Leadership (Abuja)
20 November 2008
The Supervising Minister of the Federal Capital Territory (FCT), Mr. Remi Babalola, has reiterated his determination to engage investors to address issue of infrastructure in the territory.
Babalola stated this at the FCT executive committee meeting, adding that the Federal Government would hold discussions with over 150 local and foreign investors, including banks, as part of measures to make Abuja a major business and cultural city in Africa.
He added that government would engage investors at a business and investment round-table being organised by the Economist Conferences on ways to redress the infrastructural gap in the territory.
The minister noted that the Abuja Business and Investment Round-table was aimed at highlighting the FCTA plans to further urbanise the region as evidenced by the series of ongoing construction and infrastructure projects in the territory.
According to the him, "the event will also demonstrate the role of the private sector to support the initiative, especially to improve the infrastructure level in the territory and by extension, achieve a hub status for Abuja."
Babalola further revealed that President Umaru Musa Yar'Adua would address the Abuja Business and Investment Roundtable, adding that the forum would also provide a platform for him to present the FCT administration's infrastructure projects in order to attract fund from private investors and other partners.
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