Nigeria president,Goodluck Ebele Jonathan as approved the concession of the national stadium in Lagos.
The approval, according to the sport ministry, was granted recently and the honourable minister of sports, Mallam Bolaji Abdullahi is expected to constitute the project steering committee and the project delivery committee, which will liaise with the infrastructure concession regulatory commission, ICRC to draw up modalities for the concessioning.
In September 2012, federal executive council had set up a committee to look into the mode of maintenance of federal stadia and to develop a sustainable funding framework for sports in general.
That committee in turn set up a technical sub-committee, which would in collaboration with the bureau of public and enterprise and infrastructure concession regulatory commission recommend the most viable option for the maintenance of the six federal stadia according to a statement from the sports ministry.
The technical committee recommended the involvement of private sector participation in the management and operations of the stadia with concession as the preferred approach and it also recommended that the concession of the federal stadia should start with national stadium, Lagos.