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Abuja has tremendous investment prospects – Minister

By on May 4, 2013

The Minister of State for FCT, Ms Olajumoke Akinjide, on Friday said Abuja had great business potentials for investors.

Akinjide said this while receiving delegates from the City of London, who were in Nigeria on a trade visit.

She said the FCT had “tremendous investment prospect” in various areas, including waste management, urban transformation, affordable housing and tourism development, among others.

“We have in place generous incentives that make Abuja an investors’ haven, we are waiting for London business men to come on board,” the minister said.

She said that out of the 18 satellite towns in the territory, only three were being developed, while the remaining were yet to be provided with the necessary infrastructure.

She said that the Federal Government was focused towards attracting Foreign Direct Investors to Nigeria.

“The government is working to reverse the malaise of collapsing infrastructure, which dogged the country for decades.”

Akinjide said the FCT’s transformation agenda was aimed at placing Nigeria among the 20 leading global economies by the year 2020.

The minister said that the 37-floor World Trade Centre under construction, when completed, would spur businesses, improve Abuja skyline and boost the economy.

She said that the Abuja light rail project was on track and would be completed by 2014, adding that on completion, the rail  would handle two million passengers daily.

Akinjide said that each of the rail stations was designed to be a business centre, comprising of shopping malls and land for foreign investors.

In his speech, the Mayor of London, Hon. Roger Gifford, commended the FCT for the effort to improve the territory.

He said there were more than 200 thousand Nigerians living in London, adding that London was a multi-cultural city that had people from other parts of the globe.

Gifford said that no less than five Nigerian banks were operating in London, adding that the city would open a new page of business with Nigeria.

“We look up to the opportunity to work with Nigeria,” he said.

[Daily Times]