Landmark Africa Group has partnered with the Enugu State Authorities in a three way partnership to handle and remodel the 150-hectare Nike Lake Resort right into a world-class tourism and leisure vacation spot.
The settlement was signed in Enugu on Thursday, January 16, 2025.
In a video shared on the AIT YouTube web page, Landmark Africa CEO Paul Onwuanibe is seen signing the settlement, adopted by a handshake with Enugu State Governor Peter Mbah to seal the deal.
Chatting with the press after the signing, Onwuanibe shared his ideas on the potential of Enugu State and the chance this partnership presents:
“We really feel there’s a huge alternative, not simply because the state is a progressive state, however on the premise that Enugu State very a lot can develop into the tourism and hospitality capital of the South East, and doubtless of Nigeria.”
Onwuanibe defined that the mission is a three way partnership the place “the state has contributed the Nike Lake Resort as an asset, and Landmark goes to offer the administration and operations of the resort and switch it to its former glory.”
Reflecting on the importance of the Nike Lake Resort, Onwuanibe shared that he attended college in Enugu across the time the resort was opening, noting that it was as soon as thought-about probably the greatest resorts within the nation. He expressed confidence that Landmark Africa might restore the resort to its former glory.
He additional outlined the resort’s multifaceted function as a resort, conference centre, and leisure vacationer vacation spot, emphasizing Landmark’s experience in growing enterprise, leisure, and way of life platforms.
The Landmark Africa Group and the Enugu State Authorities have outlined particulars of their three way partnership to handle and remodel the enduring Nike Lake Resort.
Governor Peter Mbah introduced the partnership in an X publish on Thursday, stating that the state signed a cope with Landmark Africa Group to revamp and reposition the resort. He revealed that the corporate would make investments N10 billion within the first part to revive its previous glory.
“Delighted to share that now we have sealed a cope with the famend Landmark Africa Group to revamp and reposition the enduring Nike Lake Resort,” the assertion learn partially.
It added, “Below this settlement, the Enugu State Authorities has entrusted the Nike Lake Resort as an asset, whereas Landmark Africa Group will make investments a powerful N10 billion within the first part to revive its previous glory.”
Governor Mbah added that the funding would appeal to two million guests yearly, create jobs, and considerably enhance the state’s Internally Generated Income (IGR), positioning the resort as a world vacation spot for tourism, enterprise, and rest.
On Friday, Landmark Africa Group offered additional particulars in an announcement by its Model and Company Communications lead, Elsie Ogianyo. The corporate disclosed that the deal includes a 35-year lease settlement for the resort, which features a 200+ room resort and resort facility unfold throughout 150 hectares of lush grounds surrounding the serene Nike Lake.
“The Landmark Group is happy to announce its 35-year lease settlement for Nike Lake Resort in Enugu State. The Nike Lake Resort, a 200+ room resort and resort facility, is constructed on over 150 hectares of lush inexperienced grounds and surrounded by the serene and picturesque Nike Lake in Enugu State,” the assertion learn.
Landmark described the resort, constructed over 4 many years in the past, as a logo of delight and excellence within the Coal Metropolis. The corporate expressed its dedication to reworking the property into a contemporary, world-class leisure vacation spot.
Renovation works will start in 2025 and proceed in phases. The revamped resort will characteristic resort lodging, waterfront villas, a youngsters’ park, numerous eating choices, seaside lounges, leisure and journey actions, a golf course, sporting amenities, and different distinctive leisure experiences.
This transfer follows Landmark Africa’s latest acquisition of waterfront land in Port Harcourt, in collaboration with the Rivers State Authorities, to redevelop the Port Harcourt Vacationer Seashore right into a premier leisure, hospitality, and tourism vacation spot.
Work on the Port Harcourt Vacationer Seashore redevelopment is slated to start within the first quarter of 2025, with phased completion beginning within the fourth quarter.
Enugu and Rivers States are confirmed for growth, with the third state anticipated to be introduced within the coming weeks or months.
