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Against the background of the need for adequate road infrastructure which is central to Nigeria’s economic growth and core of good governance and public welfare, stakeholders in the nation’s construction industry, weekend, gathered at the Road Construction Summit 2017, put together by cement giant, Lafarge Africa Plc, in partnership with BusinessDay newspaper to find practical and innovative solutions to construction of roads in the country.
The theme of the one-day summit which held in Lagos was “The Economics of Innovative Solutions to Road Construction in Nigeria”.
In his presentation, Minister of Power, Works and Housing, Mr. Babatunde Fashola who was the guest speaker, noted that Lafarge Africa Plc has sent a clear message by its innovative strides arising from research as presented by its engineers at the summit that the company wants to go far in terms of infrastructure development, pointing out that it is time for the federal government to raise its game as regards infrastructure development using innovative solutions such as concrete.
Fashola who disclosed that with respect to construction and related activities, GDP in the sector had been negative since Q2 2015, but turned positive for the first time in Q1 2017, growing by 0.15 per cent and continued to positive growth into Q2 2017 by 0.13 per cent, said the reversal in construction has to do with civil works especially due to federal government’s capital expenditure.