The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, says FCT is open for business and streamlining processes to make it easier for investors to set up and operate.
Wike stated this in Abuja on Wednesday, at the first edition of the Abuja Business and Investment Summit, 2024, with the theme, “Optimising Investments through Partnership.”
The News Agency of Nigeria (NAN) reports that the summit was organised by the Abuja Investment Company Ltd (AICL).
The minister said that the FCT Administration has undertaken significant measures to create an enabling environment for local and foreign investors.
He said that the AICL and the Abuja Enterprise Agency have facilitated partnerships and supported investors and would provide necessary guidance to investors at every step of their investment journey.
He noted the role of security in attracting investors, saying “the safety of your investments is our top priority.
“We have made considerable strides in enhancing security measures across the FCT and collaborated with law enforcement agencies to ensure a secure environment for businesses to flourish.
“We believe a safe and secure environment is fundamental for successful investments, and we will continue reinforcing our efforts in this area,” he said.
Wike said that besides infrastructure and security, the FCT Administration has also focused on fostering innovation and entrepreneurship through inauguration of several initiatives to empower Small and Medium Enterprises (SMEs).
He added that the SMEs, which he described as the backbone of the nation’s economy, were accessing funding, training and resources.
“We plan to cultivate a robust ecosystem that encourages innovation and drives economic growth.
“I invite investors to explore the myriad investment opportunities in the FCT. Whether you are interested in real estate development, technology incubation, or agro-business, there is a place for you here.
“As I await the outcome of this summit, please let us work together to create value, generate jobs, and drive economic growth in the FCT in line with President Bola Ahmed Tinubu’s Renewed Hope Agenda,” the minister said.
He expressed optimism that the summit would exemplify the FCT Administration’s commitment to fostering an investment-friendly environment in the nation’s capital.
He said that the theme of the summit resonates deeply with the vision for the FCT as a thriving hub for business and innovation.
“As we navigate the complexities of today’s economic landscape, it is essential to recognise that the power of collaboration can significantly enhance our investment strategies.
“By forging strong partnerships, we are not only pooling resources but also leveraging diverse expertise and insights that drive innovation and efficiency.
“Abuja is not just the political capital of Nigeria; it is a place of opportunities waiting to be harnessed.
“Our unique position, strategic location, and growing population create a fertile ground for investment across various sectors, including real estate, technology. agriculture, healthcare, tourism, construction mining and renewable energy.
Earlier, Amb. Maureen Tamuno, Group Managing Director/Chief Executive Officer, AICL, said that the summit was organised to promote investment opportunities in FCT.
Tamuno added that the event was also organised to create a platform for networking among investors in Nigeria and beyond.
“I believe that discussions at this event would inspire us to think bigger and push the boundaries of what is possible in business and investment,” she said.
She noted the power of building strong partnerships for a win-win situation for investors and the FCT.
“Together we can optimise our investments and drive the impactful change that our organisations and countries need for economic prosperity,” she added. (NAN)