ACCI Earmarks $250million For Construction Of New Trade Fair Centre


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The Abuja Chamber of Commerce and Industry (ACCI) says it is planning to build a convention trade fair centre at the cost of 250 million dollars.

The chamber’s 1st Deputy President, Mr Kayode Adetokunbo, said this in Abuja on Tuesday at the Business meeting between the chamber’s leadership and the Investment Association of China.

Adetokunbo, who said the chamber owned 27 hectares of land in its Abuja premises, said it was working to partner with more investors to build the centre.

He said an investor was building the biggest shopping mall on seven hectares of land in Abuja.

“What we are looking here is that it will not be less than 250 million dollars but it will actually be more; it depends on partners we have and how much fund they have.

“Because you can build a hotel of 100 rooms and 500 rooms. We are expecting about three hotels there.

“It could be five-star, three-star so that different level of people will be able to go in there.

“The most important thing is that we are building convention trade fair centre that does not exists anywhere in Nigeria today,’’ he said.

Adetokunbo said the two existing trade fair centres in Kaduna and Abuja were analogue not digital.

“We are talking of digital convention centre, which will attract international convention’’

The chamber official said the centre was designed to have Entertainment Park and Nigeria-China Expo City.

He, however, told the delegation from the Investment Association of China led by Mrs Pansy Liu, that the chamber would provide the association with relevant information to have a better understanding of the centre.

Mr Emeka Ofor, the Director, Investment facilitation and Investment Administration of the Nigerian Investment Promotion Commission, said the commission was saddled with the responsibility of promoting and attracting investments into the country.

Ofor said the commission always ensured that the investments were secured in the country.

Responding, Liu expressed the association’s readiness to partner with the chamber to invest in the centre and boost businesses in Nigeria. (NAN)

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