On Tuesday, May 7, the Senate established a seven-member ad hoc committee to study the causes preventing the completion of the $18.5 billion Abuja Centenary Economic City project ten years after its inception.
The red chamber tasked the committee with reviewing the original public private partnership agreement and, if required, recommending revisions to assist the smooth and expeditious completion of the project within a stipulated timeline.
The Senate also urged the federal government to prioritise the revival of the Centenary City project by providing appropriate support, resolving regulatory issues and addressing any other impediments, given its beneficial potential to the economy and people of Nigeria after 10 years of stalled progress.\
The resolutions of the senate followed its consideration of a motion titled: “Urgent need to revive and complete the stalled Centenary City Project, to realise its economic and development potential” during plenary.
The motion was sponsored by the Deputy Senate Leader, Senator Ashiru Yisa (APC – Kwara South).
Yisa in his lead debate, urged colleagues to note that the Abuja Centenary Economic City project commenced in 2014 through a public private partnership to develop a modern city in the mood of Dubai to commemorate 100 years of Nigeria’s amalgamation celebration.
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(Nation)
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