The Federal Capital Territory Administration (FCTA) is renovating the Abuja International Conference Centre (AICC) at a cost of ₦39 billion. The project aims to modernize the facility, attract global events, and boost Nigeria’s economy. However, concerns exist about the financial priority, potential mismanagement, and alternative ways the money could be spent.
Key Details:
Original Cost: The AICC was built in 1991 at around $29.6 million (₦240 million at that time).
Renovation Progress: As of March 2025, the project is 70–80% complete and is expected to be ready by May 2025.
Economic Potential:
- International conference centers worldwide generate between $10 million to $500 million+ yearly, depending on location and event frequency.
- If well-managed, the AICC could generate ₦ 2billion–₦10 billion yearly from events, tourism and business activities.
Public Scrutiny: Critics argue the amount is too high, with opposition parties calling for an investigation into the budget.
What’s Your Opinion?
1️ Support the Renovation
Restores national prestige and attracts international events.
Boosts tourism, business, and economic growth.
Could generate significant yearly revenue for Nigeria.
2️ Oppose the Renovation
The cost is too high—funds should be used for healthcare, education, or infrastructure.
Concerns over mismanagement and lack of transparency.
The facility was not in dire need of such an expensive upgrade.
