Nigeria / Abujei’s new center!
Abuja Centenary City, a smart, inter-connected urban centre that draws on the latest technologies, will have a central business district, a financial centre, a museum and cultural centre to promote African and global arts, world-class hotels, business and technology parks, residential districts, an 18-hole golf course, and industry centres, sports and leisure facilities and community amenities. Abuja Centenary City is designed to work in harmony with nature, it is a city within a city that will offer complete cosmopolitan lifestyle to its residents, as well as serve as a hub for the wider community.
The location is a few minutes from the Nnamdi Azikwe International Airport while it is a thirty minute drive from the city centre.
Construction work has commenced on the first phase of the Abuja centenary city which has a completion date of four years. The entire project is expected to cost about $180.6 billion with a completion period of ten years. The City is being developed by Eagles Hill.
According to the Executive Director of Eagles Hill, Mr. Jaimal Shergill, the first phase named ‘The Address and Residence’ would offer a combination of residential and hotel spaces, spanning across 25 hectares of land with world class amenities, restaurants and more.
He added that ‘The Address’ would bring its five-star services to elevate the city’s standard of living with luxury villas featuring four to nine bedroom units.
Despite being a Public Private Partnership (PPP), Shergill explained, the centenary city, as a free trade zone, would be exempted from both federal and state taxes, pointing out that it would also be exempted from the Federal Capital Territory (FCT) property tax.
The executive director revealed that 87, 000 jobs would be created. “In addition to that, ‘ he said, we will have- 137, 000 residents-a bulk of the workers will be Nigerians, and in our estimate for every resident, two or three jobs would be created, which is close to about 300 to 400, 000 jobs.
“There will be two stages of job creation which include the construction phase and the services stage. The first phase which is the five star hotel and residence would be completed within four years.”
Shergill noted that centenary city is not for the rich alone as it is an all-inclusive project, adding that the first phase is a bit expensive but the housing phase is all encompassing.
He disclosed further that arrangements were on top gear with their partner to power the site, noting that compensation had been paid to all the inhabitants of the place.
Abuja Centenary City is a city being modeled after cities such as Dubai, Monaco and Singapore, to serve as a political and economic tool for securing foreign investment.
However, the original owners of the land used for the Centenary City Project in the Federal Capital Territory (FCT) have demanded that their land be given back to them.
The owners claim that since their land was taken, they have not received compensation nor re-allocation papers.
Author: Tubonemi – Nigeria