By Our Reporter, Lokoja.
In a bid to boost the Internal Revenue of the State, create more employment for the youths, build the state as an attractive space for more investors who are willing to invest in the state, the State Government through the office of Kogi investment & Properties limited has handover the Confluence Beach Hotel to Capital Boutique Limited for management and remodeling.
The official handover of the Hotel to Capital Boutique was held on the 14th of July 2020 at the premises of the Confluence Beach Hotel in Lokoja, the state capital.
The Managing Director of Kogi Properties and Investment LTD, Hajia Aishat Suleiman who spoke on behalf of the entire management of Kogi Properties & Investment expressed her sincere gratitude to Almighty God and appreciated his Excellency Alh, Yahaya Adoza Bello, the Executive Governor of the State for giving her the singular honor and ample opportunity to serve under his Administration as the Managing Director of Kogi Properties and Investment.
Speaking further, the Managing Director highlighted some of the reasons, conditions, and terms behind the lease of the Hotel to an investor.
She opined that;
The Hotel requires an overhaul remodeling costing billions of naira which is very difficult for the state government to incur for now as more attentions are needed in completing so many ongoing projects across the State.
The Hotel will operate and managed with the same name “Lokoja Confluence Beach Hotel and Golfs resort limited.
The investor will continue to partner with Kogi State Government throughout their tenure stipulated time for the Lease Agreement. For the avoidance of doubt, the Hotel is “Not Sold out to any company or group”, she emphasized.
The project is in line with the present administration under the leadership of his Excellency Alhaji Yahaya Adoza Bello Blueprint and commitment towards the Socio-Economic Development of the state, which will also contribute greatly to the internal Revenue of the State and it will equally create more jobs for the youths.
Lastly, Upon the completion and when fully operating, the Hotel will not only put the state on the world map, it will also attract more investors and become Centre of activities to the Federal Government in view of it’s standard.
The members of the kogi state economics management Team and other state government officials were in attendance during the handing over.
