The Nigerian Federal Executive Council (FEC) has approved the concession of the Kashimbila Integrated Cargo/Agro-Allied Airport in Taraba State under a public-private partnership (PPP) framework.
This landmark project, regulated by the Infrastructure Concession Regulatory Commission (ICRC), spans multiple sectors, including agriculture, water resources, and aviation.
According to Ifeanyi Nwoko, Acting Head of Media and Publicity at the ICRC, the project will transform an existing airstrip in Kashimbila into a fully equipped cargo/agro-allied airport.
Additionally, it will incorporate over 3,000 hectares of farmland, fish farming facilities, and a livestock ranch, creating a hub for agribusiness and export activities.
Dr Jobson Ewalefoh, Director General of the ICRC, expressed gratitude to President Bola Ahmed Tinubu for his swift approval of the project, emphasising its potential to enhance Nigeria’s agricultural export capabilities.
He highlighted that the project’s procurement processes were completed within six months, in line with the president’s directive to fast-track PPP initiatives.
Ewalefoh further outlined the expected benefits of the Kashimbila project, noting that it will significantly boost agricultural productivity through year-round irrigation farming.
It is also projected to create numerous job opportunities, attract investment in agribusiness, and stimulate local and national economies through enhanced trade and exports.
The project is set to enhance regional integration, facilitate trade, and generate substantial economic activity by improving connectivity to both national and international markets. Over the concession period, it is expected to yield N4.1 trillion in revenue from multiple sources.
Ewalefoh acknowledged the collaborative efforts of various government ministries in ensuring the project’s success, reaffirming their commitment to achieving the objectives of President Tinubu’s Renewed Hope agenda.
