FG Approves Lagos-Ibadan Expressway Concession Deal

The Federal Government of Nigeria has approved the concession of the Lagos-Ibadan Expressway as part of a public-private partnership arrangement, as disclosed by the Minister of Works, Dave Umahi, on Monday during a press briefing at the State House following a Federal Executive Council meeting. President Bola Ahmed Tinubu directed the reconstruction of the failing Lagos-Badagry Expressway section using reinforced concrete technology due to safety concerns regarding the deteriorating pavement.

The council approved a total of 23 road projects across 10 states, including Adamawa, Taraba, Ebonyi, Kwara, Cross River, Kogi, Lagos, Niger, Oyo, and Plateau, with a combined value of approximately ₦2.78 trillion. The council also approved the reconstruction of 32.2 kilometers of road projects valued at ₦14 billion and ₦15 billion.

Additionally, Minister of Aviation and Aerospace Development, Keyamo, announced the approval for the construction of a Boko airstrip in Benue State, which will serve as an import hub for agricultural activities in the Middle Belt, with an approved sum of ₦34 billion.