FG Partners with Africa Plus for Groundbreaking Benin-Asaba Superhighway Project

• Edun underscored the crucial role of strategic partnerships in the federal government’s renewed hope agenda
• The project is fully financed by Africa Plus Partners, an international consortium, under a public-private partnership (PPP) model.
• David Umahi, minister of works, described the project as a cashless model, which “is not only possible but imminent”.

In a historic move to drive economic growth and connectivity, the Federal Government of Nigeria has officially launched the 125-kilometer (km) Benin-Asaba superhighway project in Edo State, Eko Hot Blog reports.

According to Mohammed Manga, the Ministry of Finance’s Director-General of Information and Public Relations, the dual-carriageway, solar-lit road is expected to be a game-changer for the region.

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The project is fully financed by Africa Plus Partners, an international consortium, under a public-private partnership (PPP) model.

Speaking during the flag-off ceremony in Benin City, President Bola Tinubu, represented by Monday Okpebholo, governor of Edo state, lauded the project’s 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,” he said.

Edun described the project as a significant milestone in infrastructure financing, emphasizing that it is fully funded under a PPP model.

“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 said.

Edun underscored the crucial role of strategic partnerships in the federal government’s renewed hope agenda.

He reaffirmed the government’s intention to replicate the PPP model utilized in the Benin-Asaba superhighway project across Nigeria.

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“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,” he added.

Also speaking, David Umahi, minister of works, described the project as a cashless model, which “is not only possible but imminent”.

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