Introduction to Centenary City Project
The Managing Director of Centenary City, Abuja, Dr Ike Odenigwe, has called on foreign investors to explore opportunities in the Centenary City project. 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.
Project Overview
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. The city project presents a great opportunity to create value and raise Abuja‘s profile and encourage international investment in Abuja. The project is designed to work in harmony with nature, with districts and communities designed to fit in among the natural landscape, offering both an impressive downtown skyline and peaceful suburban living.
Key Components of the City
Some key components of the city include five-star Hotels, Luxury Serviced Apartments and Residences, and an International Commerce Centre (ICC). Others are the Mall of Africa, the Championship Golf Course and Golf Estate, the Championship Polo courses, and Polo Estate. Additionally, there will be Nigeria park, Safari park, Industrial park, African Arts Museum, Entertainment District, and Amusement park. Various healthcare and educational facilities and extensive residential dwellings will also be included.
Project Phasing and Infrastructure
The project phasing planning plan will be in five phases: phase 1, phase 2A, phase 2B, Phase 2C, and Phase 3. The phase 1 primary infrastructure, which is to cost N750 billion, will 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. The Centenary city management has officially engaged Julius Berger Nigeria Plc for the provision of infrastructure for the centenary.
Conclusion
The Centenary City project is a sustainable project that needs direct foreign investors. 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 acknowledged the visionary leadership of Mr Nysom Wike, the Minister of FCT, who encouraged masterly and sustainable development in the FCT. The general public is invited to witness the dramatic progress in this long-awaited amazing project.
FAQs
Q: What is the Centenary City project?
A: The Centenary City project is a 18.5 billion dollar project designed to create a smart city, attract global investment, and position Nigeria as a prime destination for business and development.
Q: When was the project initiated?
A: The project was initiated towards the end of former President Goodluck Jonathan’s administration in 2014.
Q: What are the key components of the city?
A: The key components of the city include five-star Hotels, Luxury Serviced Apartments and Residences, International Commerce Centre (ICC), Mall of Africa, Championship Golf Course and Golf Estate, and others.
Q: How many phases will the project be completed in?
A: The project will be completed in five phases: phase 1, phase 2A, phase 2B, Phase 2C, and Phase 3.
Q: What is the cost of the phase 1 primary infrastructure?
A: The cost of the phase 1 primary infrastructure is N750 billion.
