Direct Investment: Arabian Gulf Chamber Of Commerce Commends FCT Minister

The President of the Nigerian Arabian Gulf Chamber of Commerce, Mr Mahmoud Ahmaduf, says efforts by the Nigerian Federal Capital Territory Administration (FCTA) to attract direct foreign investment to the FCT is yielding positive results.

This is coming in the wake of the presentation on investment opportunities in the Territory, made by the FCT Minister, Malam Muhammad Musa Bello, during the Nigerian Investment Forum at the Dubai Expo held on 5th March, 2022.

The President of the Nigerian Arabian Gulf Chamber of Commerce, Mr Mahmoud Ahmadu, led a visiting delegation of the Chamber to the FCTA, as a follow-up to the Minister’s Presentation, on Thursday, 17th March 2022.

According to Mr Ahmadu, after Malam Bello’s presentation at the Forum which focused largely on business opportunities in transportation, tourism, waste management, and construction, potential investors at the Forum showed great interest in the business opportunities in the FCT and hence the immediate visit by the Chamber to begin preparations for possible visits by potential investors to the FCT.

The Minister was able to give us a very brilliant presentation, so much so that after he left, we got a lot of interests”.

“Prior to his presentation, we had few people that were  interested in  investing in Nigeria, but this changed after the presentation that he did and surprisingly, the Emirati media recorded it, and it’s getting a lot of interest from different groups of people interested in coming, Mr Ahmadu added.

According to Mr Ahmadu, several investors are eager to come to Nigeria and are especially interested in the FCT light rail project, the cultural center as well as waste management, amongst others.

“The Chamber is ready to facilitate such investment visits to the FCT,” he said.

In his response, the FCT Minister said that the FCT Administration was ready to work with the Chamber to improve the investment opportunities in the FCT and revealed that the newly created Economic Planning, Revenue Generation and PPP Secretariat will be in the forefront of such investment programmes and projects.

He explained that foreign investments in the waste management, light rail and tourism sectors were quite welcome because the government alone cannot optimally fund the development of these important sectors.

Also at the meeting were the Executive Secretary, FCDA, Engr Shehu Hadi Ahmed; Secretary for Transport, Hon Zakari Angulu; Senior Special Assistant on Security, Amb. A. S Muhammed; and other officials of the FCTA as well as the Nigerian-Arabian Gulf Chamber of Commerce.(FRCN)

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