April 18, 2018

The FCT Minister, Malam Muhammad Bello has assured investors of the administration’s determination to ensure early completion of the Industrial Park Phase 2 at Idu, as part of its industrial drive.

Bello gave the assurance on Wednesday in Abuja at the FCT Day of the Economic Recovery and Growth Plan (ERGP).

According to him, the measure is part of the Federal Capital Territory Administration (FCTA) efforts toward the restoration of the country’s economy and to make it globally competitive.

He said the FCTA team had held direct talks with investors in order to address any inter-agency problems that could hinder or slow down investment in the territory.

The News Agency of Nigeria (NAN) gathered that the team met the investor such as Zeberced, a Turkish investment giant that is presently constructing the second phase of the Idu Industrial Park.

NAN also reports that the 245-hectare park is expected to provide over 170 industrial plots of land for various categories of investors from manufacturing to retail marketing in order create thousands of jobs.

The discussions identified the uncompleted access road to the park as a major hindrance to prospective investors.

The FCT Minister and the State Minister for Budget and National Planning, Hajia Zainab Ahmed had agreed to work together to mobilise funding for the completion of the road.

The collaboration and understanding achieved between Zeberced and the two ministers also paved way for the resolution of issues concerning other investors who made presentations at the event.

Other major investors such as a pharmaceutical manufacturing company, Liquefied Petroleum Gas company and footwear manufacturing company have all been linked up with the industrial park developer for location of their businesses.

Bello had also directed the Abuja Investment Company to facilitate all the linkages and ensure that investors who had also expressed interest in the Abuja Technology Village (ATV) were provided with necessary support and guidance.

The ERGP Focus Labs being organised by the Ministry of Budget and National Planning aims at achieving three cardinal goals namely- restore growth in the economy to a positive path and sustain it to at least 7 per cent by 2020.

It also aims to invest in the Nigerian people and improve their living standards as well as build an economy that is globally competitive.