Nigeria seeks EOIs for real estate concession

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Nigeria seeks EOIs for real estate concession

The Nigerian Federal Ministry of Tourism, Culture & National Orientation has issued a request for expressions of interest (RFEOI) for the development of the fallow land around the National Theatre in Lagos though a PPP project.

As part of the continuous drive to promote culture and tourism in Nigeria, the Federal Government of Nigeria (FGN) is now revisiting the master plan of the National Theatre, and making necessary arrangements to develop the fallow land into a modern mixed-use commercial and business hub.

The planned development will sit on about 134 hectares of land, out of which the existing National Theatre currently occupies just 10 hectares. The project will be divided in six sections:

  • Section 1: Five (5) Star Hotel
  • Section 2: International Standard Shopping Mall
  • Section 3: Multi-level Car Park
  • Section 4: Land & Water Recreation Parks
  • Section 5: Office Building
  • Section 6: Facility Management

The project will be developed on a design, finance, build, operate and transfer (DFBOT) basis.

The project concept aims to give the National Theatre a vibrant image and increase tourism while allowing concessionaires recoup their investment.

The proposed development aims to offer visitors and tourists a modern, diverse, localized and exciting experience. It is expected to be characterized by modern architecture and design, with a wide range of business and recreational offerings of international standard within a  friendly environment.

Interested parties must submit their proposals on or before 22 December 2014.See RFEOI:http://www.eoi.nationaltheatreng.org/rs/eoi.pdf

Share this news