FG set to concession Lagos Int’l Trade Fair Complex, Calabar Special Economic Zone, others
The Federal Government, through the Bureau of Public Enterprises (BPE), has revealed plans to concession the Tafawa Balewa Trade Fair Complex, Lagos International Trade Fair Complex (LITFC), Calabar Special Economic Zone (SEZ) and Kano Special Economic Zone (SEZ).
This was disclosed in a statement by Amina Othman, the Head of Public Communications at BPE.
Amina added the BPE has scheduled to disclose more on the concession at an international investors’ webinar on Tuesday, February, 23, 2021.
The webinar is in line with the new mandate of BPE as contained in a new Federal Government circular.
“It gives the bureau the responsibility for the concession of public enterprises and infrastructure already listed in the first and second schedules of the Public Enterprises Act.
“Acting on behalf of the Federal Government as the counterparty on all infrastructure projects being developed on a Public-Private Partnership (PPP) basis,” she added.
The Federal Government revealed recently that it is expecting over N1 trillion investments from the private sector for the development and maintenance of the various highways earmarked for concessioning under the Highway Development Management Initiative (HDMI).
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