City in Federal Capital Territory, Nigeria
Centenary City
is a
planned city
in the
Federal Capital Territory
in
Nigeria
. Centenary City is a master-planned development overseen by Centenary City FZE, as part of Nigeria's vision to create the city of the future
smart city
along the same lines as
Dubai
,
Monaco
and
Singapore
. The city is to be built from scratch on 1,260 hectares of virgin land located several kilometers southwest of Nigeria's capital,
Abuja
and five kilometers from the International Airport.
The concept of the city was conceived as a legacy project to mark the 100 year anniversary of Nigeria by January 1, 2014, during the administration of President
Goodluck Jonathan
. The city will have a mixed-use urban center, a central business district, a financial center, a museum and cultural center to promote African and global arts, world-class hotels, Grade A offices, residential districts, an 18-hole golf course, polo and country club, an international convention center, sports and leisure facilities, a safari Park, educational institutions, healthcare, and community amenities.
[2]
It is to be private-sector driven.
[3]
Centenary City has been declared an Economic City and approved for
Free Trade Zone
(FTZ) status by Nigeria Export Processing Zone Authority (NEPZA). Centenary City is not the first FTZ to be licensed by NEPZA. There are over 30 FTZ operating in Nigeria approved by the government in order to boost the economy and attract foreign direct investments (FDI).
Delays and return to work
[
edit
]
As of August 2018, plans were afoot for the project to get back on track after three years of administrative and land acquisition setbacks. Speaking at a press briefing, the director of NEPZA said the project when completed will attract Foreign Direct Investments (FDIs) worth over $18bn and create direct 250,000 jobs. He revealed that the local and foreign investors led by Nigerian businessman,
Alhassan Dantata
and Front Range, have so invested $40 million on the master plan and other preliminary works.
[4]
A signature infrastructure called “Buhari Tower”, named after incumbent President
Muhammadu Buhari
has been earmarked for construction within the Centenary City project.
Commencement of work
[
edit
]
Work has commenced in 2018 on the first Co-development Project of Centenary City namely "The GROVE". Primary Infrastructure of the Site has reached 60% completion.
See also
[
edit
]
References
[
edit
]
External links
[
edit
]