The Federal Government of Nigeria has granted private individuals permission to build, operate or maintain assets on some federal highways that are up for concession.
This arrangement was made under the new highway development and management initiative (HDMI). The initiative is contained in a new document released by the federal ministry of works and housing (FMWH) and signed by Boade Akinola, its director of press and publicity. It outlines how the partnership would be executed. The FMWH said the concession process will be classified into two categories; value-added concession and unbundled assets approvals. This will lead to the use of tollgates for concessionaires to recoup investments.
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