president for subsidy removal, stabilising exchange rate and eliminating corruption in fuel subsidies.

Minister of Marine and Blue Economy, Gboyega Oyetola stressed that, the revitalisation of Refinery Ports would receive larger vessels and position Nigeria as the major driver of job creation, global competitiveness and marine infrastructure to unlock potential of coastal tourism, transportation, trade and investment. He also stated that the ports will strengthen economic trade and serve Eastern and Western corridors while enhancing trade efficiency and boosting logistics chains.