Connect with us

Economy

After 10 years, Nigerian Senate probes stalled $18.5bn Abuja Centenary City Project

Published

on

Akpabio

The Nigerian Senate on Tuesday, May 7, set up a seven-member ad-hoc committee to investigate the factors impeding the completion of the $18.5billion Abuja Centenary Economic City project 10 years after of commencement.

The red chamber tasked the committee to review the original public private partnership agreement and recommend amendments, if necessary, to facilitate smooth and expeditious completion of the project within a defined timeframe.

The Senate also urged the federal government to prioritise the revival of the Centenary City project by providing appropriate support, resolving regulatory issues and addressing any other impediments, given its beneficial potential to the economy and people of Nigeria after 10 years of stalled progress.

The resolutions of the senate followed its consideration of a motion titled: “Urgent need to revive and complete the stalled Centenary City Project, to realise its economic and development potential” during plenary.

The motion was sponsored by the Deputy Senate Leader, Senator Ashiru Yisa (APC – Kwara South).

Yisa in his lead debate, urged colleagues to note that the Abuja Centenary Economic City project commenced in 2014 through a public private partnership to develop a modern city in the mood of Dubai to commemorate 100 years of Nigeria’s amalgamation celebration.


For Diaspora Digital Media Updates click on Whatsapp, or Telegram. For eyewitness accounts/ reports/ articles, write to: citizenreports@diasporadigitalmedia.com. Follow us on X (Fomerly Twitter) or Facebook

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest from DDM TV

Latest Updates

Vibrant Igbo street carnival set to rock Austria on August 2

Ex-president Álvaro Uribe handed 12-year sentence for bribery plot

Police accused of abducting popular TikToker, violating human rights

ADC: The APC Must Reapply to the Nigerian People in 2027 — Says “No Vacancy” Comment Arrogant and Undemocratic

I no longer identify as Nigerian — Kemi Badenoch

Academic Activities Crippled as LASU Begins Indefinite Strike

France halts Gaza evacuations over antisemitism row involving student

IPOB rejects terror label, calls Buhari-era ban illegal

JUST IN: Trump Deploys U.S. Nuclear Submarines Near Russia After Medvedev’s Threats

Anambra police uncover ritual killing ring after nurse’s murder

Subscribe to DDM Newsletter for Latest News

Get Notifications from DDM News Yes please No thanks