Ten years after the launch of the Abuja centenary city, the Senate has opened up an investigation into the failed 18.5 billion dollars public-private sector-led project.

The Senate is seeking a revival of the project under the 10th Assembly and has therefore set up an ad-hoc committee to be chaired by the Deputy President of the Senate, BARAU JIBRIN.

The sponsor of the bill, Senator YISA OYELOLA noted that the Abuja Centenary Economic City project in 2014 was designated as a free trade zone under the regulatory oversight of the Nigerian Export Processing Zones Authority.

Other lawmakers, however, expressed the belief that the project can only be revived through a Public-Private-Partnership arrangement, eliminating the idea that the Federal Government would inject funds into it.

Chairman Senate Committee on Customs, Senator ISAH JIBRIN, further maintained that the project should be self-funded one over a period, as he called on the Ministry of Finance, to put together a team of investment bankers to fund it.

The Senate therefore mandated the Committee on Federal Capital Territory, to urgently investigate the factors impeding the completion of the project.