Nigeria seeks $400 million private investment to complete millennium tower

The Federal Government has called on interested investors in the private sector to invest about $400 million required to complete the Millennium Tower and Cultural Centre in Abuja.

The tower is a multifunctional edifice with facilities for cultural exposition, tourism, socialisation, recreation, hospitality and commercial activities.

Conceived in 2005, the project which has reached 40 per cent completion, is expected to upon completion, self-finance itself through the revenues generated from the running of all the commercial activities in the complex.

The Ministers of Information and Culture, Lai Mohammed and Federal Capital Territory, Mohammed Bello, inspected the project located in the heart of Abuja on Thursday.

Speaking after a tour of the complex and the tower – the tallest artificial structure in Abuja – Mr Mohammed said they were there to showcase the project for private sector collaboration and investment.

He said all that was needed to complete the project was $400 million and it would be sourced from the private sector.

Millennium tower Abuja

“This is the only part of the world where every infrastructure is built by government.

“In other parts of the world where you have this kind of project, it is done in collaboration with the government and the private sector.

“As a matter of fact, government is just to be an enabler

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“My appeal, therefore, is to the private sector , particularly lovers of arts and recreation to join hands with the…

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