Skip to main content

Why The Centenary City Is Nigeria Friendly

By
Centenary City is an investment worth N2.9 trillion by local and international investors amongst who are Julius Berger of Germany, Atlantic Golf International Limited in partnership with Eagle Hills, a property developer in Dubai and supported by the government of United Arab Emirate. Eagle Hills headed by His Excellency Mohammed Allabar is known to have built the #tallest building in the world, the tallest restaurant in the world, the world's biggest shopping mall etc. These projects have attracted more than 54 million visitors to Dubai in 2011 alone. The same projects are expected to be replicated in Nigeria, making Abuja the Dubai of Africa.

The Abuja Centenary City will be the second-largest private city development in history, and signals a new national economic awakening. It will promote world-class multinational and domestic businesses in a planned environment that will encourage business and trade in the 21st century. Around 100,000 people will live in the new city, with a further 500,000 expected to pass through it daily.

The City will incorporate a free trade zone, duty free regime, tax holidays and non-regulated banking services in an effort to boost trade and investment in Nigeria, and make it replica of the successful cities like Dubai, Monaco, Shenzhen, Singapore and Songdo.

The Centenary City will signpost the Nigeria of the future, leveraging world class urban development as a tool for securing Foreign Direct Investment (FDI) and signalling a new economic awakening across the entire country. By the end of its 10-year development Lifecycle, this revolutionary and expansive urbanization project is expected to create over 55,000 well-paying jobs, 250,000 construction jobs and accommodate a residential population of about 150,000 people. The Centenary City is envisioned as a business, driven by the Private Sector. The structure of the City is inspired by other Model cities across the globe that are insulated from the vicissitudes of policies and broken infrastructure that characterize the poorly run cities around them.

Speaking at the ground breaking, the Chairman of the Centenary City Plc, Gen. Abdulsalami Abubakar (rtd) said the city is being planned to ranked among the big cities in the world and that the model unveiled was in line with that vision.

Comments

Post a Comment

Popular posts from this blog

BUCCANEERS WARNS PYRATE CONFRATERNITY, THREATENED A SHOWDOWN

By
BUCCANEERS WARNS PYRATES CONFRATERNITY It's no news that the pyrates confraternity has been throwing shots at the buccaneers confraternity on media at any given opportunity.The last was at Professor Wole Soyinka's 80th Birthday when the capone of pyrates confraternity was interviewed on Am express in his speech he labeled the Buccaneers confraternity as a (Secret Cult). But the buccaneers have said "Enough Is A Enough!" And wrote an open letter to the pyrate confraternity and the general public stating their cause and what the buccaneers confraternity stands for. This piece was written by:  Barrister Femi Osibanjo Grand Eye Buccaneer Confraternity Read Piece below: Dear All, It has become necessary to address you once again. This Brotherhood is a private membership only Association or Friendly Society, which does not seek to compete with any organization, Fraternity, Sorority or Club. For this reason, we will not seek to respond to any...
1 comment
Read more

AKWA IBOM CHILD RIGHTS LAW

By
The Akwa Ibom State Child Rights Law The Governor of Akwa Ibom State, Obong Godswill Akpabio, on 5th December, 2008 signed the child rights act into law to protect the growth of perceptual, emotional, intellectual, and behavioural capabilities and functioning during childhood of Akwa Ibom children under 16 years. The law protects the Akwa Ibom child from birth to adolescence and up to 16 years such that the child is afforded the necessary protection and assistance so that it can fully assume its responsibilities within the community. Child development becomes notable from the emergence of speech at one to two years of age. 2 to 7 years is early childhood where the child uses symbolic thought and language to manipulate their environment. 7 to 12 is late childhood and marks the beginnings of logic, involving the classification of ideas and an understanding of time and number. 12 up forms development of empathy, the ability to appreciate the feelings and perspectives of others. An...
Post a Comment
Read more

EFREN PENAFLORIDA - SOCIAL WORKER AND TEACHER

By
Efren’s Penaflorida – Social Worker and Teacher Efren Peñaflorida, Jr. sports no cape. He has no superpowers. You would neither throw him a second glance nor even notice him in a big crowd. There is really nothing special about Efren except his unparalleled dedication to reforming kids in their poverty-stricken community in Cavite, Philippines.Efren Peñaflorida, Jr.’s sanity was questioned when people first saw him going around the neighborhood pushing his improvised cart loaded with food, books, paper, pencils, and other things you would commonly see in a classroom. Why, Efren goes around the neighborhood pushing a mobile classroom to peddle the love for education. He left his well-paying job as a private school teacher to devote all of his time and effort to his Kariton Klasrum project while his neighbors mock him.To make matters worse, his parents and brother did not see the point in his earnestness to get out-of-school youths interested in going back to school. For a family s...
Post a Comment
Read more