Wike To Partner Cuba, Mexico On Investment In FCT

Federal Capital Territory (FCT) Minister, Nyesom Wike has said that there are several opportunities for investments in Abuja, and that foreign countries with genuine proposals would be given accelerated consideration on investment partnership.

Wike made this known yesterday when he played host to the ambassadors of Cuban and Mexico to Nigeria in two separate meetings.

The minister informed the Cuban ambassador, Miriam Morales Palmero, that Nigeria would like to leverage Cuba’s medical breakthrough in the development of anti-malaria drugs.

He also said that the FCT has enough arable lands for agriculture, that the administration would support any genuine collaboration that would ensure the development of the sector.

The Cuban ambassador, Palmero, disclosed that some Cuba-based pharmaceutical company, have expressed interest in investment in Abuja and Nigeria had signed agreement with the company in 2016 as part of efforts to eliminate malarial.

She also added that investors from her country would like to partner with the FCT Administration in the area of agriculture, tourism and job creation.

In a related development, Wike told the Mexican ambassador, Alfredo Miranda Ortiz, that President Bola Tinubu has dismantled bureaucratic bottlenecks that were hindrances to investments in the country.

The minister who also said that he has started refraining from signing Memorandum of Understanding (MoU) without positive actions, noted that he awaits serious foreign investors who wants to tap into the vast opportunities in Abuja.

“Mexico is a country noted for agriculture and we would like to partner with country that will add value to our economic development. I am tired of signing MoU, I want actions that will bring benefits to the country,” he said.