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Business News of Wednesday, 30 August 2023


Abuja Millennium Tower to be completed in two years - Wike

Minister of FCT, Nyesom Wike Minister of FCT, Nyesom Wike

Minister of the Federal Capital Territory, Barrister Nyesom Wike has assured that the Millennium Tower project will be delivered in the next two years.
Wike stated this after a closed-door meeting with contractors handling different projects in the FCT.

The Millennium Tower at Central Area, Abuja, is a multifunctional edifice with facilities for cultural exposition, tourism, socialisation, recreation, hospitality and commercial activities.
The project is being handled by Salini Construction Nigeria Limited but, it has been abandoned due to lack of funds.

Wike said the project is a very important project that would change the landscape of Abuja city.

“It is a very very ambitious project, but again if we are talking of Abuja being one of the best cities in the world, then we must have such a facility.

“I can tell you it is not easy to go into that project, but we have decided that whatever it takes, it is going to be one of the legacy projects for President Bola Tinubu.

“In fact, we are looking at the next two years, if the way we are going to structure our payment is agreeable with the contractor,” Wike said.

It was gathered that the project, conceived in 2005 had reached 40 per cent completion, and is expected to, upon completion, self-finance itself from revenues generated from all the commercial activities in the complex.

The scope of the project comprises a cultural centre with four museums, an expansive arcade consisting of 40,000m2 platform for hosting national and other events.

It also consists of a five-star hotel with 55 luxury rooms and nine suites for about 130 persons, offices, passive and active recreational facilities, 1200 capacity auditorium, conference rooms.

Others are exhibition halls, shops, a sport centre with an indoor pool, gyms, fitness, squash courts and a two-level 1,200 capacity basement car park.

The millennium tower itself is a 170-meter-tall structure accommodating a revolving panoramic restaurant for more than 130 diners.

The minister added that a careful analysis of all the awarded contracts with the contractors and his team have revealed that most of the projects were abandoned due to lack of funds.

“The Minister of State, myself, the permanent secretary, and directors have concluded that it is not possible to carry on with the entire projects in the FCT.

“Therefore, we agreed to take them in order of priority. We have tried to work out most of the projects being handled by Julius Berger and agreed to see that these projects are fully completed,” he said.

Wike added that the Villa Roundabout being handled by China Geo-engineering Corporation (CGC) Nigeria Limited, would be completed in the next six to eight months.

He equally said that the ministry would ensure the completion of the projects being handled by Cetraco Nigeria Ltd, and also put a facelift on Garki, Wuse and part of Maitama in the next one week.

He said that the contractors would be mobilised immediately, adding that Asokoro would equally have a facelift in no distant time.

On the Abuja light rail rehabilitation project, the minister said an agreement has been concluded with CCECC Nigeria Limited to give them their money in the next two days so they can go back to work.

“We are also discussing with the company on the operation cost, because it will not be good to rehabilitate and then you cannot operate.

“We have told them that on Thursday, we are going to meet to talk about the operation cost,” he said.

Wike pointed out that part of the problems of the projects was because they were not being funded by the national budget.

He said in view of the funding challenge, the ministry would pick some projects that could be completed within a specific period and then decide on what to do again in the following year.