The Nasarawa State Government has established the Nasarawa Transport Company and concessioned the N3.1bn mega bus terminals newly constructed in Karu and Lafia.
The state government signed the two joint venture agreements with a private firm, Diamond Stripes, at a ceremony at the Government House, Lafia on Friday.
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With the agreements in place, Diamond Stripes, a major player in the transport industry, will take control and manage the N1.9bn Karu and N1.2bn Lafia mega bus terminals.
The Nasarawa State governor, Abdullahi Sule, said the agreement was in fulfillment of the desire of his administration to introduce innovations in the business of governance.
He explained that it became necessary to concession the terminals to a private company because it had been proven severally that government was not a good manager of business enterprises.
Earlier, the chairman of Diamond Stripes, Victor Terra, said the signing of the agreement had given birth to the Nasarawa Logistics and Transport Company.