The federal government is encouraging investors to explore Centenary City, Abuja, a $18.5 billion multifunctional development project.
Covering 1,500 hectares, the city is designed as Africa’s largest of its kind, promising significant economic impact.
The project aims to create 250,000 direct jobs and 500,000 indirect jobs through construction and related site activities.
Its Dubai-inspired design is expected to attract global investments and enhance Nigeria’s overall development and international appeal.
Ahmed Dangiwa, Minister of Housing and Urban Development, noted alignment with President Tinubu’s Renewed Hope City agenda.
The minister emphasized diverse living options, sports, medical tourism, and a conducive environment for public-private partnerships.
He directed the PPP department to collaborate with Centenary City Plc and Infrastructure Concession Regulatory Commission (ICRC).
Pius Anyim, Vice Chairman of Centenary City Plc, urged ministry support for funding to facilitate affordable homeownership.
Originally launched during former President Jonathan’s tenure, the project faced delays due to controversies hindering its progress.
Despite setbacks, former President Buhari praised development partners for their confidence in investing $18.5 billion in Nigeria.
