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Wednesday, November 10 2004

Vol 13 No.44

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  • New Page 12

    Abuja solid minerals to be tapped soon — Minister

    IN a fresh move to boost its revenue base, the Ministry of the Federal Capital Territory (MFCT) will soon commission a study on solid minerals potentials of the nation’s capital.

    The FCT minister, Mallam Nasir el-Rufai, said that preliminary study, which will be conducted on the minerals base of the area, is to be made available to potential investors in the territory.

    Represented by the Permanent Secretary of the MFCT, Mr. Deji Omotade, the minister made the disclosure at the 5th Abuja National Trade Fair which held at the Abuja Trade Fair complex along the Airport road.

    Mr. Omotade, in his address said that one of the major problems entrepreneurs complain about is the unavailability of the land noting that FCT has responded to it with its land reforms which has liberalised land allocation for business purposes.

    He particularly emphasised that because of FCT’s understanding of land as a vital factor in the development of the potentials of a region.

    He added that the Abuja Investment and Properties Development Company (AIPDC), among other parastatals, have been structured to effectively ensure service delivery to the people.

    The permanent secretary mentioned that opportunities abound for investors in the area of industrial estate, real estate development, tourism and transportation.

    He maintained that FCT in line with the provision in its masterplan, is exploring the possibility of the private sector contributing to its development through a public-private sector partnership in providing infrastructure, development of schools, hospitals and clinic, on build, operate and transfer (BOT) basis especially within the satellite towns and area councils.

    The permanent secretary, was conducted round FCT and other participants pavillions.

    Earlier, in his presentation, chairman of the Abuja Municipal Area Council (AMAC) Hon. Zaphanah Bitrus Jisalo, who welcomed guests, called on investors to be part of the vast potentials available in the municipal zone which he described as boosting of conducive weather good for commercial and farming activities, including providing a peaceful environment for business and residence.

    The AMAC chairman disclosed that his administration has set up a small and medium scale industrial committee in order to speedy industrial and economic growth of the council.

    He announced that AMAC also boasts of wonderful recreation centres, hotels of class and impressive social services, that should encourage investors to come and invest in AMAC.

    In a remark, the president of the Abuja Chamber of Commerce, Industry, Mines and Agriculture (ABUCCIMA), Sir Peter Okolo, told the gathering that the trade fair was adversely affected by the Nigeria Labour Congress (NLC) organised strike.

    While assuring that the chamber will guard against similar incidents that could reduce the participation level, he disagreed that the fair was a failure.

    Meanwhile, while declaring the trade fair closed the MFCT permanent secretary Mr. Omotade, who was the chairman of the occasion, thanked the organisers for their initiatives which he said will improve small and medium enterprises particularly.

    He howevr, advised abuccima that future fairs be made more elaborate promising that the ministry will assist in future.

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