- Adcelerate to Invest $15m in Luxury Yacht
Adcelerate Limited had announced plans to invest $15 million in luxury yacht cruise on Jabi Lake in the Federal Capital Territory (FCT), Abuja.
Mr. Maxwell Omar Gabari, the Chief Executive Officer, Adcelerate Limited, who disclosed the details in Abuja, said more than 170 youths would be employed when the project kicks-off.
He said the project when completed would boost the internally generated revenue of the FCT.
According to him, “ It will improve the aesthetics of the territory and boost its tourism activities. It will create an improved and sustainable lake management. It will boost the city’s revenue base. It will also be the first inland cruise in Nigeria. So, we are looking at 10 to 15 million dollars in investment.”
Speaking on the ongoing lawsuit holding back developments around the lake area, the CEO said, “The lawsuit did not affect the lake because it is nobody’s lake, it only affects the Jabi Lake Garden and Park, which from our investigation, four people are claiming ownership of the place.
“But we cannot leave the entire huge space abandoned, so I think the FCT minister needs to take a firm resolve to maintain the place because it is a beautiful place that is left underdeveloped.
“We knew about the issues, and that is why we are not doing Jabi garden, we are actually on the lake. As a private company, we want to maximise the value of the lake for the benefit of ourselves and other residents in the territory. It is for large scale and access to entertainment for better revenue and more jobs for the people,” he promised.
