The Nigerian road network has a total length of about 195,000km, comprised of about 32,100 km (or 16.5 percent) of federal trunk roads, 30,900 km (or 15.8 percent) of state roads, and 132,000 km (or 67.7 percent) local government roads. Federal roads provide linkages between state capitals and other major towns; state roads link towns to other settlements and local government roads link relatively smaller communities.
Over 80 percent of Nigerian roads are managed by States and local government authorities which often have weak capacity to design and execute public expenditure programs. The Federal Government of Nigeria estimates that about 50 percent of the country’s overall road network is in a poor state. The poor state of Nigeria’s road network may be attributed to historic low levels of investments in road infrastructure as well as weak contracting procedures and poor planning of road construction projects and inadequate maintenance.
UDBN PLC brings a fresh approach to investments in the Nigerian road sector. We will focus on innovative financing instruments while also strengthening contracting and execution of road projects throughout the country.
The Federal Government of Nigeria in its bid to address the transportation challenges being experienced nationwide, has established a Public Mass Transit Revolving Fund with the objective of increasing the availability of vehicles to the public through eligible transport operators across the country.