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How Mutfwang’s 8.5bn investment revamps Hill Station Hotel, boosts tourism, economy in Plateau

How Mutfwang’s 8.5bn investment revamps Hill Station Hotel, boosts tourism, economy in Benue

In a landmark move, the Plateau State government has signed a historic agreement to revamp the long-abandoned Hill Station Hotel, signaling a new era for tourism and economic development in the state.

The Plateau Investment and Property Development Company (PIPC) has partnered with Strom Infrastructure Investment and Management Limited to refurbish the hotel into a world-class establishment.

Governor Caleb Mutfwang played a crucial role in facilitating the deal, emphasising his administration’s commitment to creating a conducive environment for private investment.

The agreement entails a 20-year lease, rehabilitation, and operation of the hotel by the investor, with an estimated cost of N8.5 billion.

The project is expected to have a significant economic impact, including direct employment of 160 citizens and an estimated boost of N8.6 billion to the state’s income.

Read also: Plateau taps large scale farming to resettle displaced persons

The rehabilitation will also generate indirect employment opportunities in service provision and supply to the hotel.

Governor Mutfwang, in a statement signed by Gyang g Bere, his Director of Press and Public Affairs, pointed out that the governor personally supervised the process with Danlami Jelka, Managing Director of PIPC, signing on behalf of the shareholders of Hill Station Hotel.

Jelka emphasised the importance of creating a conducive environment for private investors to rejuvenate inactive businesses for the benefit of the state’s populace, adding that the agreement entails “the leasing, rehabilitation, and operation of Hill Station Hotel by the investor for an initial 20-year period, renewable by mutual consent”.

According to him, “the rehabilitation cost is estimated at N8.5 billion, as assessed by consultants engaged by PIPC, that the project is expected to have a significant economic impact, including the direct employment of approximately 160 citizens, the 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.”

He equally mentioned that it will generate indirect employment opportunities in service provision and supply to the hotel.

The Managing Director of PIPC expressed gratitude to Governor Caleb Mutfwang for his support and dedication to fostering an investor-friendly environment in the state.

Responding, Kolapo Joseph, CEO of Strom Infrastructure Investment and Management Limited, thanked the Plateau State government for the opportunity to contribute and pledged the company’s commitment to fulfilling its obligations with integrity.

This development marks a significant turning point for Plateau State’s tourism industry, which has been dormant for years.

The revamped Hill Station Hotel is expected to attract tourists and investors alike, boosting the state’s economy and creating new opportunities for its citizens.

The Plateau State government’s commitment to revitalising the hotel demonstrates its dedication to unlocking the state’s economic potential.

As the project takes shape, the state’s tourism industry is poised for a resurgence, creating a brighter future for generations to come.

The Hill Station Hotel’s rehabilitation serves as a model for public-private partnerships in Plateau State, showcasing the potential for collaborative development.

With this landmark deal, Plateau State is poised to reclaim its position as a premier tourist destination in Nigeria.

The state’s natural beauty, rich culture, and now, world-class hospitality infrastructure, will attract visitors from far and wide.

The economic benefits of this project will be felt across the state, with new jobs, increased revenue, and a revitalised economy.

The Plateau State government’s vision for a revitalized Hill Station Hotel is a testament to its commitment to the state’s economic growth and development.

As the project progresses, the state’s tourism industry is expected to experience a significant boost, creating new opportunities for entrepreneurship, employment, and economic growth.

The rehabilitation of Hill Station Hotel serves as a catalyst for Plateau State’s economic transformation, positioning the state for a brighter future.

With its rich cultural heritage and natural beauty, Plateau State is poised to become a leading tourist destination in Nigeria, thanks to the revamped Hill Station Hotel.

Read also: Plateau Governor grants state pardon to 13 prisoners

The Plateau State government’s partnership with Strom Infrastructure Investment and Management Limited demonstrates its dedication to creating a conducive environment for private investment.

This landmark deal is a testament to the power of public-private partnerships in driving economic growth and development.

As Plateau State’s tourism industry continues to grow, the state’s economy is expected to experience a significant boost, creating new opportunities for its citizens.

The revamped Hill Station Hotel is a symbol of Plateau State’s potential for growth and development, showcasing the state’s commitment to unlocking its economic potential.

With its world-class amenities and stunning natural beauty, Plateau State is poised to become a premier tourist destination in Nigeria, attracting visitors from far and wide.

The Plateau State government’s vision for a revitalised Hill Station Hotel is a testament to its commitment to creating a brighter future for its citizens.

As the project takes shape, the state’s tourism industry is expected to experience a significant resurgence, driving economic growth and development.

The rehabilitation of Hill Station Hotel marks a new era for Plateau State’s tourism industry, positioning the state for a brighter future.

With its rich cultural heritage, natural beauty, and now, world-class hospitality infrastructure, Plateau State is poised to become a leading tourist destination in Nigeria.