Why FG Abandoned PPP on Major Infrastructure Projects ~ Fashola

The Minister of Works and Housing, Babatunde Fashola, says the current administration abandoned the Public Private Partnership (PPP) on major infrastructure projects, including the Second Niger Bridge, and the Lagos-Ibadan expressway because investors could not secure needed funding from banks.

Fashola, ex-Lagos State governor, called for the audit of the existing concession agreements between the federal government and investors.

The Minister spoke on Monday at the public hearing by the House of Representatives Committee on Privatisation in Abuja.

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