- Nasarawa State Government partners with InfraCredit and NASIDA to begin feasibility studies for the Aso-Pada Toll Road, aimed at improving connectivity between Nasarawa and Abuja.
- The toll road project, which is backed by NGN12.5 billion in funding, will support the development of the Nasarawa Technology Village, including affordable housing and innovation facilities.
- InfraCredit’s Annuity PPP Guarantee Product will drive sustainable infrastructure financing, create jobs, boost local economies, and support long-term growth in the region.
Governor Abdullahi A. Sule of Nasarawa State has initiated feasibility studies for the Aso-Pada Toll Road project through a partnership with InfraCredit, led by CEO Chinua Azubike, and the Nasarawa Investment and Development Agency (NASIDA), headed by MD/CEO Ibrahim A. Abdullahi. The Agence Française de Développement (AFD) supports the project with technical assistance.
The Aso-Pada Toll Road aims to improve transportation along the Keffi-Nyanyan-Abuja corridor. This project will establish a more reliable route between Nasarawa State and the Federal Capital Territory (FCT), Abuja, enhancing the movement of people, goods, and services. Investors and businesses will benefit from increased economic activity along this corridor.
The road project also supports the Nasarawa Technology Village (NTV), currently in development. NTV will become a centre for innovation and technology, with 1,962 affordable housing units, a technology incubation centre, and research facilities. InfraCredit and Shelter Afrique Development Bank provide NGN12.5 billion in funding for Modern Shelter Systems and Services Limited to construct 370 affordable housing units, meeting International Finance Corporation’s (IFC) EDGE Buildings standards.
InfraCredit’s Annuity PPP Guarantee Product drives the Aso-Pada Toll Road project. This initiative addresses infrastructure financing challenges by bringing together private investors and development partners. By mobilising resources, InfraCredit ensures the sustainability and bankability of new infrastructure projects.
The Aso-Pada Toll Road will create jobs, reduce poverty, and stimulate local economic growth. With improved infrastructure and connectivity, the region expects a boost in business activity and investment. The project is key to promoting sustainable development and supporting the regional economy.
InfraCredit’s Annuity PPP Guarantee Product focuses on sustainable financing for infrastructure in Nigeria. This model accelerates development across several states by ensuring state support and private-sector leadership. It enables revenue-generating projects that deliver critical infrastructure and services.
With this partnership, the Nasarawa State Government, InfraCredit, and NASIDA mark a significant milestone in regional development. The project showcases the importance of collaboration between government and private investors to drive economic progress. With the feasibility study for the Aso-Pada Toll Road underway, stakeholders expect the project to unlock significant economic opportunities for Nasarawa State and beyond.
Along with the Nasarawa Technology Village, this road project will reshape the economic landscape by improving transportation links and fostering innovation. The partnership represents a new chapter in infrastructure development, setting the stage for future growth, sustainability, and innovation in Nigeria.
Wow! That’s fantastic, we’ll be waiting and ready to seized the opportunity. That’s a good initiative