Wednesday, July 22, 2026

Cash-strapped PDP to rent out national secretariat for revenue: National chairman

“The idea that I understand is that PDP will occupy three floors, and the rest will be commercialised to generate revenue for the party,” Chairman Iyorchia Ayu said.

• January 11, 2022
Iyorchia Ayu
Iyorchia Ayu

The National Chairman of the Peoples Democratic Party (PDP) Iyorchia Ayu, on Tuesday, disclosed that eight floors from the party’s national secretariat in Abuja will be commercialised to generate revenues.

“The idea that I understand is that PDP will occupy three floors, and the rest will be commercialised to generate revenue for the party, ” Mr Ayu told journalists while he led members of PDP National Working Committee on a facility tour of the uncompleted 11 storey building in Abuja.

“The briefing I have is that work has actually got to finishing stages, and most of the critical components were on the ground, they have been moved to another location for safekeeping.

“Therefore, after so many years, we have lost a lot of revenue,” he said, listing components of the building as 11 floors; two underground floors, and nine floors off the ground.

“As a party at Wadata House, we are challenged by lack of adequate office space. So the party will now discuss with all stakeholders of the party and will explore the necessary avenue for completing this edifice,” he said.

Mr Ayu added: “We believe that apart from the critical stakeholders of the party, we will look for other ways including advice from experts to look into commercial considerations.

“It is a building that must be completed, it must never be allowed to remain wasted as it is. So the next way forward is to explore all possible avenues to complete this building.”

The construction of the secretariat was conceived in 2008 by a former National Chairman, Ahmadu Ali to address inadequate office space at the present secretariat, Wadata Plaza, in Wuse Zone 5.

The contract awarded to BNL Construction and Engineering Company was reviewed upward from N11.5 billion to N16 billion.

Though the project was billed for completion in 126 weeks, the company withdrew from the site in 2014 due to the inability of the party to raise money for the work. 

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Kano State House of Assembly

States

Kano assembly adopts bill to establish state electricity agency

The speaker said the bill would now be transmitted to the executive arm for assent.

Moses Orshio Adasu University, Makurdi (MOAUM)

States

Benue varsity ASUU suspends seven-week strike

ASUU-MOAUM commenced an indefinite strike on June 1 over unresolved welfare and governance issues. 

Olushola Yusuf

Anti-Corruption

Nigerian pharmacist Olushola Yusuf convicted of drug trafficking, flooding Florida community with 335,000 oxycodone pills

Ms Yusuf charged “extraordinary cash prices, served drug dealers and customers who travelled long distances, and put profit ahead of patients”.

three suspected cultists

Heading 2

Police nab three suspected cultists in Lagos

The command’s spokesperson said the suspects were arrested following credible information from members of the public. 

EBONYI STATE LOGO

States

Ebonyi government enforces strict regulations on mining

Mr Nkah warned the operators in the state that the government would no longer tolerate environmental degradation. 

FRSC personnel on highway

States

FRSC commences special operation to check road crashes in Ebonyi

Mr Asanya said that the operation would last from July 21 to July 23, from 7 a.m. to 1 p.m.