{"id":61463,"date":"2025-02-18T09:48:59","date_gmt":"2025-02-18T09:48:59","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=61463"},"modified":"2025-02-18T09:48:59","modified_gmt":"2025-02-18T09:48:59","slug":"fg-seeks-investors-for-18-5-billion-abuja-centenary-city-project","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/02\/18\/fg-seeks-investors-for-18-5-billion-abuja-centenary-city-project\/","title":{"rendered":"FG Seeks Investors for $18.5 Billion Abuja Centenary City Project"},"content":{"rendered":"<p><strong>By Emmanuel Ogbodo<\/strong><\/p>\n<p>The Federal Government has renewed its call for investment in the $18.5 billion Centenary City project in Abuja, aiming to revive the stalled initiative in line with President Bola Tinubu\u2019s Renewed Hope City agenda.<\/p>\n<p>Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, made the appeal on Monday during a meeting with a delegation from Centenary City Plc, led by Vice Chairman and former Secretary to the Government of the Federation, Senator Pius Anyim.<\/p>\n<p>Originally launched in 2014 during former President Goodluck Jonathan\u2019s administration as a legacy project to celebrate Nigeria\u2019s centenary, the smart city project has faced significant delays.<\/p>\n<p>A Senate ad-hoc committee was established in 2024 to investigate the challenges hindering its progress.<\/p>\n<p>Dangiwa emphasized that the project aligns with President Tinubu\u2019s vision of creating inclusive cities offering diverse living options, sports facilities, and medical tourism opportunities.<\/p>\n<p>He highlighted the importance of Public-Private Partnerships (PPPs) in addressing Nigeria\u2019s housing deficit and generating employment.<\/p>\n<p>The Ministry has already received expressions of interest from potential investors and plans to invite more stakeholders to explore opportunities within the project.<\/p>\n<p>Dangiwa also directed the Ministry\u2019s PPP department to collaborate with Centenary City Plc and the Infrastructure Concession Regulatory Commission to facilitate partnerships and secure funding.<\/p>\n<p>Senator Anyim called on the Ministry to support the project\u2019s revival and help secure funding to enable cooperative societies and individuals to own homes in the new city.<\/p>\n<p>This renewed investment drive underscores the government\u2019s commitment to revitalizing the Centenary City project as a catalyst for economic growth and urban development in Nigeria.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Emmanuel Ogbodo The Federal Government has renewed its call for investment in the $18.5 billion Centenary City project in Abuja, aiming to revive the stalled initiative in line with President Bola Tinubu\u2019s Renewed Hope City agenda. Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, made the appeal on Monday during a meeting [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":61464,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[59],"class_list":["post-61463","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-featured"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/61463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=61463"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/61463\/revisions"}],"predecessor-version":[{"id":61465,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/61463\/revisions\/61465"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/61464"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=61463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=61463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=61463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}