Local governments love capital-intensive economic development strategies that involve big construction projects that can be named after politicians and the doling-out of fat contracts to those politicians' political underwriters. Every city in America has a convention center that sits largely idle most of the year, and the massive number of seldom-visited, local-interest museums will lead future archaeologists to conclude that Americans were a race of self-obsessed anal-retentives -- which, come to think of it, we are.
My own, personal favorite local government "attraction" is the National Corvette Museum in Bowling Green, Kentucky. It was built largely with tax dollars, touted as the cure to Bowling Green's economic ills after the local underpants factory moved its equipment, jobs and pension plan to Malaysia. Now more than a decade into that economic development project, it's a museum that allows visitors to put their own cars on display in exchange for donations. The biggest exhibition to date focused on dinosaurs.
Anyway, it's nice to know that emerging democracies around the world are learning more from the United States than the importance of paying their debts on time. As evidence, the government of Nigeria's capital city, Abuja, has teamed up with fat cat real estate developers to underwrite the world's tallest shopping mall. The thinking is, apparently, that the only reason tourists don't flock to sweltering Equatorial Africa is a dearth of Orange Julius and Hot-Dog-On-a-Stick.
The minister said that the multi-billionaire 50-storey shopping mall, with twin towers, would be located at the Constitution Avenue, beside the proposed Abuja Transportation Centre in the Central Business District of the Federal Capital Territory.
His words, "Abuja, the Federal Capital Territory has comparative advantage for having prime location as the capital of the most populous country in Africa, therefore any investment in this regard will surely get investment recouped immediately".
Umar reiterated that this was part of the innovation of the FCT administration, in addition to the planned multi-billionaire Abuja Boulevard project, to make Abuja the world’s tourist and conference delight.
According to the CIA World Factbook, 70% of Nigeria's population lives below what is doubtless a fairly meager poverty line. The average age of Nigeria's citizens is 18, largely because the life expectancy of its adults is 47.
The municipal government of Abuja welcomes outside, private sector investment in its quest to make landlocked Abuja "the world's tourist and conference delight." To visit the Federal Capital Territory website and inquire about investment opportunities, click here.
To learn how to put your car on display at the National Corvette Museum, click here.