The Plateau Investment and Property Development Company (PIPC) has signed a head-of-term agreement with Strom Infrastructure Investment and Management Limited to renovate the Hill Station Hotel in Jos with top-notch management.
Governor Caleb Mutfwang who personally oversaw the signing process with the managing director of PIPC, Hon. Danlami Jelka, stated that this effort aligned with his directive to breathe new life into dormant enterprises under PIPC’s purview.
Hon. Jelka emphasised the importance of creating a conducive environment for private investors to revitalize inactive businesses for the benefit of the state’s populace. The agreement entails investor leasing, rehabilitating and operating Hill Station Hotel for an initial 20-year period, renewable by mutual consent.
The rehabilitation cost is estimated at N8.5 billion, as assessed by consultants engaged by 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. Additionally, it will generate indirect employment opportunities in service provision and supplies to the hotel.
Responding, the chief executive officer of Strom Infrastructure Investment and Management Limited, Kolapo Joseph, thanked the Plateau State government for the opportunity to contribute and pledged its commitment to fulfilling its obligations with integrity.
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