Business Mogul, Mike Audu, to build Nollywood City in Abuja

Posted by admin Arts/Culture & Entertainment, Headlines, Nollywood (Film Industry) Monday, December 12th, 2011

Mr. Mike Audu, CEO Adiku Global Intl

Business mogul, and CEO,Adiku Global International, Chief Mike Audu, CEO, may have commenced plans towards actualising his dream of giving Nollywood stars a home befitting to their status.

At a dinner held last Wednesday at Protea Hotel, Ikoyi, Lagos, with selected stakeholders of the industry, the youthful entrepreneur said any moment from now, construction will commence in respect of the proposed Nollywood City.

Adiku Global Limited, a real estate development company, tend to accomplish this task in conjunction with its foreign partners, AYESA, a Spanish construction company.

‘My dream is to bring the Nigerian entertainers into one big city by providing them with homes that will be lavishly decorated with all the appurtenances of stardom.” He conceived the idea of erecting Nollywood city not too long ago.

“We are bringing Nollywood to the international level. We have not reaped 25 percent of what Nollywood has offered. Nollywood city is all about Nigeria. Let us come together as one to make Nollywood City a home for all. The streets of Nollywood City would be named after actors, even their children will benefit from this project,” he stated.

According to Audu, over 324 hectares of land with about 15,000 housing units have already been acquired in Galadimawa area of Abuja.

Speaking further on the project, he said, when the project is completed, about five percent of the total cost will be given to all the actors and actresses who will be among the first 1,000 people to purchase a building in the city.

Also a representative of AYESA, Elisa Orellana said her company which has been handling world class construction for the past 20 years is poised to build a city that is comparable to that of Hollywood.

In his speech, Chairman, Board of Trustees, Actors Guild of Nigeria(AGN) Prince Ifeanyi Dike urged all Nollywood practitioners to key into this project, stressing ” Audu’s vision is to build a city where all actors would have a home like Hollywood. All actors can benefit from this project as well as marketers, directors, producers, and the general public. It is like an insurance for every actor.”

Audu further boasted that the City among other things,would have a free medical service, 24 hour service of electricity and a new type of technology that would guarantee adequate security round the clock for the 15,000 housing unit.

“The construction of the houses will be in three phases, each phase involving the completion of 5000 units of houses on 80 hectares of land. When completed, outright payment for a house would attract five percent discount, while mortgage facilities would be provided. 70 percent of the houses would be exclusively for Nollywood stars while the remaining 30 percent would be open for other individuals.”

“The streets in the estate would be named after legends in the industry and present celebrities whose work have added immense value to the nation’s entertainment industry.”

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