Fg flags off Benin-Asaba Expressway: A landmark in privately-financed infratructure development<\/p>\n
The Federal Government of Nigeria, in collaboration with Africa Plus Partners, today flagged off the 125km Benin\u2013Asaba Expressway Project in Edo State, marking a significant milestone in the country’s infrastructure development and a testament to the power of private sector partnership.<\/p>\n
The groundbreaking ceremony, which took place at the project site in
\nBenin-City, the Edo State Capital, was performed by the Governor of Edo State, Senator Monday Okpebholo, representing President Bola Ahmed Tinubu.<\/p>\n
He lauded the financing structure, noting that,*This is a legacy project. For private investors to risk their capital, it shows belief in the President\u2019s vision and the future of our economy*<\/p>\n
According to the Director, Information and Public Relations of the Ministry, Mohammed Manga, the event was attended by dignitaries, including the Honourable Minister of Finance & Coordinating Minister of the Economy, Mr. Wale Edun, as well as his counterpart from the Ministry of Works, Senator David Umahi.<\/p><\/blockquote>\n
Speaking at the ceremony, HM Edun described the project as a milestone in infrastructure financing. *What you see on the front page of the pamphlet will be delivered\u2014because the cash is there. *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*, the Minister affirmed<\/p>\n
He added that the flagship initiative is part of President Bola Ahmed Tinubu Administration\u2019s Renewed Hope Agenda, demonstrating how strategic partnerships can unlock long-term value for the economy.<\/p>\n
HM Edun 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*<\/p>\n
Also speaking, the Minister of Works, Senator David Umahi, described the project as a cashless model, which is not only possible but imminent<\/p>\n
The Benin\u2013Asaba Expressway Project, is more than a road. It is an ambitious, dual-carriage, solar-lit superhighway that is fully financed by the private sector under a Public-Private Partnership (PPP) model.<\/p>\n
The Benin\u2013Asaba Expressway is a statement\u2014that with innovative financing and investor confidence, world-class infrastructure is not only possible but imminent<\/p>\n
As the Benin-Asaba Expressway project takes shape, it’s clear that this is just the beginning of a new era in Nigeria’s infrastructure development. With innovative financing models, strategic partnerships, and a commitment to transparency and efficiency, the future of Nigeria’s infrastructure has never looked<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Fg flags off Benin-Asaba Expressway: A landmark in privately-financed infratructure development The Federal Government of Nigeria, in collaboration with Africa Plus Partners, today flagged off the 125km Benin\u2013Asaba Expressway Project in Edo State, marking a significant milestone in the country’s infrastructure development and a testament to the power of private sector partnership. The groundbreaking ceremony, […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2,18,1],"tags":[1034,1037,1035,1036],"class_list":{"0":"post-145623","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-featured","7":"category-news","8":"category-others","9":"tag-benin-asaba","10":"tag-infrastructure","11":"tag-landmark","12":"tag-project"},"yoast_head":"\n
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