The Federal Capital Territory (FCT) Minister, Malam Musa Bello has reiterated the commitment of the administration to private sector institutions that would add value to the economic development of the nation’s capital.
Malam Bello stated this at the foundation stone laying ceremony of the head office of the African Reinsurance Corporation (Africa Re) in Abuja. The office complex project will cost $35million and completed in 24 months.
The FCT Minister also said the event was in line with the views and objectives of the government of President Muhammadu Buhari to encourage private sector and pan African organisations’ participation in increasing the economic development of the country.
His words: “What you are building here today is in line with the views and objectives of the government of President Muhammadu Buhari to encourage private sector participants and also pan African organizations where Nigeria has partnership and ownership to be able to develop institutions that would serve as catalysts to increase economic activities”.
He pointed out that Nigeria holds African countries on the board of Africa Re in high esteem, which was why the President himself allocated the land to the organization with an adjourning plot for the African Nexim Bank.
Earlier, the Chairman, Board of Directors of the organisation, Mr. Hassan Boubrik, commended the Minister for all the support accorded Africa Re that culminated in the foundation stone laying ceremony.
He assured the Minister that the head office would be built in accordance with the best standards and energy-saving practice, adding that the building design complies with FCTA plans on traffic management.
Source: guardianng
