FDI: FCT Minister’s efforts yielding positive results

FDI: FCT Minister’s efforts yielding positive results
March 20 13:22 2022 Print This Article

Efforts by the FCT Administration to woo Direct Foreign investment into the Federal Capital Territory is yielding positive results.

This is coming in the wake of the presentation on investment opportunities in the Territory, made by FCT Minister, Malam Muhammad Musa Bello, during the Nigerian Investment Forum at Dubai Expo 2020 on 5th March 2022.

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, on Thursday, 17th March 2022.

According to Mr. 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.

In the words of Mr. Ahmadu, “The Minister was able to give us a very brilliant presentation, so much so that after he left, we got a lot of interest”.

“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.

According to Mr. Ahmadu, 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. The Chamber is ready to facilitate such investment visits to the FCT, he said.

In his response, the FCT Minister 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 at the forefront of such investment programs 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.

Also at the meeting were the Executive Secretary, FCDA, Engr Shehu Hadi Ahmed, Secretary for Transport, Hon Zakari Angulu, Senior Special Assistant on Security, Amb. A. S Muhammed and other officials of the FCTA as well as the Nigeria Arabian Gulf Chamber of Commerce.

 

 

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