The Minister of the Federal Capital Territory (FCT), Nyesom Wike, says President Bola Tinubu’s Renewed Hope Agenda is beginning to attract increased foreign investment into Nigeria, citing the launch of the Abuja City Walk project as evidence of growing investor confidence.
Wike stated this on Thursday during the official opening of the Sales and Experience Centre for the Abuja City Walk development along the Nnamdi Azikiwe Expressway (Airport Road) in Abuja.
According to the minister, the FCT Administration allocated the corridor for the Abuja City Walk project after signing a Memorandum of Understanding (MoU) with the developers, which included clearly defined delivery timelines.
He disclosed that one of the agreed milestones was the completion of the Sales and Experience Centre to commemorate President Tinubu’s third anniversary in office.
To ensure effective coordination and timely implementation of the project, Wike said he chaired the project development committee, comprising key government officials, while the FCT Administration provided all the necessary statutory approvals, including those for the construction of supporting road infrastructure.
He reiterated that government has a responsibility to create an enabling environment for investment.
“On our part, we have fulfilled our obligations, and I want to assure our development partners that we will continue to support you. However, we must all adhere to the agreed timelines. We also agreed in the Memorandum of Understanding that certain milestones must be achieved within the next year. If those milestones are not met, we will revoke the land allocation,” Wike said.
Earlier, the Executive Director of Link Developments and Master Developer of the Abuja City Walk project, Dr Kassim Gidado, said the vision was to create “a city within a city”.
Gidado explained that although the project was inspired by Dubai City Walk, it is being designed on a larger and more dynamic scale, tailored to Abuja’s unique social, cultural and environmental landscape.
According to him, the master plan envisions a modern mixed-use district where culture, innovation, commerce and everyday life intersect, creating a green technology hub that combines global investment with vibrant community living.
He said the development would feature a Google Tech Village, a knowledge park with two universities, a museum, a library, and a multi-purpose indoor arena with cinemas and a gymnasium, projected to become the largest indoor arena in West Africa.
Other planned facilities include police and fire stations, ambulance services, mosques, churches, luxury residential neighbourhoods with parks and gardens, and an iconic corporate skyscraper.
He stated that the project would also include healthcare facilities such as diagnostic centres, clinics, hospitals, pharmacies and medical research centres, as well as a fashion avenue, shopping malls, five-star hotels and exhibition halls.
The Abuja City Walk development is a major mixed-use urban project designed to advance the vision of a modern, well-planned and economically vibrant capital city. It underscores the federal government’s commitment to promoting private sector participation, attracting investment, stimulating economic growth and delivering world-class infrastructure in line with the Renewed Hope Agenda.
The ₦2.4 trillion (approximately $1.5 billion) project will span about 250 hectares along the Nnamdi Azikiwe International Airport corridor in the Federal Capital Territory.
