LCCI on the impact of tolling on Nigeria’s road infrastructure

The announcement of plans by the Nigerian government to reintroduce toll collections on designated dual carriageways across the country has sparked widespread concerns among stakeholders about its immediate impact on the country's road infrastructure, revenue generation, and the direct impact on Nigerian citizens. In a recent interview with CNBC Africa, Chinyere Almona, the Director-General of the Lagos Chamber of Commerce and Industry (LCCI), shared her insights on the matter. Almona highlighted the need for proper execution of tolling to ensure that the revenue generated is reinvested into improving road networks and enhancing overall road productivity. She emphasized that if implemented correctly, tolling could lead to the development of high-quality roads crucial for economic activities. Almona also addressed the challenges faced by businesses and individuals due to the current state of Nigerian roads, citing increased transportation costs, insecurity, and delays as major concerns. She expressed optimism about the potential benefits of tolling in improving the country's road infrastructure and facilitating trade transactions, drawing examples from other parts of the world where tolls have successfully enhanced road networks. Additionally, Almona discussed the importance of addressing issues related to access to Nigerian ports, noting the LCCI's advocacy efforts to drive improvements in the business sector and the economy.