FCT Minister Nyesom Wike FCT Minister Nyesom Wike

Minister of the Federal Capital Territory Administration (FCTA), Nyesom Wike, has reaffirmed his commitment to creating Nigeria’s most investor-friendly business environment, saying Abuja is fully open for credible local and international investment.

He however warned that land speculators, fraudulent developers and individuals who undermine the Abuja Master Plan would find no refuge in the territory.

Speaking at the opening ceremony of the Abuja Business and Investment Expo 3.0, organised by Abuja Investments Company Limited (AICL) in Abuja, the minister stated that the ongoing transformation of the nation’s capital under the Renewed Hope Agenda of President Bola Ahmed Tinubu, has laid a solid foundation for sustainable economic growth driven by private sector investment.

Wike, who spoke through the FCT Minister of State, Dr Mariya Mahmoud, added that infrastructure remains the bedrock of economic development, noting that the FCTA has embarked on an unprecedented programme of road construction, urban renewal, water supply expansion, transportation infrastructure, healthcare and educational development aimed at positioning Abuja as Africa’s preferred investment destination.

He said the administration has moved beyond promises to delivering tangible results through the completion of abandoned projects, the opening of new development corridors and the extension of critical infrastructure to satellite towns and Area councils.

The minister added  that the FCT’s impressive performance in the 2025 Presidential Enabling Business Environment Council (PEBEC) Subnational Ease of Doing Business assessment, where the territory ranked fourth nationally with a 61 per cent performance score, reflects the administration’s determination to improve governance and simplify investment processes.