The Abuja Infrastructure Investment Expo initiative has received the approval of the Minister of the Federal Capital Territory (FCT), Nyesom Wike.
The initiative aims to attract investment in strategic areas to enhance development in Abuja.
The expo is aligned with President Bola Tinubu’s Renewed Hope Agenda and seeks to leverage partnerships with the private sector for accelerated development.
The Senior Special Assistant (SSA) on legal and multilateral cooperation to the Minister, Benedict Daudu, emphasized the global trend of governments partnering with the private sector for development.
He said: ”The expo is designed to appeal to local and foreign investors, fostering collaboration with the FCT under the Public Private Partnership (PPP) framework.
The event is anticipated to contribute to realising Abuja’s potential as a smart city. Inviting investors to participate in infrastructure development aims to address deficits and bring about unparalleled growth in various districts or communities within the FCT.
He stated that the committee responsible for overseeing the Abuja Infrastructure Investment Expo is tasked with fast-tracking the event, ensuring that it aligns with the vision of Wike for the FCT.
”The focus on infrastructure is considered a novel approach, acknowledging that the government alone cannot meet all the developmental needs.
”The expo is expected to open up opportunities for investors to contribute to the development of critical areas, including tourism, which has the potential to become a significant revenue generator for the FCT Administration.
”This initiative reflects the commitment to proactive measures for sustainable development, and it encourages collaboration between the public and private sectors to drive growth in the nation’s capital,” Daudu said.