Minister of the Federal Capital Territory (FCT), Malam Muhammad Musa Bello, has called on foreign investors to explore the huge investment opportunities, especially in solar power generation and processing of agricultural products for local consumption and export, and set up businesses in the FCT.
Speaking when he received the Siraya International Company, from Thailand, in his office, Bello informed the visitors that relevant FCT agencies like the Abuja Investment Company Ltd, the Abuja Enterprise Agency as well as the Abuja Chamber of Commerce, have been strengthened to make the process of investing in Abuja much easier for both local and foreign investors.
He noted that the federal government’s policy to discourage rice importation has opened up the business landscape for rice mills and other agricultural value chain, where Thailand has comparative advantage, just as he urged the company to invest in the domestic production of rice mills and processing among others.
The minister also noted that maize, soya beans and cashew farmers in the FCT, require investments and partnerships in processing and branding these products for export, even as he urged the group to leverage their experience and expertise in this field to fill the gap.
“We produce soya beans, but we don’t consume much of it. So, if your country is interested this is an area, you can partner and encourage our small scale farmers through improved seeds and fertilizer, so that you get the quality that is desired.”
Bello pointed out that the investment opportunities also exist in solar power generation, adding that the demand for solar power by households and institutions in the FCT are on the increase.
Earlier, the leader of the global economic development group, Prof. Shah Siraji, had promised to bring investors who would set up businesses in the country, using the mix of foreign expertise and local labour.
Prof. Shah disclosed that the team has business experts that are ready to collaborate with the FCT Administration in the areas of construction, transportation, communication, agriculture, solar power systems fertilizer and even household items.