FCT Rises to Top Five in Ease of Doing Business Rankings

The Federal Capital Territory (FCT) was ranked 31st in the 2023 Subnational Ease of Doing Business assessment but has since made a remarkable leap into Nigeria's top five business-friendly destinations. This improvement reflects the administration of Minister of the FCT, Ezenwo Nyesom Wike, who has prioritized infrastructure development, land administration reforms, and enhanced service delivery.

Wike's administration has focused on constructing and rehabilitating roads, improving connectivity, and addressing challenges in land administration, including strengthening land documentation integrity and enforcing development conditions. The administration has also worked on regularizing Area Council land documentation and introduced ground rent obligations to ensure accountability.

Additionally, institutional improvements have been made, such as establishing Small Claims Courts to expedite commercial dispute resolutions. The Abuja Investments Company Limited (AICL) has played a crucial role in promoting Abuja as an investment destination and connecting government opportunities with the private sector.