Why Abuja $2.5 Billion Skyscraper was Abandoned (Millennium Tower Abuja)
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- čas přidán 10. 03. 2022
- The Millennium Tower Abuja is the tallest building in Abuja. standing at 170 meters.
The project which started in 2005 was supposed to cost 69.3 billion nairas, but it is yet to be completed despite the huge amount of money that has been spent.
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Nigeria is not a serious country. As I said on another video, Abuja is still lacking the uniqueness of a country capital after being the capital for 30 years of one of the biggest oil producing nations. The only effort is put into the sprawling estates where the rich go and barricade themselves. The seriousness of a nation cannot be determined by how many estates are built for the rich (which are mostly vacant!) rather it’s about how the nation looks after ALL its citizens from ALL walks of life. Anything that can benefit Nigerians from all walks of life is given little effort and usually abandoned.
What do you expect from a place where thousands of people earning money blackmailing fools with dickpicks?
You mean "...Not a serious government".
@@so9487one could argue that the government is a reflection of the people, a microcosm of the population.
David thanks for showing us this place.
Thanks for watching ProfG5. Appreciate it
2.5 billion usd for this. Welcome to Nigeria
You do such good quality work bro. 😊I hope this project gets completed it would make the city look so much better.
Thank you Jahkaya. Yes it will give the city a facelift when completed.
Bunch of criminals in positions of power in Nigeria. They are frustrating the progress of this country. The world tallest building, Burg Khalifa, costs less than that amount.
I love your documentaries very interesting
Thank you Chidozie. Kindly share to friends as well. Appreciate it 🙏
Great work you are doing Sir,
Sincerely have been in Abuja for decades and I never knew such a place existed. Thank you so much sir for your efforts. You will soon hear from me sir. Thanks
Hello Kemcare, longest time. Thanks for watching, hope you are doing great.
This Infrastructure is too great to be abandoned🇳🇬
True. But Private Investors can take advantage of it. Which is why I did this video. Please share. Thanks
Wow.so massived and well plan architectural design .so much impressed. But unfortunately abandoned. Well done my brother. You have done your part.let see what tomorrow will hold for this wonderful abandoned project 👍
Well said. Samson
The bitter truth is Nigeria, is not a tourist magnet,there is nothing that attracts foreigners there besides expatriates.
Because our leaders have not given it the required attention
Awesome
These abandon projects cost money money that could have been used to help people by building homes, improving electricity, roads , schools , etc. but instead they spent money and there's nothing to show for the money! These people who started these projects should be locked away in a jail. Also, Nigeria is a beautiful country but, you all need to clean the trash up from the side of the roads, streets, etc. because that takes away from the beauty!
Amazing video
Very insightful information passed across...looking forward to seeing you as a big marketer for this project when it's finally revived
Thank you
This is a very informative video bro
Thank you Neche
As usual in Nigeria abandoned projects and politicians steal the money... (see Ajoukutu Steel Mill)
See the Ajoukuta steel documentary: czcams.com/video/Rew1Eo9XMj4/video.html&lc=Ugz7WygJyVdSceZSdMB4AaABAg
Păcat, că încă nu s a finalizat acel proiect, de mare amploare, dar am încredere în cei investitori, prin intermediul guvernului. Succes în tot ce vă propuneți!!! 👍🤗❤️🙏🙏🙏
You have us calculating and using our imaginations as would be Billionaire investors wow mind boggling the figures needed to complete this project.
Thank you David for showing us around 😊
Yes that Billions will come.😊 Thanks for watching @Truezlady, hope you are doing okay. My regards to daddy.
@@DavidNkwa
Yes O, Amen 🙏🏼 he is well thks.
God bless 🙏🏼😊
A piece of advise to Federal Government, call neither Dangote, Bua, Jaiz bank, or any private organizations to invest in building it under MoU for some years after their returns on capital and profit, FG should take over the control of the project after completion.
Inside that tower, there's a two story building in it and a restaurant.
This why young Nigerians will get thiers voters cards ready to vote competent peoples into office and also its high time Nigerians youths enter politics to influence political policies, times have gone when some will say vote does not count in Nigeria, those who think that way, should also ask themselves why some selfish politicians buy off people's votes? Wise up Nigerians youths, take same energy you displayed in ENDSARS and use your voter's cards and kick all those incompetent and corrupted leaders out and shape thier for your futures and for upcoming generations, UP Nigeria. Nice video, brother
Very well said. my brother. Indeed we more sensible and smart young people to join the political space.
This is unreal!!! Since 2006 this project? 🤯 So many can work, childcare & schools, transportation & all right there together. Cannot believe its just there doin nothin but holdin cars
nigeria has the most expensive abandon projects in the world. you guys must be crazy or have money to throw away
The latter.
Car parking lots businesses generate huge amount of money.
It's always sad seeing all the abandoned projects in our country
True.
Hmmmmm , lord please please me enough so that I can invest in my country. One day someday
Your caption "bullshit" is fitting. A CZcamsr in Abuja recently showed this place and was wowing all over the place about it. My comment then was that this is a big elephant mess that is typical of misguided and wasteful policymaking in Nigeria. And now you're asking private citizens in the Diaspora to throw in their hard-earned money into the monstrosity? Unbelievable!
I believe it has potential to generate money for any investor. However, the investor will have to state their terms and do their research before investing. The project in itself is not bad, is just that it was wrongly planed from the beginning an the present leadership in Nigeria have no vision
Loved this video David! It was definitely thought-provoking and the whole matter is very unfortunate. Now I may be wrong but the only way I see this project being completed is by large companies (most likely foreign) investing. It seems like a very promising investment and it behooves me as to why it has sat there so long. Aside from financial constraints, I wonder if there is some other issue/s preventing its completion; e.g. design or safety constraints...??? Shucks, is the man even still alive???
Hello Miss MOG. Thanks for watching and commenting.
I think the main issue is funding. The present Abuja/FCT Minister has not done well in pushing development in Abuja, because that's his job.
Yes a big company is needed to take advantage of this great project, which is why I did the video.
The project would have been completed if the administration that started have continued in office.
@@DavidNkwa David...I have monitored this project right from inception, there's definitely nothing wrong with the design or having safety issues as you have said. Buhari just didn't see anything worth investing in here....I was so happy the way Jonathan gave this project so much priority because the pace of work at that period was fantastic.
@Suleiman, hopefully the new government in 2023 will complete it
@@DavidNkwa if there's anything I'm anxious about is what the new government will do about this place....and we appreciate what you are doing by putting these videos out there for those in authorities to see....maybe they will eventually do something about it. Not a single block was laid since Baba came, I have been bittered for so long about it
Ordos City in China was build with $2.629B. Please someone verify this….. Nigeria govt I fear una.
I pray Elrufai would be reappointed minister of the FCT. Started in 2005 means he initiated most of these projects in Abuja.
$2.5 billion is over exaggerated…
Tinubu Is a master of development. He will develop it. Let's pray for his good health
I hear check this: rb.gy/bwwydz
Really sad that the potentials of this tower hasn’t been explored over the years. I hope they look into it soon.
Thanks for the insight video 👏
I hope so too. Thanks for watching
I think a motion should be started against not finishing of started projects and for the completion of unfinished projects.# finish it
The idea of investment is good but what about insecurity of lives because right now Nigeria is considered not safe to visit..I think our government needs to improve more on security that way outer world will be willing to come.
There has to be a proper reckoning for why the project was abandoned before any investments are put in - it'll be reckless otherwise.
What does it take to get a tour access of the facility?
I must say, I was hoping you would climb the tower, that is a let down.
Nigeria is one of these nations where people praise incompleteness...
Eko Atlantic city , national library, Abuja so called world trade center, Abuja and Lagos light rail... The list goes on ...
And on top of that they expect you to put money on it...
Go see poorer nations like Ethiopia and you'll realise Nigerian leadership has no excuse for this kind of BS...
I am really interested in this project how will i take over the completion process. Is there any website I can see through or contact the office 🏬 regarding the project.
there is no website. if you are serious about it. email nkwafilms@gmail.com
@@DavidNkwa The email you gave does not work.
That's my email it works.
Why are we so wasteful, I just watched your ajaokuta video now this. 😔😔
Story of our time. Hopefully things will change soon. Hope you are doing well Tunxlaw. Thanks for watching
2.5 billion dollars?😳 Maybe you got the wrong figure. Burj Khalifa in Dubai costed 1.5 billion dollars to build, how can this frying pan looking structure costs almost double what Burj Khalifa costs?
If you add the value of the money now to when it was awarded you see
Plus don’t forget that in the project it was envisaged to have the car park, two buildings, the theatre, the entire shopping centre connecting the car park with the cultural centre, the tower… expensive material imported from Italy
I will not advise anybody to invest for now, we should do something about our Exchange rate before we continue, $2.5 Billion is alot of money, Nigerian leaders are Corrupt and this project should not be up to $1.5 Billion.
🇳🇬🇳🇬🇳🇬 with corruption this skyscraper is not upto the sky of dubai that was build with 1 billions dollars and that is the most highest skyscraper in the world
Projected car park annual revenue of only $230k per annum?!
That's even based on the MOST OPTIMISTIC scenario.
Forget that!
Do you realise what the debt financing costs would be...there'll barely be enough EBIDTA income to operate the car park, service debts, maintain the structure and pay the staff.
Parking costs would have to rise significantly.
Why is that crane still hanging like that. it better not fall oo
The crane is a Potain and very well hanged on the tower and huge foundation at the bottom. It’s stanle
You actually said the best time to work here is after the new government and yea, it’s already under review by wike
Yes
with all the millionaires and some billionaires in Nigeria, this should be no problem completing.
True. But it's a public lead project not private. Except private investors takes advantage of it, which is the purpose of the video
@David Nkwa - Short Films on Places and People ok I see what you mean
2.5B Scam
You Nigerians are very very smart but, this is not the only abandon project in Nigeria. Listen, What is wrong with some Nigerians? You all give your money to foreign countries like China, America, etc. while the country as a whole suffers! Nigerians are some of the most educated people in the world but, you all don't want to work hard. You all want easy money doing easy stuff like depending on oil and agriculture! Why not building computers and research and development? Things that make money!
This is exactly what happens when you talk about things you know nothing about.
@@jacstvofficial4490 what are you talking about? Who's building the railroad projects in Nigeria? China right? Why can't you Nigerians design, build, and finance these types of projects without any outside help? That's money that's going outside the country into others pocket? That money could stay in the country! Don't act like you don't know what the hell is going on or wake up to find out what's going on!
Just looking at it from an architectural point of view... considering the cheap materials used and the simplicity of the design proves that this was a scam in the purest sense of the word. This should be nowhere near even the cost of a $200 million dollar complex. In San Antonio, Texas USA they built a taller observation tower (230 meters) for only a fraction of the price ($5.2 million dollars in 1966 or $31 million at the time of Millennium Tower's construction.). Nothing I've seen in the video can justify such a bloated amount of expenditure and it's obvious that rampant corruption, theft and inefficiency all worked together to stall this project.
How do you know was cheap material? I worked there and we have imported material from Italy like marbles and the entire restaurants structure.. do u know that the client stopped paying us for years, and we were requested to continue working?
@@dinosquizzato75your client is the government of Abujah or the Federal Government because as David said, this is a government project. Based on this fact the money was stolen by those who are incharge of the 2 billion plus dollar. And yes, he is right rampant corruption.
Space needle ❤️ . But corruption no go gree na .. b****ds
Hmmmmmm another eye opener both government and private sector should pls do something positive
That dude called it multibillion dollars investment. Are you serious? Multibillion means several billions. 2.5 billion dollars is not considered multibillion dollars - tens to the hundreds and above are.
Abujah is well known for abandonment. The Millinium Tower is abandoned. The Abujah Metro Rail is abandoned and now the Centenary City is abandoned. Why does Nigerian people do such foolish things by constructing these huge projects fully aware that it has no capacity to finish it?
2.5 billion worth of stacked up barrel drums 🛢gladly given to Esau Edom whom took the cash and escaped back to his cave in Italy...that aside this ranks amongst one of the worst tower constructions I have ever had the misfortune of laying my eyes upon. I doubt the credentials of that fake achitect.
🙄🤭🤔
Really stupid, 2. 5B Dollars? If US dollar, more expensive than Burj kajlifa in Dubai? It seems not even tall.
Thus I state inflastractur it has to be revamped why still your own kind please Nigeria leaders stop this