News Column

Nigeria,United States : WORLD BANK commits US $564.5 million to NIGERIA

June 19, 2014

In an attempt to improve the nation's ailing roads infrastructure, the World Bank committed a total of $564.5 million to the country's road infrastructure projects. The bank did not state the period during which the investment was made.

Though, the World Bank predicted a more than 100% rise in deaths from road accident in Africa, from an annual estimate of 200,000 persons to 500,000, unless concrete steps are taken to avert the doom.

More than 200,000 people die yearly from road accidents with a predictions that the figure is likely to increase to 500,000 annually by 2030 if the governments fail to act to prevent the doom.

Nigerian roads rank among the poorest in the world in terms of safety facilities, road network and management. This scenario is replicated in the regulation and enforcement of road transport activities. Many developing and developed countries have engaged in concerted efforts to reduce road traffic accidents.

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Source: TendersInfo (India)

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