…Says early subscribers already enjoy 300% RoI

Emma Ujah, Abuja Bureau Chief

The management of the Centenary City Plc, today showcased the rapid development of the city to both the local and international investing community.

Addressing stakeholders on one of the roads in the new city today, the Managing Director of the city, Dr. Michael Odenigwe Jr. said that the infrastructure work was progressing with many buildings having been completed.

He said that developing the Centenary City was imperative as Abuja, the nation’s political seat of power, was already over-stretched, with the population having already exceeded its designed capacity.

The MD said that the original concept of Abuja was to build a city that would accommodate about 3 million people but that it was not overwhelmed with between 7 million to 8 million people.

He said Centenary City Primary Infrastructure works had been progressing above with the support of Julius Berger and host the community.

According to the Dr. Odenigwe, “In a landmark move for Abuja’s rising profile, on 15th of August 2025, Centenary City management officially engaged Messers Julius Berger Nigeria Plc (Julius Berger) for the provision of primary infrastructure to the Centenary City (Lot 1 which is the Plot Access Road of 4.3 km) and Messers Dar Al-Handasah Consultants (DAR) to execute the Detailed Engineering Design of the entire project.

“Today’s program is to showcase the dramatic progress in this long-awaited amazing project with the first road project and the support we are receiving from the communities who have supported us all these years.

“We also want Nigerians to see this project through the eyes of the people bringing it to life. As you all know, Centenary City is conceptualized as the foremost Abuja Urban Renewable Project.”

The MD said “Centenary City was not just a futuristic, sustainability-focused, and pedestrian-centric master planned City— “it is the work of thousands of Nigerians building a new economic future.

“Every road we pave, every foundation we set, and every job we create is a step toward a livable, safe, modern community for families, professionals, and businesses.

“Centenary City presents a great opportunity to create value and raise Abuja’s profile – to encourage international investment in Abuja. The project is designed to work in harmony with nature.

“The city is conceptualized as a truly multifunctional development that offers a complete cosmopolitan lifestyle to its residents, as well as serves as a tourism hub for the wider community.”

The MD disclosed that his company has already built 100 units of 4-bedroom duplexes in the city and that early subscribers were already enjoying 300 percent return on investment.

“We have built close to 100 units of a 235 unit 4-bedroom Townhouse development all of which have been subscribed by individuals. We have a backlog at this time.

“Public response has been very good with almost 300% return for early subscribers,” the MD disclosed.

He acknowledged what he described as, “the visionary leadership of Barr. Nyesom Wike, the Minister of FCT who in his wisdom has encouraged masterly and sustainable development in FCT.”

Dr. Odenigwe noted that the project experienced some delays owing to political bottlenecks but that the current minister cleared the hurdles within a few months and greatly encouraged the management to progress with development.

He also acknowledged the support of Toge community, on whose original land the project has taking off, under the guidance of the Chief of Jiwa, HRM, Dr. Idris Musa.

The representative of Julius Berger plc, contractors handling the infrastructure, Engr. Johnny Kouchan, said that his company was delivering the roads in line with the highest standards.

He also assured that the company would complete the first phase of the project before the April 2027 deadline.

The representative of the community, Ishaya Ayuba, commended the management of the Centenary City for providing scholarships for some of the youths of the community and urged continuity of the scheme.

He also appealed for the provision of water boreholes, in order to provide clean drinking water for members of the community.