Abuja
From The Report: Nigeria 2019
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Home to the national capital Abuja – one of the fastest-growing cities in Africa – the Federal Capital Territory has risen to become a significant investment destination in recent years. Supported by rapid population growth, rising GDP and expanding household consumption, a wide offering of opportunities have arisen across construction, mining, agriculture, ICT and real estate. However, rapid urbanisation presents serious challenges. The ongoing prioritisation of transport and infrastructure spending, coupled with efforts to increase private sector investment in real estate go some way towards addressing these issues. However, more remains to be done to further increase private sector involvement in large-scale infrastructure projects and to leverage the territory’s manufacturing potential.

This chapter contains an interview with Muhammad Musa Bello, Minister of the Federal Capital Territory.

Articles from this Chapter

Overview

Keys to the city: Rapid urbanisation in one of the continent’s most prosperous cities drives investment in infrastructure and real estate
OBG
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Home to the national capital Abuja – one of the fastest-growing cities in Africa – the Federal Capital Territory (FCT) has risen to become a significant investment destination in recent years. Supported by rapid population growth, rising GDP and expanding household consumption, a wide offering of opportunities have arisen across construction, mining, agriculture, ICT and real estate. However, the region faces a number of bottlenecks to its continued development. While road and ICT infrastructure…

Interview

Connecting territories: Muhammad Musa Bello, Minister of the Federal Capital Territory, on establishing nationwide regional links
OBG
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Interview:Muhammad Musa Bello What measures is the Federal Capital Territory Administration (FCTA) taking to increase foreign direct investment in Abuja? MUHAMMAD MUSA BELLO: First and foremost, we have articulated investment opportunities in the city. We have also established strong institutional frameworks to help prospective investors. The Abuja Investments Company as well as the Abuja Infrastructure Investment Centre are charged with this mandate. These agencies have a mandate to canvas…

Analysis

Grand designs: Efforts are under way to increase private investment and leverage bilateral partnerships to deliver new infrastructure
OBG
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Following prolonged population growth, infrastructure networks in the Federal Capital Territory (FCT) are facing unprecedented demand. A series of new and ongoing works are set to expand the network, and the proposed 2018 budget of the FCT Administration (FCTA) focuses much of its expenditure on infrastructure and transport projects. Nevertheless, public spending is set to fall short of rapidly increasing demand, highlighting the need to further explore alternative funding models. There…