As Nigerians eagerly await the return of toll gates the high ways, the Federal Government is to adopt the South African model of tolled road management.
The adoption of this model is part of the efforts to ensure successful implementation of road management policy in Nigeria.
Managing Director of The Infrastructure Bank (TIB), Mr Adekunle Oyinloye, made this disclosure in Abuja at the opening ceremony of a training programme on tolled roads and road management.
According to Oyinloye TIB is collaborated with the Development Bank of South Africa (DBSA) to organising two-day training for stakeholders in the road sector.
He said South Africa had been in the road management for the past 20 years and it is good for Nigeria to learn from that country so as not to reinvent the wheel.
Oyinloye said the training would enable stakeholders to have a clear and common understanding of issues and dynamics surrounding financing, construction, operation and maintenance in the road sector.
“In Nigeria, we are trying to establish a federal road authority that will be in charge of tolled roads and we want to learn from how they do their things, what they have done right and how they did it,” he said."
According to him, DBSA has been involved in the funding of roads and TIB was working closely with the institution to look at the model and the financing structure they had used over the years.
Oyinloye explained that the essence of this was to replicate the model and adopt it in the Nigerian local environment.
He said that the federal government had made significant progress in infrastructure development which had been facilitated by the emergence of public private partnership (PPP).
The TIB boss said the private sector had the wherewithal to garner financial resources of the right temperament to fund development of the road sector which has been globally accepted as the bedrock of sustained socio-economic growth.
`The missing link is inadequate knowledge and capacity, largely on the part of public institutions to understand the dynamics inherent in construction, management and maintenance of this sector”.
Oyinloye said application of PPP methodology in the road sector, particularly tolling and management would provide Nigeria with a robust strategy to improve the state of roads and bridges towards socio-economic growth and development.