FCT Minister Wike announces that the Federal Capital Territory is open for business, extending an invitation to investors to explore new opportunities.
Nyesom Wike, the Minister of the Federal Capital Territory, has invited investments in sectors such as real estate, agriculture, tourism, mining, renewable energy, and construction within the FCT. He emphasized that Abuja is ready and open for business opportunities.
During the inaugural Abuja Business and Investment Summit organized by the Abuja Investment Company Limited (AICL) on Wednesday, Wike urged investors to explore the numerous opportunities available in these sectors. The event was held in Abuja to highlight investment prospects within the Federal Capital Territory (FCT).
He noted that the strategic location and increasing population of FCT have fostered an ideal environment for investment in its diverse business sectors. Additionally, he mentioned that the FCT Administration has implemented substantial measures to establish a supportive atmosphere where both local and international investors can flourish.
The minister also revealed plans to initiate nine significant infrastructure projects in the FCT, emphasizing that road and transportation networks have been prioritized to ensure smooth connectivity throughout the territory.
He also mentioned that the FCT Administration has made significant progress in boosting security by working closely with law enforcement agencies, creating a safe environment for businesses to thrive.
The minister added that AICL and the Abuja Enterprise Agency have additionally assisted investors by providing essential guidance throughout every phase of their investment journey in the FCT. He emphasized that procedures have been simplified to facilitate easier establishment of operations for investors.
He encouraged exploration of various investment opportunities in the FCT, noting that there are opportunities for those interested in real estate development, technology incubation, or agribusiness. There’s a place for everyone here.
He also praised Ambassador Maureen Tamuno, the Group Managing Director of AICL, and her dedicated team for organizing the investment summit. He noted that this initiative demonstrates the administration’s commitment to creating an environment conducive to investment in the nation’s capital.
In response to a request for unimpeded business operations in the informal sector of the FCT, Wike emphasized that development and commercial activities must adhere to legal rules and regulations.
He stated, “A city cannot expand successfully without proper planning. Just because you move from a rural area to an urban setting or seek opportunities there does not mean we will disregard the established rules and regulations.”
When you see bulldozers arriving, it’s to ensure compliance with rules and regulations. Many of the settlements you’re referring to are shanties. Building houses without development plans is not permissible; no one should do that.
At times, criminals may exploit and seize control of this situation. For our survival, adhering to the law is essential for everyone.
During his keynote address at the summit, Professor Chukwuma Soludo, the governor of Anambra State, praised the FCT Administration for organizing the investment initiative.
He stated that the summit aligned with the president’s Renewed Hope Agenda and reflected the country’s future direction.
Soludo, however, expressed regret that the country was “not reaching its full potential” in attracting foreign direct investments and urged an enhancement of business facilitation strategies to foster sustainable investments.
Peoplesmind
