Sarah NEGEDU
Investors from Arab Gulf states are beginning to show interest to invest in the FCT light rail project, waste management, amongst other business opportunities abound in Nigeria’s capital.
This is coming in the wake of the presentation on investment opportunities in the territory, made by FCT minister, Malam Muhammad Bello, during the Nigerian Investment Forum at the recent Dubai Expo 2020.
President of the Nigerian Arabian Gulf Chamber of Commerce, Mr Mahmoud Ahmadu, said the Minister succeeded in dispelling all doubts potential investors had about Nigeria and convincing them on the business potentials in the territory.
Ahmadu, who led a delegation of the Chamber to the FCTA as a follow-up to the minister’s presentation, said the arrangement will attract huge foreign investment into the FCT.
According to 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 interests from different groups of people interested in coming” he added.
Responding, the FCT minister said that the administration is ready to work with the Chamber to improve the investment opportunities in the FCT.
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.
