The federal government of Nigeria, who owns 100% equity on the property at the moment, has faced a lot of antagonism both locally and internationally. The average estimate for annual maintenance since its inauguration has been about $7 million, a number considered high by many standards. Due to the high cost of maintenance, the federal government has been seeking options for privatization of the facility. Through the Bureau of Public Enterprises (BPE), the Federal Government of Nigeria intends to grant a concession to a sole Concessionaire who will enter into an investment commitment, and essentially operate the stadium with a primary goal of generating revenue from the proceeds of sporting events, concerts, religious activities, corporate sponsorship, corporate advertising and other promotional activities.