By Hudu Yakubu AbujaLast updated Sep 24, 2023
The authority of the Federal Capital Territory Administration, FCTA, has assured foreign investors who have an interest in investing in the nation’s capital, Abuja to feel free to do so.
The Minister of State for Federal Capital Territory (FCT) Dr Mariya Mahmoud who represented the FCT Minister, Barrister Nyesom Wike, stated this in the just concluded Africa International Trade Exhibition meeting in Midtown, New York, United States of America,
Dr. Mahmoud said that the Administration will always evolve measures that would bring about effective economic programmes and policies that will create a conducive business environment for the investors.
She listed major areas that the administration and residents need most including Agriculture, tourism, infrastructure development, transportation, healthcare, waste management and the hospitality industry. She explained that the participation of FCTA in the investment summit has opened up more opportunities for Foreign Direct Investment (FDI) into the territory.
The Minister said Abuja Investment Company Limited and Abuja Infrastructure Investment Centre will be driving the initiative for easy implementation.
According to her; “The administration’s participation in the investment summit was very important. The summit offers us the opportunity to present the investment opportunities in FCT, and a greater opportunity to talk about the potential in the agricultural sector.
“It was a platform to call on our people, especially the people in the diaspora, to come on board and assist us to tackle the issue of food insecurity.
“And then we have tourism, infrastructure development, transportation, and healthcare, waste management and hospitality industry. All these are areas where people can come and invest. And we really need collaboration and public partnership because without collaboration, without partnership we cannot achieve what we want to achieve”.
Mahmoud, also used the forum to seek huge investments in affordable housing, noting that the Administration is poised to improve the socio-economic status of the masses in line with the renewed hope agenda of the present administration.
The summit had a theme: “The imperative of global trade for African SMEs as a game changer for the continent’s future prosperity”.
