The Presidency Friday in Abuja welcomed an assurance from Centenary City PLC
that all the original inhabitants of the site have been fully compensated. Speaking
after being briefed by the Chairman of the company's board of directors,
General Abdulsalami Abubakar and members of its management team, President
Buhari praised the Centenary City's main development partners from the United
Arab Emirates for having enough confidence in Nigeria to agree to invest about
$18.5 billion in the project.
President Buhari also welcomed the assertion by Gen.
Abubakar and his team that the project will create about 250,000 more direct
jobs in the Federal Capital Territory and about half a million indirect jobs.
The President noted that skills, expertise and vast
experience that will be brought into country to build the Centenary City on the
Dubai model, will also be of immense benefit to Nigeria's overall development.
He said that he looked forward to regular updates on the
Centenary City's development.
Vice President Yemi Osibanjo who was also present at the
briefing, said that the issue of the rights of the original inhabitants of the
site acquired for the Centenary City had been of concern to the present
Administration.
"We are glad that it is being handled," he said
while welcoming the assurance that compensation had been paid to those who will
be displaced by the project and that the issue of their relocation was being
addressed.
Gen. Abubakar and the management of the Centenary City also
told President Buhari and Vice President Osinbajo that the project will be
totally private sector driven.
Garba Shehu
SSA to the President
(Media & Publicity)
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