By Eunice Orike
President Bola Tinubu has assured local and foreign investors that Nigeria is open for business, saying that the Federal Government is strengthening legal, financial and administrative frameworks to protect investments while ending land speculation and abandoned projects in the Federal Capital Territory, FCT.
Tinubu, represented by Vice President Kashim Shettima at the launch of the Abuja City Walk Sales Office and Experience Centre on Thursday in Abuja, said that the administration is creating an enabling environment for private investment to drive economic growth, infrastructure development and job creation.
According to him, the Abuja City Walk project is one of the most ambitious private-sector investments in Nigeria’s history and demonstrates the government’s commitment to transforming Abuja into a world-class destination for commerce, tourism and modern living.
He said the project, located along the Abuja Airport Expressway corridor, would become a major gateway for business and investment while showcasing what can be achieved through collaboration between government and the private sector
“Today, we are not just opening a building. We are unveiling the window to a multi-billion-dollar future, we are presenting a tangible manifestation of our Renewed Hope Agenda,” he said.
The President noted that the corridor had been granted Free Trade Zone status to encourage regional commerce, medical tourism, premium retail businesses and high-end hospitality, while removing barriers that discourage investors.
He assured both domestic and international investors that their investments would be protected, adding that the government is continuously improving policies to eliminate unnecessary bureaucracy and create a stable business environment.
Tinubu commended the Minister of the Federal Capital Territory FCT, Nyesom Wike for his commitment to project execution and reforms that have revived the Abuja Technology Village corridor after about two decades of inactivity.
He said that the administration was gradually ending the era of land speculation and abandoned projects in Abuja, stressing that the government’s land must be used for development rather than left idle for speculative purposes.
“Land is an asset for rapid development, not an instrument for developmental retrogression and speculative hoarding,” he said.
The President urged the FCT Administration and the project’s developers, MAG International Links, to sustain the pace of work, insisting that the opening of the sales office should immediately translate into accelerated construction on site.
He said that beyond luxury homes, hotels and office towers, the Abuja City Walk project would serve as a major economic driver by creating tens of thousands of direct and indirect jobs for young Nigerians, artisans, engineers and other skilled professionals.
According to him, the development would also stimulate businesses across the construction, manufacturing and technology value chains, boosting economic activities within the FCT and neighbouring states.
Tinubu also said that Nigeria’s youthful population remains one of its greatest strengths, noting that with an average age of about 18 years, the country possesses enormous human capital capable of driving future global economic growth if properly harnessed.
He described the Abuja City Walk as an invitation to investors to participate in Nigeria’s future and a symbol of the government’s determination to turn bold ideas into reality.
