As a key regional player in Africa, Nigeria accounts for about half of West Africa’s population with approximately 202 million people having the largest populations of youth in the world.
Nigeria is a multi-ethnic and culturally diverse federation which consists of 36 autonomous states and the Federal Capital Territory.
With an abundance of natural resources, it is Africa’s biggest oil exporter, and has the largest natural gas reserves on the continent. Nigeria is already the most populous African nation, and will more than double in size to 400 million people by 2050, according to the United Nations, thereby having more people than the US by 2050.
By 2030, Africa's household consumption is expected to reach $2.5 trillion, up from $1.1 trillion in 2015. 20% of that $2.5 trillion will be spent in Nigeria alone (World Economic Forum report)
The Nigerian Investment Promotion Commission (NIPC) has it on their report on top investment destination by states in Nigeria in the first half of 2018 that “out of the 36 states of the federation, oil-rich Rivers state beat the country's commercial nerve centre, Lagos to emerge as the largest investment destination in the first half of 2018. Rivers state received 35% of the total $45Billion foreign direct investments.
The ASGARD City Development Plan proposes a comprehensive planning and partnership model that creates a new standard for sustainable urban development in the 21st century.
Subway Labs LLC’s city is modeled after an American fictional realm known as ASGARD. ASGARD, according to myths and legends, is a place where smart people live, which has earned it the title, city of gods. It will be a mix of luxury and resourcefulness in Architectural display, economic opportunities, African cultural pomp, and technological integration plus multi dimensional social expressions. Our new city will run a 24 hrs economy. The major economic interests of the city will be Tourism, Real Estate, Agriculture, Fashion, Education, Health Care, Arts, Retail/Trade, Light Manufacturing and Technology.
This city has plan for inclusive economic development clusters capable of generating up to 93,000 total jobs, an estimated $104.2 million in annual economic output for Nigeria across all the Districts by 2030 — all of which could be achieved on a far more scaled up timeline compared to plans in place today. These plans and efforts would help the Niger - Delta region to become a global hub for the emerging businesses of the future and urban innovation.
Currencies of Nigeria, and other countries will be used in this city but a greater focus and priority will be placed on the use of crypto currency for the exchange of goods and services.
It will have vehicle access limited to retail and plaza spaces. The Cul-de-sac designs help minimize escape routes, reducing the possibility of crimes and our environmental design devoted to ensuring safety and security in a holistic way.
Each bus station drops off would be monitored by: AI enabled CCTV, Emergency call phone/intercom, video analytics for suspicious object/activity. Security bollards to separate pedestrian and vehicles and constant safety education within the districts.
All internal roads would have one-way traffic to:
Ensure smooth traffic flow, manage drop-offs and illegally parked cars, improve security by monitoring incoming and outgoing vehicles.
All incoming roads will have inbuilt Under Vehicle Surveillance System (UVS) built into roads to detect lethal threats.
This new city development represents an exceptional opportunity to draw new industries and businesses to the area and to capitalize on the site’s proximity to West Africa's foremost production base - Aba, and economically robust South-South, South Eastern states of Nigeria. It aims to be a diverse, inclusive walkable community that can be enjoyed by residents and visitors alike.