Metro

Minister eyes more foreign investment opportunities in FCT 

By Daniel Tyokua 


The Minister of the Federal Capital Territory mallam Muhammad Bello said he was keen on attracting more foreign investment opportunities in the nation’s capital, Abuja.


This followed the presentation on investment opportunities in the Territory, by the Minister during the Nigerian Investment Forum at Dubai Expo 2020, recently.


This was disclosed by the President of the Nigerian Arabian Gulf Chamber of Commerce, Mr Mahmoud Ahmadu, who led a visiting delegation of the Chamber to the FCTA, as a follow-up to the Minister’s Presentation last week.
Ahmodu, after Malam Bello’s presentation at the Forum which focused largely on business opportunities in transportation, tourism, waste management, and construction, potential investors at the Forum showed great interest in the business opportunities in the FCT and hence the immediate visit by the Chamber to begin preparations for possible  visits by potential investors to the FCT.


According to Ahmadu : “The Minister was able to give us a very brilliant presentation, so much so that after he left, we got a lot of interests”.


“Prior to his presentation, we had few people that were  interested in  investing in Nigeria, but this changed after   the presentation that he did and surprisingly, the Emirati media recorded it, and it’s getting a lot of interests from different groups of people interested in coming” he added.


Ahmadu explained that several investors are eager to  come to Nigeria and are especially interested in the FCT light rail project, the cultural center as well as waste management amongst others, which he said the Chamber is ready to facilitate such investment visits to the FCT.


In his remarks,  the Minister of FCT said that the FCT Administration was ready to work with the Chamber to improve the investment opportunities in the FCT and revealed that the newly created Economic Planning, Revenue Generation and PPP Secretariat will be in the forefront of such investment programmes and projects.


He explained that foreign investments in the waste management, light rail and tourism sectors were quite welcome because the government alone cannot optimally fund the development of these important sectors.

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