The first World Trade Center in the world was launched in New York in 1973. Today, over 90 countries have World Trade Centers with less than 12 in Africa and less than 3 in West Africa. The Indian Mahtani Brothers promised to deliver the first World Trade Center to Nigeria at the Abuja Central Business District. The Mahtani brothers made billions of Naira from their business and government dealings in Nigeria. Read: How the Manshaudani Billionaires Changed Their Last Name To Mahtani.
During the era of financial success for the brothers, they dreamed of establishing Nigeria’s first World Trade Center (WTC). The Abuja WTC has been under development since 2010 with support from various investors. The entire project will cost over 200 Billion Naira. The project is being led by Churchgate Group, owned by the Mahtani Brothers. The Mahtani Brothers initially pledged to deliver the first World Trade Center in Abuja by 2013 and later by 2016. There has been no updates from the WTCA website since 2015. With many international companies exiting Nigeria the past 5 years, it is a difficult time for the Mahtani brothers to raise more capital to rapidly complete the World Trade Center Abuja. Read: 5 Large Multi-National Companies That Exited Nigeria In The 2010s.
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