Benin-Asaba Road Project To Be Financed By Private Sector Investors- FG
The Federal Government in collaboration with Africa Plus Partners, on Sunday flagged off the 125km Benin–Asaba 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, which took place at the project site in
Benin-City, the Edo State Capital, was performed by the Governor of Edo State, Senator Monday Okpebholo, representing President Bola Ahmed Tinubu.
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’s vision and the future of our economy.”
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.
Speaking at the ceremony, 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. 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
He added that the flagship initiative is part of President Bola Ahmed Tinubu Administration’s Renewed Hope Agenda, demonstrating how strategic partnerships can unlock long-term value for the economy.
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.”
Also speaking, the Minister of Works, Senator David Umahi, described the project as a cashless model, which is not only possible but imminent
The Benin–Asaba Expressway Project, is an ambitious, dual-carriage, solar-lit superhighway that is fully financed by the private sector under a Public-Private Partnership (PPP) model.
Benin-Asaba Road Project To Be Financed By Private Sector Investors- FG is first published on The Whistler Newspaper
