An ad-hoc committee comprising seven members has been established by the Senate to look into the reasons for the prolonged delay in the completion of the $18.5 billion Abuja Centenary Economic City project, a decade after its initiation. The decision to form this committee came after a motion was put forward by Senator Ashiru Yisa, the Deputy Senate Leader, under the title, ‘Urgent need to revive and complete the stalled Centenary City Project, to realize its economic and development potential’.
In his primary argument, Yisa emphasized the significance of the Abuja Centenary Economic City project, which was launched in 2014 as a public-private partnership aimed at constructing a modern city comparable to Dubai, in honor of Nigeria’s centennial amalgamation.
The committee has been given the responsibility of examining the original public-private partnership agreement and proposing any necessary modifications to ensure a swift and efficient completion of the project within a specified timeframe.
In addition, the Senate has called upon the Federal Government to give priority to the revival of the Centenary City project by extending appropriate assistance, resolving regulatory challenges, and addressing any other obstacles that have hindered its progress for a decade. The project is believed to hold significant economic promise for Nigeria and its people.