Monday, July 20, 2026

FCTA ready to incentivise private investment in tourism sector: Wike  

The minister said the President Bola Tinubu-led administration, under the “Renewed Hope” agenda, has made the tourism sector development one of its priorities.

• March 15, 2024
FCT Minister, Nyesom Wike [Credit: Chi Geru]
FCT Minister, Nyesom Wike [Credit: Chi Geru]

FCT Minister Wike says the FCT Administration is ready to provide incentives to investors interested in developing the territory’s tourism sector. 

Mr Wike stated this at the inauguration of Sunrise Water Park, a recreation centre developed by Nadeem Group in Abuja on Friday.

The minister noted that the tourism sector has the potential to become one of the highest foreign exchange earners for the country.

He, however, pointed out that the sector had sadly remained largely untapped and undeveloped.

The minister said the President Bola Tinubu-led administration, under the renewed hope agenda, has made the tourism sector development one of its priorities.

He added that the government had sent out a clarion call to private investors to look in the direction of tourism and harness its full potential for the benefit of the country. 

 “The FCT has a lot of sites that have the potential of becoming great tourism sites, such as the fishing site in Yaba, the Ushafa Pottery Centre, and the Millennium Tower project 

“It will be gratifying to see private investors coming to these areas and to give them a new breath of life. 

“Our doors remained open for discussions and possible incentives to see Abuja grow up to its full potential in the tourism sector,” the minister said.

Mr Wike said he inaugurated the park, a private sector investment, because of its importance in developing Abuja’s tourism sector.

(NAN)

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