[OPINION BY CHUKWUEMEKA UWANAKA] Asaba Waterfront City: Obaigbena, Elumelu and Ovia | TheCable
essential to the life of a country”. It is within the context of the above quote by Margaret Mead, on the importance of cities to the sustainability and development of a country like Nigeria, that we can situate the importance of the ‘Asaba Waterfront City’ project. The political outcome of the last general elections in Nigeria, especially in some major cities, highlights the need for more global cities as growth centres in Africa’s most populous country.
The city project is a public-private-partnership venture, between Delta State Government owning 15 percent, Asaba Communities owning 5 percent and Private Investors 80 percent. The project is to be financed through a combination of equity and debt capital, in addition to presales financing. It is expected to become self-funding, a short period after commencement.
Obaigbena, Elumelu and Ovia should work together and leverage their media, finance and human resource networks to provide Africa with a new model city, that demonstrates the ability of Nigerians and Africans to develop cities that are globally competitive, with optimal living standards.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UCL final: Man City suffer major injury doubt ahead Inter Milan clashManchester City defender Kyle Walker was missing in training on Tuesday. Pep Guardiola is now hoping Walker will be fit for this weekend's Champions
Read more »
Man City Named Most Valuable Football Club BrandManchester City has been named as the world’s most valuable football club brand, according to the Brand Finance Football 50 2023 report. This marks the first
Read more »
NFF Sanctions Smart City FC, Gateway United For MisconductIn the disciplinary case between Smart City FC and Gateway United FC regarding their match on April 30th, 2023, the NFF Disciplinary Committee made the
Read more »
UCL final: He opens up defenses – Lukaku warns Inter about Man City starInter Milan striker, Romelu Lukaku, has warned his teammates about the threat posed by Manchester City striker Erling Haaland ahead of both teams’ UEFA
Read more »
Champions League: Guardiola names Inter Milan player as 'one of the best in the world'Manchester City manager, Pep Guardiola has hailed Inter Milan goalkeeper, Andre Onana, as 'one of the best in the world'. City are heavy favourites for
Read more »
EPL: Go where you’ll be main man - Micah Richards tells Chelsea star to leave clubFormer Manchester City defender, Micah Richards has urged Chelsea winger, Christian Pulisic to leave the club this summer. Richards wants Pulisic to join
Read more »