The Federal Government of Nigeria has officially launched the 125km Benin–Asaba Expressway Project in Edo State. This ambitious project is a dual-carriage, solar-lit superhighway fully financed by the private sector through a Public-Private Partnership (PPP) model.
At the event, Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, described the Benin–Asaba Expressway project as a significant achievement in infrastructure financing. He stated, “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.” He emphasized that Africa Plus Consortium, supported by credible investors, has secured the full capital needed under the policies of President Bola Tinubu.
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This important initiative aligns with the Tinubu administration’s Renewed Hope Agenda, showcasing how strategic partnerships can bring long-term benefits to the economy. Minister of Works, Senator David Umahi, referred to the project as a cashless model.
Governor of Edo State, Senator Monday Okpebholo, representing the President, praised the financing structure of the project, calling it a “legacy project.” He noted, “For private investors to risk their capital, it shows belief in the president’s vision and the future of our economy.”
Mr. Wale Edun reiterated that this model will be used for projects across the country: “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.”
The 125km Benin–Asaba Expressway is more than just a road; it represents a commitment that world-class infrastructure is possible through innovative financing and investor confidence.
