Minister of the Federal Capital Territory (FCT), Nyesom Wike, has defended the N39 billion expended on the renovation of the Bola Ahmed Tinubu International Conference Centre in Abuja, insisting that the investment is already yielding significant returns.
Speaking during a media chat in Abuja, Wike dismissed criticisms surrounding the cost of the project, stating that the sharp increase in revenue from the facility validates the expenditure.
According to him, “Within three weeks of unveiling, the Centre has generated N650 million for the Administration, as opposed to the N50 million that the Administration used to receive annually from the facility before the massive rehabilitation.”
He maintained that the economic value being derived from the upgraded edifice renders the backlash unjustified.
Details later…
