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Abuja to spend N334bn on Jabi Lake Resort project

05 June 2014, 09:42

Abuja -The Abuja administration (FCTA) in partnership with private investors had commenced the development of an Ultra-Modern Jabi Lake Resort, Phase ll, estimated to cost N334 billion.

The FCT Minister, Bala Mohammed, made this known while receiving the executive members of Nigerian Young Professionals Forum on Wednesday in Abuja.

Mohammed said that the resort when completed would promote tourism in FCT and also generate revenue to augment budgetary allocation from the federation account.

"The Federal Government has invested a lot on the development of the FCT.The time has come for the FCTA to create institutions and structures in terms of legal framework to encourage private investors in developing the city," he said.

 According to him, the crop of leadership in FCTA is determined to set standards and benchmark for the betterment of FCT residents without necessarily recourse to government funding.

" FCTA has received marching order from President Goodluck Jonathan to build human capital and institution as well as partnership in accordance with the global best practice," he said.

The minister urged the forum to use its contacts across the globe to woo investors to come and invest in Abuja.


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