Comprehensive Renovation and Renaming
The conference centre, originally constructed in 1991, underwent a thorough renovation costing ₦39 billion. Minister Wike emphasized that the refurbishment was extensive, with only the structural block work remaining untouched. The renovation aimed to restore the facility to international standards, reflecting Nigeria's status as the "Giant of Africa."
Mandate for Paid Usage
President Bola Ahmed Tinubu, during the commissioning of the renovated centre, directed that all Ministries, Departments, and Agencies (MDAs) must pay for the use of the facility. This directive is part of a broader strategy to ensure the centre's upkeep and long-term sustainability. [3]
Revenue Management and Oversight
To maintain transparency and accountability, a dedicated account has been established for all payments related to the use of the conference centre. Minister Wike stated that the era of free usage by government officials has ended, emphasizing the importance of proper maintenance and the need to prevent political patronage from affecting the facility's operations.
Implications for FCT's Economic Growth
The surge in revenue from the conference centre is indicative of the FCT Administration's commitment to enhancing internal revenue generation. Minister Wike has previously reported an increase in the FCT's monthly revenue from ₦9 billion to ₦25 billion within 19 months, attributing this growth to aggressive revenue drives and improved infrastructure.
The successful renovation and subsequent revenue increase of the Bola Ahmed Tinubu International Conference Centre underscore the potential benefits of strategic infrastructure investments and effective management. As the FCT continues to implement reforms aimed at boosting economic growth, the conference centre serves as a model for sustainable development and fiscal responsibility.
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