The Director General of the Committee Gbenga Elegbeleye explained that the decision to concession the National Stadium comes due to budget constraints that make impossible to properly maintain the stadium.
The Lagos National Stadium is a multi-purpose stadium located in Surulere, Lagos State. It was used mostly for football matches until 2001. When the stadium was built in 1972, it had a capacity of 55,000. The capacity was then reduced to 45,000 in 1999.
For unknown reasons, the National Stadium has been abandoned since 2002. In 2009, the National Sports Commission begun a concerted effort to bring the facility back to world class status.
In the case of the Athletes hostel, approval had earlier been secured to convert the facility from hostel to a four star hotel but work was however put on hold due to lack of funds. Construction works commenced in 2005 with a 200 room accommodation capacity, presently, work at the hostel has reached a 65 per cent completion level.