Centenary City Project To Create 87,000 Jobs -FG

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The Federal Government and development partners involved in the Centenary City Project in Abuja are targeting over 87,000 job opportunities for Nigerians and expatriates in the real estate sector.

The project which is valued at over $18.6billion has a gestation period of more than 10 years.

The Federal Capital Development Authority is one of the major stakeholders involved in the project.

The Centenary City would have 260 luxury villas, 256 apartment buildings including 139 office buildings all functioning in a seamless environment.

The Chief Operating Officer of Address Hotels and Resorts, a subsidiary of Eagle Hills, Philippe Zuber, while unveiling the city model in Abuja on Tuesday, said the project was conceptualized to complement the national implementation plan of the Federal Government especially in its quest to become one of the top economies by year 2020.

According to him, the city would operate as a free zone where there would be tax exemptions for corporate and business entities within the city as well as import and export duty exemptions.

Zubeiru said, “We are targeting over 87,000 direct employment opportunities in this massive project that will make Abuja and Nigeria a major investment hub; however, those to be employed will be more of Nigerians and a few other expatriates from other parts of the globe.

“Abuja has the potential for tremendous growth in the future and centenary city project has been conceptualised in celebration of Nigeria’s 100 years. This city has the potential to become a game changer for real growth in the near future.

“We are committed to ensuring that this project is fully developed. We have done it before and we can assure you again that we will do it here, with the experience gathered in developing similar projects in over 60 markets across the world”.

Courtesy: Punch

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