The project's construction began in 2008 during the administration of Godswill Akpabio who said he wanted to use the Ibom Tropicana to......
A multi-billion-naira project in Uyo, Akwa Ibom State, looks set to be on the path to profitability for the first time ever, after being a drain on government resources for several years.PREMIUM TIMESIts concepts and physical structures are, however, being reworked currently through a Public-Private Partnership between the Akwa Ibom government and the major investor, Median Infrastructure Company Development Ltd to make it generate expected earnings to the government and other investors.
Even the cinema was not bringing any money into the government coffers, as movie tickets were subsidised by the government and Silverbird Showtime Ltd, the company which operated it, reportedly did not also make any returns to the Akwa Ibom government. “There’s no way the mall would have accommodated an anchor with the way it was,” Mr Akinsanya, an engineer, added.
Construction workers have been working round the clock to fix it and some structural defects, including refurbishing the elevators, and installation of new electric lines, in order to prepare the mall for its targeted opening date – December 1.
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