Lagos govt. to take 24 % equity in TBS, Trade Fair Complex

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

This was announced by the Governor Babajide Sanwo-Olu, at Tuesday’s virtual Investors Conference.

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Under the agreement, Lagos State would contribute 24% of the investment needed in return for the same amount of shares in the Special Purpose Vehicle (SPV) concession in collaboration with the concessionaire.

Director-General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh,  announced that the concession will be renewable by the federal government for a further 30-year term for a total of 30 years.