Nigeria‘s $18-billion Centenary City begins construction

01 July 2014

Nigeria’s President Goodluck Jonathan inaugurated the construction of the ($18b) Centenary City in Abuja to mark Nigeria’s 100 years of nationhood.

At the groundbreaking ceremony of the City along the Airport Road, he said the project will be residential, but will also be an economic city with a free trade zone, modern and unique. State-of-the-art facilities in a city that will represent modernity and Nigeria’s distinct cultural heritage include a Presidential Archive

Jonathan said it would also provide an opportunity for Nigerians to share in the progress and aspirations of the country, stressing that it marks the coming of age of the participation of the private sector in the development of the economy.
Secretary to the Government of the Federation, Anyim Pius Anyim explained that 500,000 visitors are expected in the city daily.

It is to be managed by Centenary City Plc, a consortium chaired by former Head of State Abdusalami Abubakar, and developed by Eagle Hills Ltd of United Arab Emirates (UAE) at no cost to the federal government.

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