Centenarycity news

Centenary City is a proposed megacity project in Nigeria, aimed at creating a new city that will serve as a hub for innovation, entrepreneurship, and economic growth. Here are some recent news updates about Centenary City:

1. Groundbreaking ceremony held: In June 2022, a groundbreaking ceremony was held to mark the start of construction work on the Centenary City project. The ceremony was attended by Nigerian President Muhammadu Buhari and other dignitaries.
2. Infrastructure development: The project involves the development of modern infrastructure, including roads, bridges, and utilities. The city will also have a state-of-the-art transportation system, including a monorail and a bus rapid transit system.
3. Residential and commercial areas: The city will have a mix of residential and commercial areas, with a focus on providing affordable housing options for low- and middle-income individuals. The commercial areas will be designed to attract businesses and entrepreneurs.
4. Innovation and entrepreneurship hub: Centenary City is being designed as an innovation and entrepreneurship hub, with a focus on creating a conducive environment for startups and small businesses to thrive.
5. Partnership with international organizations: The project has partnered with international organizations, including the World Bank and the African Development Bank, to provide funding and technical assistance.
6. Job creation: The project is expected to create thousands of jobs during the construction phase and thousands more once the city is operational.
7. Environmental sustainability: The city is being designed with environmental sustainability in mind, with features such as green spaces, renewable energy, and waste management systems.
8. Phase 1 completion: The first phase of the project, which includes the development of the city's infrastructure and the construction of the first residential and commercial buildings, is expected to be completed by 2025.
9. Phase 2 expansion: The second phase of the project, which will involve the expansion of the city's infrastructure and the development of new residential and commercial areas, is expected to be completed by 2030.
10. Potential for economic growth: The Centenary City project has the potential to drive economic growth in Nigeria, by creating new opportunities for businesses and entrepreneurs, and by providing a hub for innovation and entrepreneurship.

These are just a few of the recent news updates about Centenary City. The project is expected to be a game-changer for Nigeria's economy and a symbol of the country's commitment to innovation and entrepreneurship.