Editor
Governor Caleb Mutfwang of Plateau State has disclosed that the renovation of the moribund Plateau Hill Station Hotel will gulp N8.5b, while pledging his commitment to revitalizing legacy projects in the state.
According to the governor who wrote in his X handle which reads : “I am pleased to announce that the Plateau Investment and Property Development Company (PIPC) has entered into a head of term agreement with Strom Infrastructure Investment and Management Limited to refurbish the Hill Station Hotel in Jos to a world-class standard establishment.
I personally oversaw this process, with the Managing Director of PIPC, Hon. Danlami Jelka, signing on behalf of the shareholders of Hill Station Hotel. This initiative is a key part of my directive to breathe new life into dormant enterprises under PIPC’s purview.
Hon. Jelka has highlighted the importance of creating a conducive environment for private investors to rejuvenate inactive businesses for the benefit of our state’s populace. Under this agreement, the investor will lease, rehabilitate, and operate the Hill Station Hotel for an initial 20-year period, renewable by mutual consent.
The rehabilitation cost, estimated at N8.5 billion by consultants engaged by PIPC, is expected to have a significant economic impact. This includes direct employment for approximately 160 citizens, engagement of unskilled workers during the hotel’s refurbishment, and an estimated boost of N8.6 billion to the state’s income through the investment’s multiplier effect. Additionally, it will generate indirect employment opportunities in service provision and supplies to the hotel.
I extend my gratitude to Hon. Jelka and his team for their dedication, and to Kolapo Joseph, CEO of Strom Infrastructure Investment and Management Limited, for their commitment to this transformative project. This collaboration underscores our commitment to fostering an investor-friendly environment in Plateau State.
