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THE REGIONAL VIEW: ABUJA


THE ABUJA CENTENARY CITY PROJECT


NIGERIA’S FIRST SMART CITY IS ALSO THE LARGEST PRIVATE CITY DEVELOPMENT IN AFRICA, SAYS JUDITH BAKER


T


he Abuja Centenary City is a private sector driven “Smart City’’ project designed to be one of the enduring legacies of the Nigeria Centenary celebration in the Federal


Capital Territory, Abuja. Te project which will take about 10-15 years to complete is expected to cost $18.5 billion (N2.4tr) and is to be built from scratch on more than 1,000 hectares of virgin land in Abuja, making it the second largest “private city’’ development in history after Songdo International Business District in South Korea. Conceived to focus the attention of the investing


world on Nigeria in a way that has never been done before, the project is funded and driven by the private sector and will provide residential,


40 EXPERTVIEW SPRING 2015


commercial, recreational and other amenities for purchase and use by the public. Te Abuja Centenary City is located on the Abuja-Airport highway and a new express railway will link the Airport, Abuja Centenary City and Abuja. Centenary City Plc. has been incorporated as a Special Purpose Vehicle to develop, promote, and manage the Centenary City. Te land for the Centenary City has been acquired


in accordance with the FCT (Federal Capital Territory) Land Swap Agreement. Te Centenary City is being designed as a contemporary efficient “mixed-use’’ city with emphasis on modernity and Nigeria’s unique cultural heritage. Te aim is to synchronise the demands of today’s society


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