Lagos State Government plans to acquire 24% stake in Tafawa Balewa Square (TBS) and Lagos International Trade Fair Complex.

This was disclosed by Governor Babajide Sanwo-Olu during a virtual Investors’ Forum on Tuesday.

How it works?

Lagos is expected to take 24% of the total investment in exchange for the corresponding amount of shares.

Director-General, Bureau of Public Enterprises, Alex Okoh, explained that the concession will be for a period of 30 years, as it is renewable by the Federal Government for another 30-year period.

What you should know
A few weeks back, the Federal Government had revealed plans to concession the Tafawa Balewa Square, Lagos International Trade Fair Complex, and the Calabar and Kano Special Economic Zones.

According to the Head of Public Communications, BPE, Amina Othman, the bureau would hold an International Investors’ webinar on the four concession opportunities.
A concession is a form of Public-Private Partnership, where a government-owned asset is being operated and maintained by a private investor for a period of time on terms contained in a concession agreement.

seniormallam:
We know the private person that will control the Lagos concession, toll gate is a bad market for now, another one is here, let the milking begin.

seniormallam:
We know the private person that will control the Lagos concession, toll gate is a bad market for now, another one is here, let the milking begin.

seniormallam:
We know the private person that will control the Lagos concession, toll gate is a bad market for now, another one is here, let the milking begin.

Yankee101:
Better for state governments to take them than for Buhari's brothers

I hope rivers govt will take over Portharcourt refinery

seniormallam:
We know the private person that will control the Lagos concession, toll gate is a bad market for now, another one is here, let the milking begin.

seniormallam:
We know the private person that will control the Lagos concession, toll gate is a bad market for now, another one is here, let the milking begin.

SuperBold:

“In some states of Nigeria today, where we have highly intelligent people, highly educated people, very enterprising people, like Abia, they are governed by drunkards. The governor of Abia is a champagne drinking man.- Senator Smart Adeyemi

''Abia people are impoverished more than ever before. Abia people are unfortunate.” - Senator Smart Adeyemi

This should concern you more, 2 out of your governors are drunkards, one is a woman, one is dropping hiroshima on his people and the last one is just clueless.

ba7man:
If some Nigerians were as concerned about their States the same way they were concerned about Lagos, Nigerian will be a better place.

ejanla077:

Better than ur people surrendering ancestral land to strangers who are fulani

“In some states of Nigeria today, where we have highly intelligent people, highly educated people, very enterprising people, like Abia, they are governed by drunkards. The governor of Abia is a champagne drinking man.- Senator Smart Adeyemi

ejanla077:


Are u from lagos. Do u have any stake in Lagos do you pay tax in lagos more than this people you hate so much..
Do you have a house in lagos.. Do you even work. Are you productive as a human in lagos more than anyone of them.. If not hide ur cone head in shame

AFONJACOW:
Crooky thiefinubu and family buying up Lagos properties as if nah only them dey there

seniormallam:
We know the private person that will control the Lagos concession, toll gate is a bad market for now, another one is here, let the milking begin.

Lordswazz:
Lagosians should just hope this isn't one of those lopsided deals where public servants use public funds to make bad and overpriced investments mainly for the kickbacks they'll get in return or to save a buddy's ailing business.