Home Business JABI LAKE RESORT PROJECT COST N334bn BALA

JABI LAKE RESORT PROJECT COST N334bn BALA

37
0

ABUJA – The FCT Administration (FCTA) in partnership with private investors had commenced the development of an Ultra-Modern Jabi Lake Resort, Phase ll, estimated to cost N334 billion.

The FCT Minister, Sen. Bala Mohammed, made this known while receiving the executive members of Nigerian Young Professionals Forum on Wednesday in Abuja.

Mohammed said that the resort when completed would promote tourism in FCT and also generate revenue to augment budgetary allocation from the federation account.

“The Federal Government has invested a lot on the development of the FCT.

“The time has come for the FCTA to create institutions and structures in terms of legal framework to encourage private investors in developing the city,” he said.

According to him, the crop of leadership in FCTA is determined to set standards and benchmark for the betterment of FCT residents without necessarily recourse to government funding.

“ FCTA has received marching order from President Goodluck Jonathan to build human capital and institution as well as partnership in accordance with the global best practice,” he said.

The minister urged the forum to use its contacts across the globe to woo investors to come and invest in Abuja.

He said that FCTA had given more priority to the ongoing construction of the Abuja Millennium Tower at the Central Business District which had reached an appreciable stage of completion.

“ Federal Government is presently considering collaboration and partnership with competent private investors to complete the multi billion naira landmark project,” Mohammed said.

Speaking earlier, the Chairman of the forum, Mr Moses Siasia, said that the forum had been yearning for positive change and called for partnership with the FCTA.

Siasia said that the partnership would enable the forum bring about the much needed development into the country. (NAN

Loading...
Previous articleConfab Rejects Review Of Minimum Wage To N40,000
Next articleFG approves N40bn loan for Lagos State Govt

Leave a Reply