FCT Minister Commissions Abuja’s Second Solar-Powered Market in 24 Hours
In a move to boost economic growth and development in the Federal Capital Territory (FCT), Minister Nyesom Wike has commissioned a second solar-powered market in Abuja, just 24 hours after launching the first one.
The Kugbo International Market, which comprises 5,200 stalls, is expected to attract approximately 20,000 visitors daily and features 20 underground warehouses, 20 cold rooms, 10 restaurants, banks, a clinic, police and fire service stations, and other amenities.
Speaking at the commissioning ceremony of the market’s first phase, which features 1,600 shops, Wike expressed optimism that the project will significantly contribute to both local and national economic growth through enhanced trade and commercial activities.
The market is a result of a Public-Private Partnership (PPP) between the Abuja Investments Company Limited (AICL) and Mesotho Group Limited, under a Build-Operate-Transfer (BOT) arrangement.
The Minister, who was represented by the Minister of State for FCT, Dr. Mariya Mahmoud, described the international market as a thriving ecosystem designed to support businesses, empower entrepreneurs, create jobs, and attract both local and international investors.
He emphasized that the market will promote local and national economies through increased trade and commerce, generate revenue for the government, and provide employment opportunities for a wide range of people.
Wike praised the leadership of Ambassador Maureen Tamuno, Group Managing Director of AICL, for driving economic growth in the FCT. He noted that under her guidance, AICL has been instrumental in fostering strategic investments, promoting partnerships, and showcasing Abuja’s vast investment potential.
Ambassador Tamuno lauded the FCT Minister for his dedication to transforming Abuja into a world-class city, commending his visionary leadership and commitment to creating a thriving business and investment hub in the Federal Capital Territory. She noted that the facility will serve as a catalyst for commercial activity, offering modern facilities, secure spaces, and a platform for businesses to expand and compete globally.
The commissioning ceremony was attended by several dignitaries, including former Speaker of the House of Representatives, Rt. Hon. Yakubu Dogara; former Information Minister, Prof. Jerry Gana; and Senator Anthony Yaro, among others. They commended the leadership of the FCT Ministers and Ambassador Tamuno for their dedication to economic development in the country’s capital.
The highlight of the event was the presentation of 120 free shops to residents of the FCT across the six area councils, courtesy of the FCT Minister. Each area council received 20 shops, demonstrating the Minister’s commitment to supporting small businesses and entrepreneurs in the territory.
