Vice President Namadi Sambo who spoke yesterday during the ground breaking of the new Idu Industrial Park in Abuja explained that the initiative is projected to attract over $2 billion (about N316 billion) Direct Foreign Investment into the country and is in line with the guideline and philosophy of the Abuja master plan.
Federal Capital Territory (FCT) Minister, Senator Bala Mohammed said about 250 hectares of land had been allocated to the industrial park, adding that the project is private sector driven.
Commending the FCT minister, Sambo said: “I was telling the minister that I am highly delighted and impressed with his performance because from the helicopter, right from the villa up to this location, it is project, after project and project after project.”
The VP added that the park is in line with the Federal Government’s national implementation plan under Nigeria’s Vision 20:2020 and would facilitate competent investors and manufacturers to establish small and medium scale industries in the city.
“This project when completed will provide further testimony to the success in the implementation of Federal Government transformation under the leadership of President Goodluck Jonathan,” said Sambo.
Sambo said the thrust of the national implementation policy is to promote private sector investment through the creation of an enabling environment that will allow for substantial improvement in efficiency, productivity and profitability in manufacturing and other key sectors of the economy.