A Nigerian company is betting $100m on motor sport becoming popular in the country
Upon completion, the race track will be the first in West Africa.
The proposed $100 million project is part of the Ogun State Motorsport (OSM) initiative developed by EMC3.
According to the project's brief, OSM is planned to be a motorsport and Leisure facility. Also, the project is expected to help the development of motorsport in Nigeria.
Baba Epega, EMC3 Chairman and Founder, said the aim of the project to use sport as a vehicle for job creations and tourism development for Nigeria.
“The 500Ha development is also expected to include other sports and leisure activities zones as well as onsite accommodation to support the development and create a new exciting attraction for the people of Ogun State and Nigeria.”
“There is a large scope for Manufacturers and Automotive Companies to get involved as there will be training institutions, showrooms and test centres in the Racetrack complex,” Epega said about the project.
South Africa and Namibia are the only countries with functional motorsport racing tracks in Africa. 18 of these racing tracks are in South Africa.
Nigeria joined the motorsport race league with the Eleko Motor Race held on December 17, 2016.
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