It is seeking a revival of the lofty project under the 10th Assembly.
The Senate has therefore set up an ad-hoc committee to be chaired by the Deputy Senate President, Senator Barau Jibrin.
The sponsor of the bill, Senator Yisa Oyelola representing Kwara South, noted that the original estimated investment for the Abuja Centenary Economic City project in 2014 pegged at eighteen point five billion dollars, was designated as a free trade zone under the regulatory oversight of the Nigerian Export Processing Zones Authority (NEPZA).
Other lawmakers, however, expressed the belief that the project can only be resuscitated through a PPP arrangement, obliterating the idea that the Federal Government would inject funds into it.
The Senate therefore mandated the Committee on Federal Capital Territory, to urgently investigate the factors impeding the completion of the project.
Leave feedback about this