POLITICAL Economy

WIKE TO CREATE 40.000 JOBS IN IDU INDUSTRIAL PARK, ABUJA FCT

by admin on | 2024-09-24 20:28:00

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Wike to create over 40,000 direct jobs from Idu Industrial park

By Abdullahi Muhammad

Abuja

Minister of the Federal Capital Territory Administration(FCTA), Brr. Nyesom Wike, has expressed immense satisfaction during his first visit to the Idu Industrial Park.

The Minister who gave his swift approvals on further works and developments, highlighted the potentials that could come out of the park to transforming the region, create thousands of jobs, and attract numerous companies, appreciates its designation as a free trade zone with regular electricity supply.

Wike who disclosed this when he inspected the Idu Industrial Park Wednesday in Abuja, says: “This is mind-boggling. This is my first time visiting the Abuja Industrial Park,” Wike remarked, visibly impressed by the scale and potential of the project.

He praised the ongoing efforts to provide necessary infrastructure, particularly the construction of a dual carriageway that will enhance access to the park.

He said:

“Salini has already started constructing a single carriageway, and to complement government efforts, the company has offered to construct the other lane as well, which will be a dual carriageway. This will be supported through tax credits,” he explained.

The Minister further emphasized the economic impact of the park, noting that it would create not less than 40,000 direct jobs. “This is huge. No government will hesitate to support such an investment,” he added, underlining the administration’s commitment to fast-track the necessary approvals from the Federal Ministry of Finance to ensure the project’s timely completion.

He however, indicated the importance of power stability in sustaining industrial activities, which is one of the key incentives for companies to operate in the park. “What kills many businesses is the lack of stable power and the high cost of diesel. But here, with regular electricity, businesses can thrive,” Wike stated.
Reflecting on the significance of the park, Wike described it as a game-changer for Abuja’s economy. “This is what every government craves for, and we must give it the necessary support. In the next three to four years, this area will be unrecognizable,” he predicted.

Wike stressed the need for synergy between the government and private investors, pointing out that while the government provides infrastructure, the private sector plays a crucial role in driving economic growth through production and job creation. “We gave out this land 12 years ago, and now we are providing the infrastructure needed for the development of this industrial park,” he noted.

The minister’s visit underscored the government’s dedication to not just creating jobs, but also ensuring that the quality of locally made products meets international standards. “It’s not just about exporting; it’s about creating jobs and producing high-quality goods that people, both locally and internationally, will want to buy,” Wike concluded.