Nigerian govt to replicate PPP financed model of Benin–Asaba Expressway project nationwide

The Federal Government in collaboration with Africa Plus Partners, has officially flagged off the 125km Benin–Asaba Expressway Project in Edo State.

The ambitious, dual-carriage, solar-lit superhighway is fully financed by the private sector under a Public-Private Partnership (PPP) model which will be replicated across the country.

This development was announced in a statement on Sunday, March 23, 2025 by Mohammed Manga, the ministry’s Director-General of Information and Public Relations.

He noted that the dual-carriageway, solar-lit road, is expected to drive economic growth and connectivity in the region.

According to Manga, the Honourable Minister of Finance & Coordinating Minister of the Economy Mr. Wale Edun at the event, 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.

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“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.”

He added that 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.

“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.”

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.”

On his part, Minister of Works, Senator David Umahi described the project as a cashless model which “is not only possible but imminent”.

By: Babajide Okeowo

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