NIGERIA: Zugacoin and Green Enclave to develop a smart city in Rivers State
Port Harcourt in Nigeria will soon be equipped with a green infrastructure package as part of its transformation into a smart city. The project, jointly developed by real estate company Green Enclave and Zugacoin, a crypto-currency platform, will create jobs and digitalise public services for 3 million people.
Nigeria is in the era of technological solutions to ensure the well-being of its 201 million inhabitants. The real estate company Green Enclave intends to transform Port Harcourt, the main oil refining city in Rivers State, into a smart city. The project will be spread over 1,000 hectares of land in Omerelu in Ikwere State Council and will be funded to the tune of $10 billion by crypto-currency company Sam Zuga Business Empire.
The site, which will resemble a mini-city in Singapore or Dubai, will consist of 6,000 houses, shopping malls, several agribusinesses, a recreation area and a residential area. “The rental system will be managed by professionals from all walks of life. Each investor earns a rental of up to 2% per month for 50 months as an additional benefit of the property or asset. Although the indigenous families are our suppliers, they are also shareholders,” says Port Harcourt Green Enclave Chairman Perfect Nyenwezi Wekhe.
Digitalization at the heart of the city’s development
“Many young people will be employed across Nigeria for the biometric capture. Zugacoin is not just a crypto currency, but a tool for the financial revolution in Africa. This collaboration with Green Enclave will also address the ecosystem and flooding challenges in the city,” says Sam Zuga, the creator of Zugacoin.
The infrastructure will include both high- and low-density areas for low-income people in the city of Port Harcourt, which has a growth rate of 4.86% in 2022. In addition, the project promoters are opting for local manufacturing of materials and the processing of Nigerian sand into glass, especially for the high-rise buildings. As for security, the entire city will be under 24-hour surveillance thanks to Israeli technology.