Minister of the Federal Capital Territory (FCT), Nyesom Wike, has reaffirmed the commitment of the Federal Capital Territory Administration (FCTA) to making Abuja Nigeria’s leading investment destination, assuring both local and foreign investors of a transparent, secure and business-friendly environment.
Speaking at the opening of the Abuja Business and Investment Expo (ABIE) 3.0 in Abuja, Wike, represented by the Minister of State for the FCT, Dr Mariya Mahmoud, warned that the administration would no longer tolerate land speculators, fraudulent developers or individuals violating the Abuja Master Plan. He stressed that the government would enforce regulations to protect genuine investors and strengthen confidence in the Abuja investment landscape.
The minister said the transformation of the capital city under President Bola Tinubu’s Renewed Hope Agenda has created a strong foundation for sustainable economic growth driven by private sector participation. He highlighted ongoing investments in roads, water supply, transport, healthcare, education and urban renewal, noting that abandoned projects have been revived while new development corridors and critical infrastructure are expanding into satellite towns.
According to Wike, Abuja ranked fourth nationwide in the 2025 Presidential Enabling Business Environment Council (PEBEC) Subnational Ease of Doing Business assessment, scoring 61 per cent. He attributed the achievement to reforms in land administration, digital governance, revenue collection and institutional accountability.
“We will not stop until Abuja becomes Nigeria’s foremost investment destination and one of Africa’s most competitive business hubs,” he said. He added, “Ease of doing business does not mean the absence of regulation. We will support and protect genuine investors, but we will not protect land speculators, fraudulent developers or businesses that disregard the law.”
Wike identified real estate, agriculture, transportation, healthcare, education, tourism, renewable energy, technology, waste management, urban infrastructure and the creative industry as key investment sectors. He urged investors to explore opportunities in emerging districts and satellite towns, expressing confidence that stronger government and private sector collaboration would accelerate Abuja’s economic growth.
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