Transportation Sector Achievements Under President Buhari

Strategic Insights -

The transportation sector in Nigeria has witnessed significant achievements under President Muhammadu Buhari's administration, with investments in flagship projects and initiatives aimed at improving the country's infrastructure and reducing transportation costs. The Presidential Infrastructure Development Fund has invested over a billion dollars in three flagship projects, including the Lagos-Ibadan Expressway and the Abuja-Kaduna-Zaria-Kano Expressway. The Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme has mobilized over three trillion naira for road projects across the six geo-political zones in Nigeria. Additionally, the Highway Development and Management Initiative has mobilized over one trillion naira in private investment in the development and maintenance of roads. The administration has also completed air and seaport projects, including the International Airports in Lagos, Abuja, Kano, and Port Harcourt, and has transformed the Accident Investigation Bureau into a multimodal accident investigation body.

Key Takeaways:

  • The Presidential Infrastructure Development Fund has invested over a billion dollars in three flagship projects, including the Lagos-Ibadan Expressway and the Abuja-Kaduna-Zaria-Kano Expressway.
  • The Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme has mobilized over three trillion naira for road projects across the six geo-political zones in Nigeria.
  • The Highway Development and Management Initiative has mobilized over one trillion naira in private investment in the development and maintenance of roads, amounting to 2,000 kilometers in length.
  • More than 600 billion naira worth of Sukuk Bonds has been raised since 2017 for over 40 critical road projects across all the six geo-political zones.
  • The administration has completed air and seaport projects, including the International Airports in Lagos, Abuja, Kano, and Port Harcourt.
  • The Accident Investigation Bureau has been transformed into a multimodal accident investigation body responsible for investigating accidents across all transport modes.
  • The commissioning of the Lekki Deep Sea Port in Lagos has marked the commencement of commercial operations at the first Sea Port in Nigeria in decades.
  • Rail transportation has received a major boost with the completion of the 156-kilometer Lagos-Ibadan Standard Gauge and the extension of the Lagos-Ibadan Rail Line to Lagos Port Complex.
  • Strong security measures should be installed in strategic rail routes to prevent incessant attacks on train passengers.
  • The light rail transit is advocated due to its high passenger capacity and potential to reduce congestion, travel time, and environmental pollution.

Statistics:

  • Over a billion dollars has been invested in three flagship projects under the Presidential Infrastructure Development Fund.
  • Over three trillion naira has been mobilized or committed for road projects across the six geo-political zones in Nigeria through the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme.
  • Over one trillion naira has been mobilized in private investment in the development and maintenance of roads through the Highway Development and Management Initiative.
  • More than 600 billion naira worth of Sukuk Bonds has been raised since 2017 for over 40 critical road projects across all the six geo-political zones.
  • The Lagos-Ibadan Expressway is one of the three flagship projects of the Presidential Infrastructure Development Fund.
  • The Second Niger Bridge in Anambra State is another flagship project of the Presidential Infrastructure Development Fund.
  • The Abuja-Kaduna-Zaria-Kano Expressway is also a flagship project of the Presidential Infrastructure Development Fund.
  • The administration has completed the 156-kilometer Lagos-Ibadan Standard Gauge.
  • The Lagos-Ibadan Rail Line has been extended to 8.72 kilometers to Lagos Port Complex.

Sources:

  • "Transportation involves the movement of humans, animals, goods and services from one location to another. These include air, land (rail and road), water, cable, pipeline and space. The Nigerian President, Muhammadu Buhari had through its Presidential Infrastructure Development Fund, invested over a billion dollars in three flagship projects."
  • "The Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme, introduced through executive order 7 in 2019, paved way for companies willing and able to spend their funds in constructing critical roads, to recover their costs by paying reduced taxes, over a period of time, and in a transparent manner."
  • "So far, about three trillion naira has been mobilized or committed through the Executive Order for road projects across the six geo-political zones in Nigeria, by companies like Dangote Group, MTN, BUA, NLNG and NNPC Limited."
  • "Highway Development and Management Initiative, a public-private partnership program was used to mobilize, in its first Phase, over one trillion naira in private investment in development and maintenance of twelve roads, amounting to two thousand kilometers in length."
  • "More than six hundred billion naira worth of Sukuk Bonds was also raised since 2017 for more than forty critical road projects across all the six geo-political zones."