President says Nigeria is open for business as Abuja City Walk project showcases renewed drive to attract private capital and economic growth

President Bola Tinubu has reaffirmed his administration’s commitment to Tinubu Investment Protection, declaring that Nigeria is “ready and open for business” as the Federal Government intensifies reforms aimed at safeguarding local and foreign investments while improving the country’s investment climate.

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The President made the declaration on Thursday during the inauguration of the Sales Office and Experience Centre for the Abuja City Walk Development project in Abuja.

Vice President Kashim Shettima represented Tinubu at the ceremony, according to a statement issued by the Senior Special Assistant to the President on Media and Communications in the Office of the Vice President, Stanley Nkwocha.

Describing the event as more than the opening of a new facility, Tinubu said the project symbolised the government’s broader vision of economic renewal through strategic partnerships with the private sector.

“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,” the President said.

Tinubu stated that his administration was implementing reforms designed to improve investor confidence by strengthening the country’s legal, financial and physical infrastructure.

According to him, the government is “optimising legal, physical, and financial frameworks to protect capital, guarantee returns, and eliminate unnecessary administrative bottlenecks on the system.”

He described the Abuja City Walk Development as a practical demonstration of the administration’s resolve to deliver infrastructure capable of stimulating economic growth and attracting long-term investment.

“The City Walk Experience Centre stands as proof that our administration does not just make promises; we execute them with determination,” he said.

The President noted that the project’s designation as a Free Trade Zone would create fresh opportunities for regional commerce, medical tourism, premium retail and hospitality while enhancing Abuja’s attractiveness as an investment destination.

“The Abuja City Walk is a shining symbol of what can be achieved when political will meets private sector expertise and capital,” Tinubu said.

He added, “By granting this corridor a Free Trade Zone status, we have further eliminated trade friction, laying down a fertile environment for regional commerce, medical tourism, premium retail, and high-end hospitality.”

A notable highlight of the event was Tinubu’s commendation of the Federal Capital Territory Administration for reviving the Abuja Technology Village corridor, an area that had remained largely dormant for two decades.

The President credited the transformation to reforms in land administration introduced under the leadership of the Minister of the Federal Capital Territory, Nyesom Wike.

“For 20 years, the Abuja Technology Village corridor lay dormant. Today, through aggressive land administration reforms and the eradication of bureaucratic inertia, it is being transformed into a bustling construction hub,” he said.

Tinubu also reiterated his administration’s determination to end speculative land ownership practices in the Federal Capital Territory.

“We have made it clear that land is an asset for rapid development, not an instrument for developmental retrogression and speculative hoarding,” he stated.

Calling for sustained collaboration between government and investors, the President stressed that national development could not be achieved by public institutions alone and urged project partners to accelerate construction following the launch of the experience centre.

Earlier, FCT Minister Nyesom Wike described the Abuja City Walk project as consistent with the Tinubu administration’s objective of attracting foreign direct investment, expanding economic activity and creating employment opportunities for Nigerians.

Wike said the government would continue to provide an enabling environment for investors but urged citizens to support policies capable of ensuring long-term economic stability and continuity.

Also speaking, the Executive Director of Link Development, Dr Kassim Gidado, said the project marked the beginning of an ambitious vision to develop a modern mixed-use district incorporating residential estates, educational institutions, places of worship, shopping centres, recreational facilities, a Free Trade Zone and a green corridor.

The Abuja City Walk Development forms part of the Federal Government’s broader strategy to position the nation’s capital as a competitive destination for investment, technology and sustainable urban development.

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The project also aligns with ongoing efforts under the Renewed Hope Agenda to deepen private sector participation in infrastructure delivery, improve the ease of doing business and diversify Nigeria’s economy beyond oil revenues.