Thursday, 11 October 2012

FCTA Seeks Foreign Direct Investment to develop Abuja

 The FCT  Minister, Senator Bala Mohammed, has urged  foreign investors to avail themselves of the investment opportunities offered by the administration's concept of Public Private Partnership (PPP) to develop the capital territory

The Minister made this call in Abuja at a ceremony marking the “FCT Day” at the ongoing seventh Abuja International Trade Fair held at the J.T. Useini Trade Fair Complex.

Senator  Mohammed, who was represented by the Minister of State for FCT, Olajumoke Akinjide, explained that the PPP concept was currently being executed through Joint Ventures (JV) and Build Operate and Transfer (BOT) as exemplified in the Abuja Mass Transit System and Housing Development. 

He listed the priority sectors for investments under the FCT Road Map to include: New Districts/Engineering infrastructure, Housing Development, Satellite Towns Development, Agriculture, Industrial Development, Tourism Small and Medium Enterprises as well as Youth development.

He assured that the FCT Administration would continue to put in place the right mix of structures to ensure that residents, entrepreneurs, business and public services compete as an emerging global economic centre. 

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