• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, July 29, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

‘Kugbo Int’l Market To Boost Economic Activities In FCT’

by Elijah Samson and Hosea Yusuf
10 months ago
in Business
Share on WhatsAppShare on FacebookShare on XTelegram

The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has commended the managing director/CEO of Abuja Investment Company Limited (AICL), Amb. Maureen P. Tamuno, for completing Phase 1 of the Kubwa International Market in Abuja.

Advertisement

Speaking during an inspection of the first phase of the market yesterday in Abuja, Wike emphasised that the market will not only enhance economic activities but also attract local and international investments into the FCT, in line with President Bola Ahmed Tinubu’s Renewed Hope agenda.

The minister highlighted the importance of encouraging investment in international markets.

He expressed concern over encroachments and substandard structures and directed the development control team to immediately demolish any illegal structures obstructing road corridors around the market area.

He urged contractors to channel more funds to ensure the full realisation of the market project. “I asked the contractors when they expect the entire project to be completed, and they reassured me that by January 2025, it will be finished. Once the first phase is completed, we will open it for traders currently operating on the roadside to move into the new market and expand their businesses,” he said.

RELATED

Dangote Cement

Dangote Cement Grows Nigeria’s Exports By 18.2%, Records N520.5bn Net Profit

10 hours ago
Dropped Luggage: Foreign, Local Airlines Must Pay $170, N10,000 Compensation, Says NCAA

Dropped Luggage: Foreign, Local Airlines Must Pay $170, N10,000 Compensation, Says NCAA

10 hours ago

He also stressed the need to support traders: “We will do everything possible to assist our people, especially those who have not yet shown interest in the market. We will help them through empowerment programs under President Bola Ahmed Tinubu’s Renewed Hope agenda.”

The minister added that the government would provide additional support to ensure smooth relocation to the market, expressing satisfaction with the progress made. He remarked, “This market will create more economic activities and employment opportunities for our youths and decongest the roads, as traders will have a proper place to conduct their businesses.”

Meanwhile, Maureen P. Tamuno, the managing director/CEO of AICL, revealed that Phase 1 of the market covers approximately 8 hectares, with an additional 4.8 hectares still to be developed.

She stated that the Kubwa International Market will address congestion issues experienced in roadside markets around Abuja, featuring about 5,312 shops with solid infrastructure and well-constructed road networks.

Tamuno said, “This market will significantly stimulate economic growth by attracting traders from across Africa and Nigeria. It will create job opportunities for Nigerians and contribute to the economic development of Abuja and the nation.”


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




SendShareTweetShare
Previous Post

ASUU Threatens Strike, Issues Federal Gov’t 14-day Ultimatum

Next Post

21m People May Die From Climate Change Impact By 2050 – Report

Elijah Samson and Hosea Yusuf

Elijah Samson and Hosea Yusuf

You May Like

Dangote Cement
Business

Dangote Cement Grows Nigeria’s Exports By 18.2%, Records N520.5bn Net Profit

2025/07/29
Dropped Luggage: Foreign, Local Airlines Must Pay $170, N10,000 Compensation, Says NCAA
Business

Dropped Luggage: Foreign, Local Airlines Must Pay $170, N10,000 Compensation, Says NCAA

2025/07/29
Large-cap Stock Drives Local Bourse To N180bn Gains
Business

Stock Market Opens Week Bullish With N400bn Gain

2025/07/29
MONEY MARKET: Assessing MPC’s Interest Rate Hike To Address Inflation
Business

Inflation: MAN Demands Interest Rate Cut

2025/07/29
Lufthansa’s Offload Of Passengers, Luggage Unrelated To Shorter Runway – Airport Official
Business

Lufthansa’s Offload Of Passengers, Luggage Unrelated To Shorter Runway – Airport Official

2025/07/29
air peace
Business

Air Peace Hosts Leadership, Customers’ Retreat For Management Team

2025/07/29
Leadership Conference advertisement

LATEST

Ogun Gov’t Warns Violators, Vows To Enforce Anti-Open Grazing Law

Kaduna Gov Sacks Info Commissioner, Names Maiyaki As Replacement

ASUU Awards Scholarships To 7 ATBU Indigent Students

NiDCOM Boss Calls For Calm Over Ghanaians’ Protest Against Nigerians

Group Kicks Over Inclusion Of Urhobo Land In Tantita Pipeline Surveillance Contract

Stray Elephant Kills Middle-aged Farmer In Ogun

Dangote Refinery Withdraws ₦100bn Lawsuit Against NMDPRA, NNPC, Oil Marketers

Tinubu Listens, Adjusts, Responds To Nigerians On Reforms, Says VP Shettima

WAFCON: Morocco Petitions CAF Over Super Falcons’ Victory

Gov Lawal Appoints Abdulkadir Bello As New Emir Of Gusau

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.