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Nigeria Needs Industrial Revolution -AfDB

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The African Development Bank (AfDB) has called on President Bola Tinubu’s administration to set the right pathway to prosperity for Nigeria.
The AfDB President, Dr Akinwumi Adesina, said this while delivering a keynote at the Business Day Chief Executive Officers (CEO) Forum in Lagos.
The keynote address was titled “The Day the Lion Roared! Making Nigeria a Global Industrial and Economic Giant”.
Adesina likened Nigeria’s case to that of Simba in The Lion King who after several challenges returned from exile to rule over his people as King after the death of his father.
“Nigeria, like the cub Simba, has great promise. But the promise is yet to be realised.
“The day that Nigeria wakes up and becomes a lion king, everything will change for its people; and everything will change for all of Africa.
“Nigeria should never be a poor country, and Nigerians are tired of being poor.
“For now, Nigeria is developing too slowly and well below its potential. The challenge is for the lion to roar. Then we will have the making of an economic giant.
“The key for that is for Nigeria to have an Industrial Revolution,” he said.
Adesina said the share of manufacturing in the GDP of Nigeria had hovered around seven per cent in the past decades.
According to him, the nation has not been able to extricate itself from the comatose of its industrial manufacturing sector to unleash the fullness of its potential.
“The performance of the manufacturing sector in the past five years has been poor. Between 2015-2017, the sector declined by -1.5per cent, -4.3per cent and -0.2per cent.
“This is in sharp contrast to the dynamic and rapid performance of manufacturing in Asian countries, such as Singapore, Malaysia, India, and China.
“The manufacturing sector of Nigeria represents only three per cent of the total revenue from exports but accounts for 50 per cent of imports in the country.
“Instead of being forward-looking in expanding the share of the manufactured goods in its total export revenue, Nigeria focuses on the model of import substitution,” Adesina said.
According to AfDB President, the country has a manufacturing sector that cannot develop to compete globally, but limits itself to “survival mode”, not a “global manufacturing growth mode”.
He said a well-developed and policy-enabled manufacturing sector, with export orientation, will spur greater innovation, industrial policy for export market development and structural transformation of the economy.
He said rather than being consumed with conserving foreign exchange, the focus should shift to expanding foreign exchange through greater export value diversification.
Comparing Nigeria’s trade performance with Malaysia and Vietnam, Adesina said while Nigeria’s export hardly changed, Malaysia and Vietnam used aggressive horizontal and vertical industrial manufacturing diversification to move from low-value products to high-value market products.
“The result is seen in the comparative wealth of the three countries.
“While export value per capita is 7,100 dollars for Malaysia and 3,600 dollars for Vietnam, it is only 160 dollars for Nigeria.
“While Malaysia and Vietnam moved to global manufacturing growth, creating massive wealth and jobs for themselves.
“Nigeria remains in a ‘survival’ mode, still unable to substitute the imports of its petroleum products while being one of the largest exporters of crude oil,” he said.
According to him, African countries, including Nigeria have had policies, templates and programs for industrialisation and expanding industrial manufacturing for decades, but there is a huge gap between policy ideas and actions.

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FG Awards Lagos-Abuja, Lagos-PH Super, Coastal Highway Contracts To AEC, Hitech

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The Federal Government has unveiled plans to embark on a 460km superhighway project that would cut travel hours from Lagos to Abuja from about 14 hours to four-and-a-half hours and the Lagos-Port Harcourt Coastal Highway.
While the Abuja-Lagos Superhighway project was awarded to Advanced Engineering Consultants (AEC), the Lagos-Port Harcourt Coastal Highway was given to Hitech Construction Company Limited.
According to the Minister of Works, Engr. Dave Umahi, who addressed a press conference at Eko Signature Suites in Lagos on Saturday, September 23, the road would be built with concrete, not asphalt, and the construction through a Public Private Partnership (PPP) would be on a Build Operate and Transfer (BoT) arrangement with a consortium led by Advanced Engineering Consultants (AEC) under the chairmanship of Chief Kenny Martins.
Umahi announced that the highway running from Abuja through eight states to kiss the Fourth Mainland Bridge in Lagos will be completed in four years.
He said, “The President has approved that I should FastTrack this project.”
The minister said that at completion, an average vehicle traveling at 100km/hr could get to Lagos from Abuja in four and half hours.
“This is a journey that is more than 14 hours presently, so people found it hard to believe when this idea was introduced, but that is the Renewed Hope agenda of our divine President Bola Ahmed Tinubu. That is what God has brought him to do. He is the last hope for Nigeria, no matter what people say… Things that couldn’t have been done are being done under this administration… Nobody can fix Nigeria like Tinubu.
“This project is going to be two lanes, but the two lanes will be two carriageways – 14 meters; the only carriageway that is equivalent to this is the Third Mainland Bridge where each carriageway is 14 meters. It’s going to be built on 275-millimeter thick concrete… The lifespan will be 100 years. Bridges will be built and there will be tolling points.”
Umahi, who was accompanied by top officials from the Federal Ministry of Works and contractors, said, “We are here to FastTrack the development of the Greenfield of the PPP development under a new program of the Federal Ministry of Works which is the HDMI Programme (Highway Development and Management Initiative).
“Under this programme, there are two kinds, we have the Greenfield, and we have the Brown Field. The Greenfield is the one we are doing with the Advanced Engineering Company. They identified the project; they came up to discuss it with us; we threw the idea to the market; we invited investors; they made proposals… They won the bid to further engage us.”
The superhighway will pass through the FCT, Niger, Kogi, Kwara, Ekiti, Oyo, Ogun, and Lagos – Abuja, North-Central, and South-West.
Umahi said that the government would not put money into the project but would give the bid winners every support.
He commended the promoters of AEC, who he described as brilliant people.
“I’m very satisfied with their concept and what they have put in place. The next stage is to bring their business proposal so that we can negotiate on what the cost of the project will be. And then, they’ll go to the Ministry of Finance to negotiate the cost.
“We are building on concrete, so we can predict the cost; with asphalt, you cannot predict the cost. The cost of asphalt roads changes every month. Today, the dollar is almost a thousand naira. The oil price is almost $100 per barrel.
“Concrete roads are more durable and cheaper than asphalt. I’ve directed that the remaining jobs on all the ongoing projects that have not advanced up to 80percent must change to concrete.”
The minister also spoke on failed roads across the country putting the blame on civil servants.
He warned that any controller that allowed trucks to fall on the road under his supervision would go on indefinite suspension, and the director in that region would be recalled.
He said, “Hold civil servants responsible for failure of road projects. Civil servants in other parts of the country apart from Lagos stay in the office and issue certificates to contractors.
“I’ve inspected roads in South-West and South-East. I spent 14 hours traveling from Abuja to Benin. I had pains, and I was so happy having the pains because Nigerians are going through the pains on a daily basis.”
Umahi also blamed the failed road projects across the country on lack of supervision; “contractors took money and didn’t do the work. They constructed failed roads. Roads that could not stand three years. They could not even maintain the roads. Trucks are falling. Travelers pass through communities. People are being kidnapped. I went to Warri. I went to Bayelsa, the story is the same.
“In every contract, there’s provision to maintain the roads. If a contractor is greedy to take a project of 150km that should go to three contractors, he should be prepared to maintain it. I’ve created a platform where I have all the contractors and the directors inside. Everybody is back to work. It’s the directive of Mr. President. He said that he must not see vehicles falling on highways again. I will get whoever flouts the directive out of the way.
“I have just informed Mr President that in 30 days if no urgent attention is given to the road, nobody will pass from Bayelsa or Port Harcourt to Warri. And that is very dangerous. So, he directed that I should go and inspect the roads and bring comprehensive information on what should be done immediately.
“He is a man who listens. He’s in a hurry to solve people’s problems in this country. He’s very much in a hurry to change the story. From Bayelsa, I went to Port Harcourt, to Akwa Ibom, to Cross River, and from there I flew to Enugu yesterday evening by 6 o’clock to discuss this road matter with the governor of Enugu State.
“I’m also to reinspect the Third Mainland Bridge and start work on it immediately, and then discuss with the Ogun State governor on the HDMI.”
Fielding questions from reporters on challenges that PPP projects have been facing in Nigeria, Umahi said that things would be different this time.
“We will tie ourselves very well with irrevocable agreement. On the issue of Right of Way, they own the entire land until they recover the money invested. If the Federal Government reneges, they have to pluck their investment directly from the Federation Account.
“If the investment must work, it must not be subjected to political dynamism. It has to be a business venture. That’s why I like President Bola Tinubu. He inherited 18,000 km of roads, and 2,640 projects; there are still constituency projects that are over another 2,000 in number. So, you have over 64,664 Federal Government projects that are ongoing.
“He has not stopped any contractor. He wants to complete all those things. Certain leaders will say we want to do our own, that is gross irresponsibility.
“They (bid winners) are going to give me a letter of comfort; if they back out, they must pay us $10million. My coming here is at a cost, and nobody should waste our time.”
In his response, Chief Kenny Martins assured that the road would be the first of its kind with communication cyber cable, rail lines, and coastal areas.
“The road will be ICT complaint so that electronic vehicles can operate on the road; there will be all kinds of security and there will be solar lights, the whole 460kilometres of the road,” he said.
The minister also mentioned that the Federal Government is working to actualise another project, the Lagos-Port Harcourt Coastal Highway.
He said that Hitech Construction would fund the project under the PPP model.
Hitech is a division of the Chagoury Group, a business conglomerate in Lagos that oversaw the construction of the Lekki-Epe expressway and the Ajah flyover.
Umahi added that upon completion, the highway would have multiple spurs connecting major towns and cities, including a spur connecting Ogoja-Ikom-Cameroon Road.
“There will be a spur that will connect the proposed fourth mainland bridge in Lagos,” he said.
“It is also connected to the deep seaport road being constructed by Hitech, under the concrete technology and it is also connected at Lagos-Badagry to the proposed Lagos-Abidjan superhighway.”
He said there would also be multiple connections with roads leading to the northern parts of the country.
“There is a proposal for connection to Sokoto. I think about four to five connections to northern Nigeria,” he said.
Umahi described the project as a brainchild of President Tinubu, who asked him to also “fast track this project because it is going to be a catalyst towards the economic development of this country.
“Let me announce that it is under PPP. The Hitech Group is going to look for the money. They have already found the money and that is the good news because we don’t waste our time talking and holding meetings and wasting resources,” he said.
“We are engaging seriously because we have seen the financial capacity and capability of Hitech and this project is going to be delivered in phases.
“Any section that we complete, we will toll it, and then business and transportation will start.
“The right of way of this project is about a 100-meter corridor. There is provision for a rail line in the middle of the road which is about 20 meters.
“The road has four carriageways. Each of the service lanes is 10 meters wide. The main carriageway is 14 meters.”

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FG Awards Lagos-Abuja, Lagos-PH Super, Coastal Highway Contracts To AEC, Hitech

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The Federal Government has unveiled plans to embark on a 460km superhighway project that would cut travel hours from Lagos to Abuja from about 14 hours to four-and-a-half hours and the Lagos-Port Harcourt Coastal Highway.
While the Abuja-Lagos Superhighway project was awarded to Advanced Engineering Consultants (AEC), the Lagos-Port Harcourt Coastal Highway was given to Hitech Construction Company Limited.
According to the Minister of Works, Engr. Dave Umahi, who addressed a press conference at Eko Signature Suites in Lagos on Saturday, September 23, the road would be built with concrete, not asphalt, and the construction through a Public Private Partnership (PPP) would be on a Build Operate and Transfer (BoT) arrangement with a consortium led by Advanced Engineering Consultants (AEC) under the chairmanship of Chief Kenny Martins.
Umahi announced that the highway running from Abuja through eight states to kiss the Fourth Mainland Bridge in Lagos will be completed in four years.
He said, “The President has approved that I should FastTrack this project.”
The minister said that at completion, an average vehicle traveling at 100km/hr could get to Lagos from Abuja in four and half hours.
“This is a journey that is more than 14 hours presently, so people found it hard to believe when this idea was introduced, but that is the Renewed Hope agenda of our divine President Bola Ahmed Tinubu. That is what God has brought him to do. He is the last hope for Nigeria, no matter what people say… Things that couldn’t have been done are being done under this administration… Nobody can fix Nigeria like Tinubu.
“This project is going to be two lanes, but the two lanes will be two carriageways – 14 meters; the only carriageway that is equivalent to this is the Third Mainland Bridge where each carriageway is 14 meters. It’s going to be built on 275-millimeter thick concrete… The lifespan will be 100 years. Bridges will be built and there will be tolling points.”
Umahi, who was accompanied by top officials from the Federal Ministry of Works and contractors, said, “We are here to FastTrack the development of the Greenfield of the PPP development under a new program of the Federal Ministry of Works which is the HDMI Programme (Highway Development and Management Initiative).
“Under this programme, there are two kinds, we have the Greenfield, and we have the Brown Field. The Greenfield is the one we are doing with the Advanced Engineering Company. They identified the project; they came up to discuss it with us; we threw the idea to the market; we invited investors; they made proposals… They won the bid to further engage us.”
The superhighway will pass through the FCT, Niger, Kogi, Kwara, Ekiti, Oyo, Ogun, and Lagos – Abuja, North-Central, and South-West.
Umahi said that the government would not put money into the project but would give the bid winners every support.
He commended the promoters of AEC, who he described as brilliant people.
“I’m very satisfied with their concept and what they have put in place. The next stage is to bring their business proposal so that we can negotiate on what the cost of the project will be. And then, they’ll go to the Ministry of Finance to negotiate the cost.
“We are building on concrete, so we can predict the cost; with asphalt, you cannot predict the cost. The cost of asphalt roads changes every month. Today, the dollar is almost a thousand naira. The oil price is almost $100 per barrel.
“Concrete roads are more durable and cheaper than asphalt. I’ve directed that the remaining jobs on all the ongoing projects that have not advanced up to 80percent must change to concrete.”
The minister also spoke on failed roads across the country putting the blame on civil servants.
He warned that any controller that allowed trucks to fall on the road under his supervision would go on indefinite suspension, and the director in that region would be recalled.
He said, “Hold civil servants responsible for failure of road projects. Civil servants in other parts of the country apart from Lagos stay in the office and issue certificates to contractors.
“I’ve inspected roads in South-West and South-East. I spent 14 hours traveling from Abuja to Benin. I had pains, and I was so happy having the pains because Nigerians are going through the pains on a daily basis.”
Umahi also blamed the failed road projects across the country on lack of supervision; “contractors took money and didn’t do the work. They constructed failed roads. Roads that could not stand three years. They could not even maintain the roads. Trucks are falling. Travelers pass through communities. People are being kidnapped. I went to Warri. I went to Bayelsa, the story is the same.
“In every contract, there’s provision to maintain the roads. If a contractor is greedy to take a project of 150km that should go to three contractors, he should be prepared to maintain it. I’ve created a platform where I have all the contractors and the directors inside. Everybody is back to work. It’s the directive of Mr. President. He said that he must not see vehicles falling on highways again. I will get whoever flouts the directive out of the way.
“I have just informed Mr President that in 30 days if no urgent attention is given to the road, nobody will pass from Bayelsa or Port Harcourt to Warri. And that is very dangerous. So, he directed that I should go and inspect the roads and bring comprehensive information on what should be done immediately.
“He is a man who listens. He’s in a hurry to solve people’s problems in this country. He’s very much in a hurry to change the story. From Bayelsa, I went to Port Harcourt, to Akwa Ibom, to Cross River, and from there I flew to Enugu yesterday evening by 6 o’clock to discuss this road matter with the governor of Enugu State.
“I’m also to reinspect the Third Mainland Bridge and start work on it immediately, and then discuss with the Ogun State governor on the HDMI.”
Fielding questions from reporters on challenges that PPP projects have been facing in Nigeria, Umahi said that things would be different this time.
“We will tie ourselves very well with irrevocable agreement. On the issue of Right of Way, they own the entire land until they recover the money invested. If the Federal Government reneges, they have to pluck their investment directly from the Federation Account.
“If the investment must work, it must not be subjected to political dynamism. It has to be a business venture. That’s why I like President Bola Tinubu. He inherited 18,000 km of roads, and 2,640 projects; there are still constituency projects that are over another 2,000 in number. So, you have over 64,664 Federal Government projects that are ongoing.
“He has not stopped any contractor. He wants to complete all those things. Certain leaders will say we want to do our own, that is gross irresponsibility.
“They (bid winners) are going to give me a letter of comfort; if they back out, they must pay us $10million. My coming here is at a cost, and nobody should waste our time.”
In his response, Chief Kenny Martins assured that the road would be the first of its kind with communication cyber cable, rail lines, and coastal areas.
“The road will be ICT complaint so that electronic vehicles can operate on the road; there will be all kinds of security and there will be solar lights, the whole 460kilometres of the road,” he said.
The minister also mentioned that the Federal Government is working to actualise another project, the Lagos-Port Harcourt Coastal Highway.
He said that Hitech Construction would fund the project under the PPP model.
Hitech is a division of the Chagoury Group, a business conglomerate in Lagos that oversaw the construction of the Lekki-Epe expressway and the Ajah flyover.
Umahi added that upon completion, the highway would have multiple spurs connecting major towns and cities, including a spur connecting Ogoja-Ikom-Cameroon Road.
“There will be a spur that will connect the proposed fourth mainland bridge in Lagos,” he said.
“It is also connected to the deep seaport road being constructed by Hitech, under the concrete technology and it is also connected at Lagos-Badagry to the proposed Lagos-Abidjan superhighway.”
He said there would also be multiple connections with roads leading to the northern parts of the country.
“There is a proposal for connection to Sokoto. I think about four to five connections to northern Nigeria,” he said.
Umahi described the project as a brainchild of President Tinubu, who asked him to also “fast track this project because it is going to be a catalyst towards the economic development of this country.
“Let me announce that it is under PPP. The Hitech Group is going to look for the money. They have already found the money and that is the good news because we don’t waste our time talking and holding meetings and wasting resources,” he said.
“We are engaging seriously because we have seen the financial capacity and capability of Hitech and this project is going to be delivered in phases.
“Any section that we complete, we will toll it, and then business and transportation will start.
“The right of way of this project is about a 100-meter corridor. There is provision for a rail line in the middle of the road which is about 20 meters.
“The road has four carriageways. Each of the service lanes is 10 meters wide. The main carriageway is 14 meters.”

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Reps Resume Plenary On Tuesday

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The House of Representatives has said it would resume from its annual recess on Tuesday to continue the first legislative year of the 10th Assembly.
The Clerk of the House, Dr Yahaha Danzaria, said this in a statement in Abuja on Saturday.
The 10th Assembly proceeded on its annual recess on July 27.
This followed a plenary session during which Speaker, Hon Tajudeen Abbas, announced the leadership of the standing committees of the house.
Commenting on the resumption, the Spokesperson of the House and House Committee on Media and Public Affairs, Hon Akin Rotimi, said the 10th Assembly had been prolific.
He said since its inauguration, the house had recorded 470 bills, with all passing first reading, while four passed second reading.
He added that there had been 175 motions considered by the parliament.
He said in spite of the recess, it had continued to function, as various ad hoc committees continued to carry out their crucial mandates.
He said this had generated significant positive public interest.
Rotimi said some of the key early developments expected on resumption was the conclusion of the work of all ad-hoc committees and the submission of their reports.
He said this was for the consideration of the House in line with the directive of the speaker.
He said the house would get the final draft of its Legislative Agenda developed by the ad hoc committee, led by the Majority Leader, Hon Julius Inhonvbere.
He said it would be considered and adopted by the house, adding that the draft agenda was developed following extensive consultations with critical stakeholders.
He also said that the membership of the standing committees would be announced and fully constituted.

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