Plans to re-concession Lagos Trade Fair intact – Ajayi

The Executive Director of the LITF Complex Management Board, Chief Lucy Ajayi, said the plans to concession the LITF complex had not taken a back seat.

Ajayi said the management board is on the same page with the Bureau of Public Enterprises (BPE) and Feedback Consortium on the issue.

She stated this on Saturday during a meeting with the LITF Complex stakeholders’ forum and the representative of other parties involved in the re-concessioning process.

Ajayi said the parley was to aid flow of information amongst all stakeholders, adding that advertisement for the re-concession would soon be made public.

She said: “I want to tell you that the re-concessioning is real because that is the NCP’s decision and it must hold. We have a transaction adviser, Feedback Consortium, appointed by the Federal Government and they have been invited for this meeting to give us an update of the process. But with the meeting I had with BPE, the chairman of NCP is not too happy about the delay.

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“We are all on the same page and the re-concession process advert will come out before December; that is what BPE and I have concluded.”

The LITF executive director insisted that re-concessioning the asset would help the government in its revenue generation drive.

“The re-concession should bring more money to the government because the last concessionaire didn’t do well with the complex and the government doesn’t have enough money now to start repairs. So, bringing in a concessionaire will be to develop this place. It is going be a developmental re-concessions and with that, we could partner with them, the essence of re-concessioning is to make more money,” she added.

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