In a landmark move for Bayelsa State’s hospitality scene, the Nigerian Content Development and Monitoring Board (NCDMB) signed a trio international management agreement (IMA) on Monday, March 2, 2026, with Radisson Hospitality Belgium and Edison Hotel and Property Development Company.
The deal covers NCDMB’s swanky 204-room hotel and conference center, nestled next to the iconic Nigerian Content Tower in Swali, Yenagoa.
Set to fling open its doors in December 2026, the property promises world-class vibes under Radisson’s expert management.
The ink dried in Durban, South Africa, with NCDMB’s Executive Secretary, Engr. Felix Omatsola Ogbe, shaking hands alongside Edison Corporation’s Executive Chairman, Mr. Vivian Reedy, and Radisson Director, Mr. Garnier Erwan.
Engr. Ogbe revealed the pact followed over two years of intense talks, reviews, and compliance checks, earning nods from top brass, including Attorney-General of the Federation and Minister of Justice, Lateef Olasunkanmi Fagbemi, SAN.
This partnership positions Yenagoa as a rising star for business travelers and events, blending local development with global polish.
“Their support ensured that the agreement meets Nigeria’s legal and regulatory standards,” he said.
The aspiration, he added, is to deliver a world‑class hotel in Yenagoa, Bayelsa State with a fully equipped conference centre, designed to serve the oil and gas industry stakeholders and the Nigerian public.
He pledged NCDMB’s commitment to completing the hotel on schedule and achieving the opening in December. “We appreciate our responsibilities - construction quality, pre‑opening readiness, funding, safety and security compliance, and maintaining Radisson’s global standard. We will do our best to meet our obligations.”
Ogbe, according to a press release signed by Obinna Ezeobi, PhD, GM Corporate Communications Division of NCDMB, charged Radisson Hospitality to bring its expertise, systems, and brand strength to deliver a hotel that offers excellent service and guest experience.
He expressed hope that the partnership with Edison Hotels will create a facility that reflects global quality and supports Bayelsa’s position as an oil and gas hub.
He added that “this project reflects NCDMB’s commitment to using strategic investments to boost productivity, attract investment, build local content, and expand opportunities for business and tourism in Nigeria.
“When completed, the Radisson Hotel & Conference Center Yenagoa will stand not only as a hotel, but also as a symbol of what strong partnerships can achieve.”
Executive Chairman of Edison Corporation, Mr. Vivian Reedy described his organisation’s role as a bridge between the owner and the operator, highlighting the group’s intensive experience in the hotel industry, and determination to ensure alignment, transparency, accountability and performance.
“We understand that a successful hotel is not just about buildings. It is about disciplined management, strong oversight, brand integrity, and a shared commitment to excellence,” he emphasized.
Part of the group’s responsibility is to ensure that the hotel is delivered, operated, and managed in a manner that protects and announces the owner's investment, while fully supporting Radisson in achieving operational excellence, he added.
The Executive Chairman assured that working closely with Radisson and NCDMB’s team, the Radisson Hotel and Conference Center, Yenagoa will become the leading hospitality and conference destination in Bayelsa State, a catalyst for business and investment, and a symbol of quality professionalism and international standards.
He reported that the firm has had wonderful successes with Radisson in other locations, even achieving 95% occupancies. “Our approach is to strengthen governance, support performance, and ensure the interests of the owners are always safeguarded.”
He said “this project represents more than a hotel. It represents a partnership, a trust, and a long-term vision for sustainable value creation. We thank Radisson for its global expertise and operational excellence. Edison is fully committed to ensuring that the asset performs strongly, operates efficiently, and delivers lasting value to its owner.”
Mr. Wada Ahmed Wada who represented the Attorney‑General of the Federation described the signing ceremony as historic and wished the parties success in their business relationship.
0 comments:
Post a Comment