Public assets put on concession by the Federal Government are expected to generate N9.1tn revenue every year over the next 55 years.
The generated revenue will be shared between the government and private investors based on a contractual agreement.
This implies that the new administration of President Bola Tinubu-led administration may receive N36.4tn in its first four-year tenure.
An analysis of reports sourced from the Infrastructure Concession Regulatory Commission showed that the concession includes projects in sectors ranging from transportation to ports, energy, dams and hydropower plants.
It also noted the concessions had to do with infrastructure and special projects, which were franchised between 2021 and 2023 to private investors under the administration of former President Muhammadu Buhari.
Some of the franchised assets include the establishment of a Planetarium and Museum at the National Space Research and Development Agency, expected to generate N30bn for the Federal Government and the private sector investors.
Also, the Federal Executive Council recently approved the concession of the Nnamdi Azikiwe International Cargo Airport, Abuja; the Mallam Aminu Kano International Airport, Kano; as well as the Expatriate Employment Levy, expected to generate $1.76bn, $596m, and $13.4bn, respectively.
