Nyesom Wike, Minister of the Federal Capital Territory (FCT), on Wednesday, said his administration was streamlining business processes to make it easier for investors to operate in Abuja.
Mr Wike stated this at the first edition of the Abuja Business and Investment Summit, 2024, organised by the Abuja Investment Company Ltd (AICL).
The minister said the FCT Administration has undertaken significant measures to create an enabling environment for local and foreign investors.
He said 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,” the minister said.
Mr 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.
(NAN)
