Nyesom Wike, the Minister of the Federal Capital Territory (FCT), has ordered the Department of Development Control to start demolishing buildings that are blocking roads in the Kugbo International Market. The order was given during a tour of the market for inspection. The market is being built in the Central Business District and is planned to house the new Ministry of Livestock Development. The market is an initiative of the Abuja Investment Company, Mesotho Group Limited, and AICL in a public-private cooperation.
Wike urged the Department of Development Control to promptly destroy any structures that provide a barrier and stressed the significance of promoting such an investment. In order to guarantee the project’s completion, he also pleaded with the Mesotho Group to increase its funding. The minister encouraged the investor to continue investing until January, pointing out that the market’s initial phase is already complete.
Under the Renewed Hope Agenda, the minister also talked about the potential acquisition of stores for underprivileged traders and business owners. According to him, the government would exert all of its efforts to assist citizens and make sure they enter the market’s first phase as soon as feasible.
According to Wike, the Kugbo International Market will boost the FCT’s economy and give locals job possibilities. He continued by saying that by requiring vendors to vacate the sides of the road and do business inside the market, the market will help with efforts to decongest the roads. He highlighted that the expense of the stores should not be the cause for traders to sell on the highways.
The Abuja Investment Company is willing to put up their own capital in guaranteeing resource distribution in order to collaborate with investors to establish a consensus.
