A firm, Pinnacle Fall Resort Abuja (PFRA), in collaboration with some government ministries is set to develop a $30 billion mega integrated city that will be a destination with the world largest artificial lagoon that will attract over 40 million tourists to Nigeria.

The city which is planned to be completed in five years will be an economic centre, enhance Medical Tourism, Sports, Leisure, Entertainment Hub, and an Eco City making it the world’s largest Eco-friendly city in the African Continent.

Speaking at a pre-launch press conference in Abuja, the President and Chief Executive Office, Pinnacle Fall Resort Abuja, Chief Elvis Patrick Ogar Abang, said the Iconic Integrated Mega “City Resort” will be one of the best in the world as it would feature the world’s largest and tallest sports leisure and entertainment city on the Africa Continent, the largest man-made- lagoon in the world, Natural Wildlife Reserve on over 1000 hectares, Africa Heritage Film Village, Olympic Stadium/Village.

According to him, it would also labour water parks, Presidential Retreat Camp/Library, Man-Made-Water Fall, Helipad, Cable Car Transit Network, Seven Star Hotel, Free Trade Shopping Mall, Luxurious Castles/Villas, Luxurious Condos/Corporate offices,

“African Heritage Museum and Arts Center, Performing Art Theater, Signature PGA Golf Estate, Formula- 1 Car Racing/MotorGP, Grand Slam Tennis Tour, International Conference Center, Sport City, Eco-City, Medical City, Education City, Entertainment City, NASA Science and Space Resort, and Ski Snow Dome world largest indoor ski slopes ever built.

“The concept of this project is to build a global and integrated modern entertainment city in the Federal Capital Territory, that will radically change the African Regional map of Economic, Medical Tourism, Sustainable Residential, Sports, Leisure and Entertainment policy,” he said.

He stated further that the company would be working with Federal Ministries of Sports, Youth, Health, Tourism and Federal Capital Administration on this. Adding that the city will accommodate three million Nigerians.

On financing, the Director of Finance and Management, Nigeria, Prof. Uyi Akhabua, said the financing would be 40% local investors and 60% international.

He said the company is not relaying on the government for fund but that the fund for the project is available already and that this has been insured by the Multilateral Investment Guarantee Agency (MIGA).

“We have the money already and it is insured, therefore all investors’ money are safe and secured. There should be no fear of any kind about investment in the project. We are well prepared for it,” he said.

On the legal aspect, the company’s Attorney, Bar. Jinyeharimiema Eli Abibo, said all legal concerns are being handled with all concern, assuring that no legal issue would put investment in the city at risk.

The Minister of Sports Development, Senator John Owan Eron, who was represented by `…. Said the project comes at no better time than now that the Government is encouraging Public-private partnerships in developing critical infrastructure like sports facilities.

“As it is enshrined in our National Sports industry Policy (NSIP). The Federal Ministry of Sports Development’s doors are open to woula-be investors in sports infrastructures. We hope it will be a legacy that will stand the test of time for generations.”