Nigeria: Lagos Govt to Take 24 Percent Equity in TBs, Trade Fair Complex

23 February 2021

The Lagos State government has offered to take up 24 per cent of the Tafawa Balewa Square and Lagos International Trade Fair Complex.

The Governor of the state, Mr. Babajide Sanwo-Olu announced this at the virtual Investors' Forum this afternoon.

Under the arrangement, the Lagos State government would contribute 24 per cent of the required investment in exchange for the same amount of shares in concession Special Purpose Vehicle (SPV) in partnership with the concessionaire.

The Director-General of the Bureau of Public Enterprises (BPE) Mr. Alex Okoh, disclosed that the concession would be for a period of 30 years, renewable by the federal government for another 30 year period.

Vanguard News Nigeria

More From: Vanguard

Don't Miss

AllAfrica publishes around 800 reports a day from more than 130 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.