FCTA boosting infrastructure to attract more investments – Wike

Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, says the FCT Administration is improving infrastructure in the territory to enhance investment opportunities.

Wike stated this at the first edition of the Abuja Business and Investment Summit, 2024, in Abuja on Wednesday.

The summit was organised by the Abuja Investment Company Ltd (AICL) with the theme, “Optimising Investments through Partnership.”

The minister said that the FCTA recognised infrastructure as the backbone of any successful investment.

“That is why we have prioritised the development of roads, transportation networks, and utilities to ensure seamless connectivity within the territory.

“From bustling urban areas to our beautiful rural communities, we are committed to improving infrastructure to enhance accessibility and attract investments,” he said.

The Minister disclosed that plans have been concluded to inaugurate nine major projects across the territory.

The move, according to him, will undoubtedly enhance investment opportunities across the territory.

In his keynote address, Gov. Charles Soludo of Anambra, emphasised the importance of investing in education, particularly in technical and vocational training.

Soludo also stressed the need for government at all levels to provide jobs for the people.

“This is to ensure that we unleash the potential of our young people, so they can contribute meaningfully to our economy.

“It is also important to note that the sustainability of Nigeria’s investments lies in empowering its people.

“If we don’t give our youth the tools to participate in tomorrow’s economy, they will become a liability and the rich will not sleep peacefully if the poor are restless,” the governor said.

The governor further called for a renewed focus on sustainable investments for inclusive growth that benefited the entire population.

He pointed out that while foreign investments were important, not all are beneficial, stressing that not all investments are good.

“We must, therefore, ensure that any investment coming into Nigeria is a win-win situation.

“This is because many come with proposals, but they don’t serve our long-term interests. We have to be strategic,” he added.

Soludo equally stressed the need for Nigeria to empower local industries, particularly manufacturing, which can generate sustainable jobs and reduce reliance on imports.