The proposed Centenary Village, an ultra- modern city within the FCT to mark the 100 years of the Nigerian nationhood, will cost N3.2 trillion, retired Gen. Abdusalami Abubakar said on Monday.
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Abubakar, who is Chairman of the Board of Centenary Village Plc, disclosed this while presenting a report to President Goodluck Jonathan at the State House in Abuja.
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The Centenary Village Plc is a public liabilities company to be jointly set up by the private companies which will finance the project.
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The former military Head of State, who led other members of the company's board to the Presidential Villa, said the Centenary Village would be wholly financed by the private sector.
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Abubakar said the board had in the report also requested President Jonathan to grant certain concessions to the private investors who are willing and ready to be part of the project.