Nasarawa Government Converts Deputy Governor’s Lodge into N2 Billion Luxury Estate, Approves N600 Million for Kaduna Property Development
The Nasarawa State Government, under the leadership of Governor Abdullahi Sule, has embarked on a landmark Public-Private Partnership (PPP) project to transform the abandoned Deputy Governor’s Lodge in Abuja into a N2 billion luxury estate.
Performing the groundbreaking ceremony in Abuja, Governor Sule emphasized his administration’s commitment to developing assets that generate revenue rather than projects that drain the state’s resources. He highlighted that the 13-block terrace estate, awarded to Optiview Realty, is an initiative aimed at enhancing the state’s investment portfolio and empowering local businesses.
“The credibility of any government is reflected in the assets it acquires. A government that owns visible, revenue-generating assets gains financial strength and economic viability. Instead of selling this property, we are converting it into an investment that will yield long-term benefits for Nasarawa State,” Governor Sule stated.
The state government is contributing N800 million as equity, representing the value of the land, while Optiview Realty is investing N1.2 billion for the estate’s development. Governor Sule projected that the government’s six units from the estate could be sold for N1.2 billion, demonstrating the project’s financial viability.
The Governor also announced the approval of N600 million for the redevelopment of a government-owned property in Kaduna. He noted that the property had remained underutilized despite its strategic location.
“We spend substantial amounts renting accommodation during official visits to Kaduna. This project will not only save costs but also increase the state’s asset base. We expect completion within the year,” he added.
Governor Sule commended the Nasarawa State Investment Development Agency (NASIDA) and Nasarawa Geographic Information Service (NAGIS) for facilitating the PPP framework, ensuring the success of the initiative.
According to NASIDA Managing Director, Ibrahim Abdullahi, the project follows a 60/40 investment-sharing formula, with Nasarawa State Government receiving six units and the developer taking seven.
The 13-block estate will include premium facilities such as a gymnasium, a café, and recreational amenities, making it a prime real estate project in the capital city.
Governor Sule reiterated his vision of positioning Nasarawa State as a major player in national real estate development, adding that future projects in Abuja, Kaduna, and Lagos would further strengthen the state’s financial standing.
