Invest in Centenary City project, MD urges foreign investors
Investment
By Doris Esa
Dr Ike Odenigwe, the Managing Director of Centenary City, Abuja, has called on foreign investors to explore opportunities in the Centenary City project.
The News Agency of Nigeria (NAN) reports that the project was initiated towards the end of former President Goodluck Jonathan’s administration in 2014.
The 18.5 billion dollar project was designed to create a smart city, attract global investment and position Nigeria as a prime destination for business and development.
Odenigwe made the call at a news conference to re- introduce the Centenary city project to the public on Tuesday in Abuja.
He said that the project was conceptualised as the foremost Abuja Urban Renewable project.
” This is a sustainable project, we need direct foreign investors that will come to stay,” he said.
He said that the city project presented a great opportunity to create value and raise Abuja‘s profile and encourage international investment in Abuja.
” This project is designed to work in harmony with nature, the districts and communities are designed to fit in among the natural landscape, offering both an impressive downtown skyline and peaceful suburban living.
” The city is conceptualised as a truly multifunctional development that offers a complete cosmopolitan lifestyle to its residents as well as serves as a tourism hub for the wider community,” Odenigwe said.
Odenigwe said some key components of the city included five-star Hotels, Luxury Serviced Apartments and Residences and an International Commerce Centre (ICC).
Others are, Mall of Africa, the Championship Golf Course and Golf Estate, the Championship Polo courses, and Polo Estate.
” Also, Nigeria park, Safari park, Industrial park, African Arts Museum, Entertainment District and Amusement park.
“There will be various healthcare and educational facilities and extensive residential dwellings,” he said.
He said that after a pause in the development, the project is now back on track with the promise to redefine sub- Saharan Africa‘s skyline and enhance Nigeria’s global standing in urban development.
The managing director said that the Centenary city management on Aug.15, officially engaged Julius Berger Nigeria Plc for the provision of infrastructure for the centenary.
Odenigwe said that the project phasing planning plan would be in five phases: phase 1, phase 2A, phase 2B, Phase 2C and Phase 3.
He said that the phase 1 primary infrastructure which is to cost N750 billion, would be executed in lots.
” Lot 1 includes the plot of an Access road of 4.3 kilometers and the secondary infrastructure of the grove residences, and the ridge villas,” Odenigwe said.
He acknowledged the visionary leadership of Mr Nysom Wike, the Minister of FCT who in his wisdom, encouraged masterly and sustainable development in the FCT.
” We hereby invite the general public to witness a dramatic progress in this long awaited amazing project,” he said. (NAN) (www.nannews.ng)
Edited by Joseph Edeh
