President Bola Tinubu has reaffirmed his administration’s commitment to attracting local and foreign investment with the unveiling of the Sales Office and Experience Centre for the multi-billion-dollar Abuja City Walk project.
Represented by Vice President Kashim Shettima at the launch on Thursday, the President described the project as a major milestone in implementing the Renewed Hope Agenda and a clear demonstration that Nigeria is open for business.
“We are not just opening a building; we are unveiling the window to a multi-billion-dollar future. We are presenting a tangible manifestation of our Renewed Hope Agenda, sculpted in concrete, innovation and unwavering determination,” Tinubu said.
Located along the Abuja Airport Expressway corridor, the Abuja City Walk development is one of the country’s largest private-sector investment projects and is expected to transform the Federal Capital Territory into a hub for commerce, innovation and modern urban living.
The President said that although the project draws inspiration from Dubai’s City Walk, it has been redesigned to reflect Nigeria’s development aspirations and unique needs.
He stressed that sustainable economic growth depends on strong collaboration between government and the private sector, noting that granting the corridor Free Trade Zone status would boost regional trade, medical tourism, premium retail businesses and hospitality investments.
Tinubu also assured both local and foreign investors that his administration would continue strengthening Nigeria’s legal, financial and regulatory frameworks to safeguard investments.
“Let me reassure both domestic and international investors: Nigeria is open for business, and your investments are safe. Our legal, physical and financial frameworks are continuously being optimised to protect capital, guarantee returns and eliminate unnecessary administrative bottlenecks,” he said.
The President commended the Minister of the Federal Capital Territory, Nyesom Wike, for reviving the long-abandoned Abuja Technology Village corridor through land administration reforms.
He noted that the project would generate thousands of direct and indirect jobs for engineers, artisans, professionals and young Nigerians while stimulating economic activities across the FCT and neighbouring states.
Speaking at the event, Wike said the 250-hectare site, originally designated for the Abuja Technology Village more than three decades ago, had become vulnerable to land grabbers before the FCT Administration reclaimed it for development.
He said the government expedited statutory approvals, constructed access roads and coordinated relevant agencies to accelerate implementation of the project.
“The whole essence of government is to provide an enabling environment for investors to come in and develop. There are a lot of jobs that will be created here,” Wike said.
The minister, however, warned that the government would revoke the land allocation if the developers failed to meet agreed project timelines.
Executive Director of Link Developments Master City Walk, Kassim Gidado, described the Experience Centre as a major milestone, saying it offers investors an immersive preview of the proposed development through interactive digital displays, project models and prototype apartments.
According to Gidado, the 250-hectare mixed-use smart city will feature a technology village, knowledge park with two universities, healthcare facilities, shopping malls, five-star hotels, exhibition centres, residential communities, parks and what is projected to become West Africa’s largest indoor multipurpose arena.
