Wike Promises Protection for Genuine Investors in Abuja

On Wednesday, Nyesom Wike, the Minister of the Federal Capital Territory, declared Abuja "open for business" during the Abuja Business and Investment Expo 3.0, organized by the Abuja Investments Company Limited. He assured both local and foreign investors that the Federal Capital Territory Administration would safeguard genuine investments while taking action against land speculators and fraudulent developers.

Wike emphasized the administration's commitment to infrastructure development and reforms in land administration, aiming to position Abuja as Nigeria's leading investment destination. He stated that the FCT Administration is prepared to partner with investors who have the necessary technical capacity, financial strength, and integrity.

However, he warned that the administration would not compromise the Abuja Master Plan and would enforce regulations regarding environmental standards, building regulations, and tax obligations. Wike noted that the FCT ranked fourth nationally in the 2025 Subnational Ease of Doing Business Assessment with a score of 61 percent, expressing a desire to improve this ranking.