The Federal Government of Nigeria has officially launched the 125km Benin-Asaba Expressway Project in Edo State, a dual-carriage, solar-lit superhighway fully financed by the private sector under a Public-Private Partnership (PPP) model.

This ambitious project marks a significant milestone in Nigeria’s infrastructure development and showcases the power of private sector partnership.

At the flag-off event, Honourable Minister of Finance & Coordinating Minister of the Economy, Mr. Wale Edun, described the project as a milestone in infrastructure financing. He emphasized that the project’s success is guaranteed, thanks to the full capital commitment from Africa Plus Consortium, backed by credible investors.

The project is part of President Bola Tinubu’s Renewed Hope Agenda, demonstrating how strategic partnerships can unlock long-term value for the economy.

Minister of Works, Senator David Umahi, highlighted the project’s cashless financing model, while Edo State Governor, Senator Monday Okpebholo, praised the financing structure as a “legacy project” that showcases private investors’ confidence in the president’s vision and the future of the economy.² ³

The Benin-Asaba Expressway is expected to be more than just a road; it’s a statement that world-class infrastructure is achievable through innovative financing and investor confidence.

With this project, the federal government aims to replicate this model nationwide, delivering sustainable infrastructure development through transparent, efficient, and speedy financial frameworks.