Africa-Press – Nigeria. <\/strong><\/span>The Federal Capital Territory Administration, FCTA, has signed a Memorandum of Understanding with MAG International Links Ltd, a private investor, for the development of City Walk Abuja.<\/p>\nSpeaking during the ceremony in Abuja on Wednesday, the FCT Minister, Nyesom Wike, said that the project would be a replica of City Walk Dubai.<\/p>\n
The project, which would cover about 200 hectares, was inspired by the City Walk concept in Dubai. It will bring together a thoughtfully curated mix of residential, commercial, retail, hospitality, institutional and healthcare facilities.<\/p>\n
Wike said that the MoU was to ensure the company delivers the project based on agreed work plans and timelines.<\/p>\n
\u201cI wish to say that the company has submitted their drawings, which have been approved, and their Certificate of Occupancy, C-of-O, is ready.<\/p>\n
\u201cBut we have to sign an agreement such that if you don\u2019t comply within the outlined specification and agreed timeline, then we have the right to revoke the land.<\/p>\n
\u201cWe are not going to just give you a C-of-O and then nothing happens. We will not accept that again,\u201d he said.<\/p>\n
He pointed out that many people had collected land for mass housing and other developments \u201cbut ended up as land speculators, selling the land. We will not accept that.<\/p>\n
\u201cPeople have collected 200 hectares, 300 hectares and in 20 years nothing has happened. We have changed that pattern, so we are going to monitor the developments strictly,\u201d he said.<\/p>\n
He said that Abuja City Walk would be developed in the area earlier designated for Abuja Technology Village, located along Airport Road, which had remained undeveloped for the past 20 years.<\/p>\n
\u201cI want to make it clear that we have had problems with land grabbers in Abuja Technology Village, even those in the technology village are part of the problems.<\/p>\n
\u201cIn the past 20 years, nothing has happened in the area and therefore, I would not like to lose this opportunity that we have seen investors who really want to invest and develop the land for the good of the city.<\/p>\n
\u201cIf anybody has gone to Dubai and has seen the City Walk, there is no way you will not appreciate and encourage investors that are willing to do the same in Abuja.<\/p>\n
\u201cThis is because the whole essence of the \u2018Renewed Hope Agenda\u2019 is not only to bring investors, but also to create employment for our people,\u201d he said.<\/p>\n
The minister said that the project would be developed in phases, with foundation laying expected to take place between July and August. He added that the first phase of the project would be completed and delivered in May 2026, to celebrate President Bola Tinubu\u2019s third year in office.<\/p>\n
Describing the project as crucial to the development of Abuja, Wike assured the investor of full support, as directed by Tinubu, to encourage investors to invest in the FCT for national development.<\/p>\n
He said that the FCT would provide access roads to enable the investor to begin work on the site immediately.<\/p>\n
\u201cThe Executive Secretary, Federal Capital Development Authority is doing his best to see that there is no delay in this project.<\/p>\n
\u201cWe have made sure that legally nothing will hinder the company from executing the project.<\/p>\n
\u201cTo encourage them, Director Development Control is here to make sure that nobody obstructs them and the Director of Land is here to make sure they have access to their land,\u201d he added.<\/p>\n
The Executive Director of the company, Dr Kassim Gidado, noted the ongoing transformation in the FCT, which he said had increased investors\u2019 confidence to make returns on investment.<\/p>\n
Gidado assured the minister that the City Walk Abuja would not replicate the one in Dubai but edge it.<\/p>\n
According to him, the project would be built to suit local cultural and traditional flavour and transform the Lugbe axis completely.<\/p>\n
\u201cThis development represents a bold new direction for real estate in Nigeria, blending elegance, sustainability, and economic value to create a truly world-class destination.<\/p>\n
\u201cThe City Walk Abuja, a landmark master-plan will redefine urban experience in the FCT,\u201d he said.<\/p>\n
Source: Daily Post Nigeria<\/b><\/p>\n
For More News And Analysis About Nigeria<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"By Seun Opejobi Africa-Press – Nigeria. The Federal Capital Territory Administration, FCTA, has signed a Memorandum of Understanding with MAG International Links Ltd, a private investor, for the development of City Walk Abuja. Speaking during the ceremony in Abuja on Wednesday, the FCT Minister, Nyesom Wike, said that the project would be a replica of […]<\/p>\n","protected":false},"author":84,"featured_media":170961,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,1437],"tags":[347,2993,1254,254],"class_list":["post-170962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","tag-abuja","tag-dubai","tag-fcta","tag-nigeria"],"yoast_head":"\n
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