Sen. Anyim Pius Anyim, the Secretary to the Government of the Federation (SGF), told prospective investors that their investment in the Centenary City Project should be worth up to $100 million dollars.<\/p>\n
Anyim said at a meeting on Friday in Abuja with the prospective investors in the city project, that for them to be part of the promoters they should be able to have investment project that would be worth 100 million dollars.<\/p>\n
He said there had been a little confusion about the 100 million dollars investment capital, as some misinterpreted it to mean that they were expected to put down 100 million dollars.<\/p>\n
“We are saying that your investment in the city should be up to 100 million dollars and that is different from the capital call.<\/p>\n
“The capital call will be the initial capital we will call up which will be used to run the preliminaries as the city undergoes development.<\/p>\n
“So we will consider what the range of the capital call will be so that every person will decide how much he can take on,\u2019\u2019 he said.<\/p>\n
Anyim said that government envisaged a city that would be comparable to top business hubs in the world and assured the investors of good returns on their investment.<\/p>\n
He said the meeting marked the beginning of government\u2019s withdrawal from the centenary project clearing the way for decisions to be taken solely by the private sector investors themselves.<\/p>\n
“We expect that the project will conform with international standards because we envisage that the stocks of the city will be quoted in the Nigerian Stock Exchange as well as other international markets before the end of 2013,\u2019\u2019 he added. (NAN)<\/p>\n","protected":false},"excerpt":{"rendered":"
Sen. Anyim Pius Anyim, the Secretary to the Government of the Federation (SGF), told prospective investors that their investment in the Centenary City Project should be worth up to $100…<\/p>\n","protected":false},"author":1,"featured_media":10301,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-10298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\n