P-A-R-A-D-I-S-E - Abuja new city to cost 4billion US Dollars

 

A total of 16 companies are expected to invest close to 4billion US Dollars to develop 10 districts that would make up the new Abuja smart city. The Federal Government says the city is
being developed as part of activities to mark the nation’s centenary celebration slated for 2014.

According to a statement credited to the Minister for Information Labaran Maku, the development of the proposed city would be private sector driven while the site would be provided by the Federal Government through the Federal Capital Territory (FCT), adding that government would not put any money into the project except on the provision of some basic facilities.

President Goodluck Jonathan had said that the government would mark the nation’s 100 years of existence during an official visit to Jamaica, where he attended the Caribbean country’s 178th Anniversary of Emancipation and the 50th anniversary of its independence recently.
 
Nigeria, as a geo-political entity, came into existence following the amalgamation of the Northern and Southern protectorates in 1914 by Britain. Nigeria, therefore, became a nation when the then Governor-General of the country, Lord Frederick Lugard, merged the Southern and Northern Protectorates.

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