Firm to invest $15m on Abuja cruise project 

Hudu Yakubu, Abuja

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In a bid to revamp Jabi Lake in Abuja for multifaceted recreational activities and boost tourism, a private firm in Nigeria’s Federal Capital Territory Administration, FCTA, Adcelerate limited said it has concluded plan to invest over fifteen millions dollars ($15m) in the first luxurious platform for an inland lake.

The Chief Executive Officer of the company, Maxwel Omar Gabari, who stated this while briefing Journalists said the project when completed would generate  over one hundred and seventy (170) direct and over ten thousand (10000) indirect jobs in the value chain.

He said the luxury Yatch, when completed, would also boost the Internally Generated Revenue for the FCT through taxes.

While decrying the dwindling fish population in the lake, Gabari said the firm is looking to introduce more fish species into the lake in order to encourage fishing and other aqua-business around the lake.

Commenting on the lingering lawsuit that has hampered the developments around the Jabi Lake area, the CEO said ” the lawsuit doesn’t affects the Lake, because it’s nobody’s Lake, it only affects the Jabi Lake Garden and Park, which from our investigation  four people are claiming ownership of the place.

“But we cannot leave the the entire huge space abadoned, so I think the FCT Minister needs to take a firm resolve to maintain the place, because it’s a beautiful place that is left underdeveloped. So we knew about the issues, that’s why we are not doing Jabi Garden, we are actually on the Lake,”

“As a private company we want to maximize the value of the Lake for their benefit and other residents in the Territory.

In furtherance to our overall lake management we will also undertake the process of Fish Stocking to repopulate the lake thereby improving aquatic life. The process will be carried out after the initial dredging depending on the findings of our team in charge of the process. Adequate measure will be taken to ensure that the process is done in line with best practice. As with every other aspect we will collaborate with your organisation making sure the process succeeds.

Stocking fish provides a variety of benefits to society. Fishing is a popular pastime and provides economic gains as well. In many countries fishing license is a big revenue earner for government and private lake owners. In 2018 the United States made $720 million from 30 million fishing licence alone. Adding fish to public lakes makes fishing more fun, fishing also provides people the opportunity to enjoy nature in solitude and escape from their busy lives. It is a form of exercise and a great way to bond with friends and family.  Our objective is to boost the aquatic life in the lake and open its attendant benefits to the general public including our prospective clients”, Gabari explained.

Mr Gabari noted that the firm would also offer Intellectual Property and Management Services that are needed to start, conduct and conclude projects across complex requirements.

According to him, “we have satisfied Local and International clients, which includes and not limited to Unity Bank, Palladium Group, CBN, UNIDO, ISMPH, Bronz & Onyx, PTDF, Ipas Nigeria, RMRDC, Oklaprod – Switzerland, NIMC and Fortune Engineering – Kingdom of Bahrain”.

The CEO also revealed that their approach to doing business is from a Passion Driven Cost Effective Customer Service delivery perspective with emphasis for Quality at all times with due consideration to Creativity and Professionalism while maximizing profit.

He noted that the project was conceived with the sole aim of complementing the existing developments within the Federal Capital Territory, to provide additional source for recreational activities for its residence and fun seekers from other states and the world at large, to boost tourism and add to the aesthetics of the vibrant city and ultimately create jobs amongst many.

He said the project would contribute its quota to the already existing and ongoing developments in the capital city thereby increasing and Improving Tourist activities on the Lake.

Peace PIAK