by Christiana Gokyo, Jos
The renovation of Hill Station Hotel, Jos, has been estimated to cost some N8.5 billion, as assessed by consultants engaged by Plateau Investment Property Development Company (PIPC).
The project is expected to have a significant economic impact, including the direct employment of approximately 160 citizens, 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.
It will generate indirect employment opportunities in service provision and supplies to the hotel. This is in line with Governor Caleb Manasseh Mutfwang’s commitment – to “revitalizing legacy projects.”
The Investment Company (PIPC) has entered a head of term agreement with Strom Infrastructure Investment and Management Limited to refurbish the Hill Station Hotel Jos to a standard establishment with world-class management.
The governor personally supervised the process with the Managing Director of PIPC, Hon. Danlami Jelka, signing on behalf of the shareholders of Hill Station Hotel. This initiative aligns with the governor’s directive “to breathe new life into dormant enterprises” under PIPC’s purview.
Hon. Jelka emphasized the importance of creating a conducive environment for private investors to rejuvenate inactive businesses for the benefit of the state’s populace.
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.
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.
In responding, CEO of Strom Infrastructure Investment and Management Limited, Kolapo Joseph, thanked the Plateau State Government for the opportunity to contribute, and pledged the company’s commitment to fulfilling its obligations with integrity.