US EditionNigeria: Govt to Conclude N1.5trn Road Concession Project
- On April 30, 2025, Nigeria’s Finance Minister, Wale Edun, convened a high-level meeting in Abuja with private companies responsible for managing key road infrastructure projects under the federal government’s initiative to develop and oversee major highways.
- The meeting followed the government's strategic shift to leverage private sector funding for infrastructure amid a 3.4% GDP growth in 2024 despite reduced oil revenues.
- Edun confirmed partners were finalizing arrangements to finance, rebuild, and maintain nine major highways spanning about 900 kilometers under 25-year concession agreements, including the ongoing Benin–Asaba Highway project.
- The initiative, estimated at N1.5 trillion and anticipated to generate more than 50,000 jobs, enables private investors to recoup their expenditures by collecting toll fees, thereby helping to address funding shortfalls and demonstrating the government’s dedication to upgrading road infrastructure.
- This private-sector-led infrastructure program supports Nigeria’s broader goals of inclusive and sustainable economic growth under the Renewed Hope Agenda focused on fiscal discipline and job creation.
12 Articles
12 Articles
Aleem Khan Urges NHA Reforms for Faster Road Development
Islamabad – 3 May 2025:Federal Minister for Communications Abdul Aleem Khan on Saturday directed the National Highway Authority (NHA) to accelerate the pace of development projects by implementing a comprehensive overhaul of its operational framework and conducting biannual reviews of terms and conditions. Chairing a high-level meeting at the NHA headquarters, the minister carried out an in-depth review of ongoing and upcoming road infrastructur…
FinMin highlights reform agenda in OICCI meeting
May 02, 2025 (MLN): The government reiterated its commitment to macroeconomic stability, sustainability, and inclusive growth during a Zoom meeting with the office bearers and members of the Overseas Investors Chamber of Commerce & Industry (OICCI), held by Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb. The Minister outlined the broader macroeconomic reform agenda and emphasized efforts to improve the overall economic fram…
Private Capital to Fund 900km in Road Concessions – Finance Minister
Daniel Adaji Private investors will fund nine major highway projects covering over 900 kilometres under an N1.5tn initiative driven by the Federal Government, Minister of Finance and Coordinating Minister of the Economy, Wale Edun has said. Edun stated this on the Ministry’s X handle on Wednesday. “We have stabilised the economy. Now we must grow faster, broader, and inclusively. Private-led infrastructure delivery is central to that mission,” E…
FG Moves to Finalize Concession Plans for 9 Highways in N1.5tr Infrastructure Deal - Tech
The federal government has reaffirmed its commitment to infrastructure development as it moved to finalize highway concession plans to reconstruct nine highways. Wale Edun, the minister of Finance and Coordinating Minister of the Economy disclosed this following a high-level meeting with partners in Abuja under the Highway Development and Management Initiative (HDMI). The meeting was held in conjunction with the Minister of Budget and Economic P…
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