+2347025111113    +2347025111114     New Post

Single Post

 Home / Blog / Single Post

FACTS AND FIGURES ABOUT ABUJA CENTENARY CITY

A MULTI BILLION DOLLARS PROJECT TO CELEBRATE NIGERIA @ 100

 

This a multi billion dollars city project overseen by Centenary City Developers FZE which is a joint venture between Front Range Developers and Centenary City Plc.

 

The project was conceptualized in 2014 as a legacy project to celebrate Nigeria @ 100 under President Goodluck Jonathan Administration.

 

The City is modelled after cities like Dubai and Monaco and construction is scheduled to start this month.

 

Over N1 Billion was paid as compensation for about 1,262 hectares of land on which the city will be built on.

 

The project would create 250,000 direct jobs to Nigerians.

 

The Centenary City would be exempted from both Federal and State Taxes and even the Federal Capital Territory Property Tax.

 

40 Local and Foreign investors will be participating with $18.76 Billion being committed by foreign partners in UAE.

 

The Buhari Tower in the Centenary City will be built to cater for civil servants who will not be able to afford the houses in the city. Apartments in the tower will be sold at N15million.

 

Sales of residential plots started earlier this month at 800sqm/plot for N25.2 Million.

 

Accoring to front Range The city when completed will have:

  • 3,340,000m of integrated golf community.
  • 2,100 villas.
  • 360 luxury villas.
  • 170 apartment buildings.
  • 6 office buildings.
  • 400 bed Ultra Modern Hospital.
  • 10 waterfront retail areas.
  • 5 major retail centres and more.

 

The city will be a centre for tourism, history and a world class business hub.