The Minister of the Federal Capital Territory, Nyesom Wike, on Wednesday declared Abuja “open for business,” assuring local and foreign investors that the Federal Capital Territory Administration would protect genuine investments while taking action against land speculators, fraudulent developers and businesses that violate development regulations.
Speaking at the opening of the Abuja Business and Investment Expo 3.0 organised by the Abuja Investments Company Limited, Wike said the administration’s ongoing infrastructure drive and reforms in land administration were positioning the nation’s capital as Nigeria’s leading investment destination and one of Africa’s most competitive cities for business.
Speaking on the theme, “Building Nigeria’s Capital: Investment as a Catalyst for Economic Growth,” the minister said the FCT Administration had moved beyond making promises to investors by delivering visible infrastructure projects across the territory.
He said, “The Federal Capital Territory is open for business. The FCT Administration is ready to partner with investors who possess the technical capacity, financial strength, experience and integrity required to deliver successful projects. We will continue to provide the infrastructure necessary for businesses to operate and grow. In return, investors must fulfil their obligations, meet agreed standards, deliver projects within established timelines and ensure that their investments create value for the people of the Federal Capital Territory.”
