The Federal Government (FG), in partnership with Africa Plus Partners, has launched the 125km Benin–Asaba Expressway Project in Edo State.
The project, a dual-carriage, solar-lit superhighway, is fully financed by private investors under a Public-Private Partnership (PPP) model.
Speaking at the flag-off ceremony, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, described the initiative as a major breakthrough in infrastructure financing.
He emphasised that the project is backed by private capital and does not depend on direct federal funding.
“What you see on the front page of the pamphlet will be delivered—because the cash is there,” Edun assured.
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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.”
The Minister of Works, David Umahi, highlighted the project’s cashless financing model, underscoring its importance in the government’s Renewed Hope Agenda.
Edo State Governor, Monday Okpebholo, praised the financing structure, calling the project a legacy investment.
“For private investors to risk their capital, it shows belief in the president’s vision and the future of our economy,” Okpebholo stated.
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Reaffirming the administration’s commitment to infrastructure development, Edun noted 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,” he said.
