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Industrial Park Will Be Ready Soon In Abuja, Minister Assures

FCT MInister, Muhammad Musa Bello

Minister of the Federal Capital Territory (FCT), Malam Muhammad Musa Bello, has given assurance that the Industrial Park phase 2 at Idu in Abuja will soon be ready for the use of local and foreign investors.

The minister, who gave the assurance today, Tuesday, at the FCT Day of the Economic Recovery and Growth Plan (ERGP) Focus Labs at the Abuja Sheraton Hotel, stressed that his government is determined to ensure early completion of the Industrial Park as part of efforts towards the restoration of the Nigerian Economy and to make it globally competitive.

The minister said that it is with such determination that has led to the setting up of a team that had so far held direct talks with investors for the purpose of addressing inter-agency problems that can slow down investment in the Territory.

The team comprised the Permanent Secretary, Christian Chinyeaka Ohaa, Executive Secretary FCDA, Engr.  Umar Gambo Jibrin, Chief of Staff, Bashir Maibornu and other relevant top functionaries.

Top among the investors in the team is Zeberced, a Turkish investment giant that is presently constructing the second phase of the Idu Industrial Park. The 245-hectare Park is expected to provide over 170 industrial plots of land for various categories of investors from manufacturing to retail marketing as well as create thousands of jobs.

During the discussions the uncompleted access road to the Park was identified as a major hindrance to prospective investors.

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The minister and the minister of State for Budget and National Planning, Zainab Ahmed, agreed to work together to mobilise funds 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 Lab.

Major investors in World Health Organization (WHO) certified Pharmaceutical manufacturing, Liquefied Petroleum Gas and footwear manufacturing, who all sought for land allocation to set up their industries, were all linked up with the industrial park developer for location of their businesses.

The FCT minister also directed the Abuja Investment Company to facilitate all the linkages and ensure that investors who have also expressed interest in the Abuja Technology Village (ATV) were also 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% by 2020; invest in the Nigerian people and improve their living standards as well as build an economy that is globally competitive.