The Federal Government of Nigeria, in collaboration with Africa Plus Partners, has officially flagged off the 125km Benin–Asaba Expressway Project in Edo State.
This ambitious, dual-carriage, solar-lit superhighway is fully financed by the private sector under a Public-Private Partnership (PPP) model.
Speaking at the event, the Honourable Minister of Finance & Coordinating Minister of the Economy Mr. Wale Edun described the project as a milestone in infrastructure financing.
“What you see on the front page of the pamphlet will be delivered—because the cash is there,” he affirmed.
“This is not reliant on direct federal funding. Africa Plus Consortium, backed by credible investors, has put forward the full capital commitment under the enabling policies of President Bola Tinubu.”
This flagship initiative is part of the Tinubu administration’s Renewed Hope Agenda, demonstrating how strategic partnerships can unlock long-term value for the economy. Minister of Works, Senator David Umahi described the project as a cashless model.
Governor of Edo State Senator Monday Okpebholo, standing in for Mr. President, lauded the financing structure. “This is a legacy project. For private investors to risk their capital, it shows belief in the president’s vision and the future of our economy.”
Wale Edun, Minister of Finance and Coordinating Minister of the Economy reiterated that this model will be replicated nationwide:
“This is just one of many projects that will be delivered week after week, month after month, through sustainable financial frameworks that ensure transparency, efficiency, and speed.”
Posts
No comments:
Post a Comment