Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Renaissance Africa Discovers Major Offshore Oil Deposits in Nigeria

    July 7, 2026

    U.S. Revokes Iran Oil Licence over Hormuz Tanker Attacks

    July 7, 2026

    Nigerian Stocks Surge, Investors Gain N1.86trn

    July 7, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Renaissance Africa Discovers Major Offshore Oil Deposits in Nigeria
    • U.S. Revokes Iran Oil Licence over Hormuz Tanker Attacks
    • Nigerian Stocks Surge, Investors Gain N1.86trn
    • Naira Depreciates by N7.52K as Forex Market Liquidity Drops
    • DeXe Tops $29 as Capital Rotates into DeFi, DAO Tokens
    • BTCUSD Surges Past $64k Amid US Strategic Bitcoin Reserve Plan
    • Zcash Price Jumps 13% as Ironwood Upgrade Boosts Sentiment
    • South African Rand Firmer Ahead of Foreign Reserves Update
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Tuesday, July 7
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Abuja Industrial Park ‘ll Create 40,000 Jobs, Improves Nigeria’s Economy – Wike

    Abuja Industrial Park ‘ll Create 40,000 Jobs, Improves Nigeria’s Economy – Wike

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiAugust 29, 2024Updated:August 29, 2024 News No Comments3 Mins Read
    Abuja Industrial Park ‘ll Create 40,000 Jobs, Improves Nigeria’s Economy – Wike
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Abuja Industrial Park ‘ll Create 40,000 Jobs, Improves Nigeria’s Economy – Wike

    The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, says the Abuja Industrial Park, being developed by Zeberced Group, will create 40,000 jobs and improve Nigeria’s economy when fully operational.

    Wike stated this when he visited the site, located at Idu Industrial Zone, Abuja, on Wednesday.

    The minister, who was visibly excited by the level of development at the ark, promised to personally brief President Bola Tinubu on what he had seen.

    Describing the project as mind-boggling, Wike expressed optimism that it would grow the nation’s economy and create employment for the teeming youths in FCT.

    “As far as I’m concerned, I’ve never seen this in the entire country. This is the first time I am seeing this.

    “Some people have been conceptualising industrial parks, but from what I’m seeing here, this is to me a wonderland and we commend them,” he said.

    He added that the project, which had been approved to operate as a Free Zone, would attract lots of businesses due to the availability of stable power supply.

    The minister commended the company for its commitment to completing the project and for its decision to expand the access road to the park.

    He assured the continued support of the FCT Administration to ensure that the road project was completed.

    He expressed optimism that the road project, when completed, would accelerate the development of Idu District.

    “From what the Managing Director of the company, Mr Adil Kurt said, the park is going to create not less than 40,000 direct employments and that is huge.

    “There is no government that will not support this kind of investment.

    “Having gone around, we can attest to the fact that this is really what we need to grow our economy. You can imagine how the whole of Idu will be developed.

    “This is what every government craves for, and we must give them the necessary support,” he said.

    Wike further commended the Zeberced Group for maintaining a high standard in delivery of the project.

    He particularly commended the company for branding all items being produced at the park, including polypropylene pipes, and sandwich insulation roofing sheets among others, as made in Nigeria.

    “Once production is made, and it’s a good and quality production, people will buy, and outsiders will also buy.

    “For us, it is quality, and we thank God that we have some companies that are committed to making sure that they produce in Nigeria,” Wike said.

    The Minister assured of adequate security and called for further investments into local production.

    Earlier, Kurt said that the park, which sits on 250 hectares of land, was being developed as a free zone, and currently features 208 workshops.

    He equally said that the park was designed to support small and medium-scale industries, among others,

    “The production of precast concrete, plastic and polypropylene pipes, as well as sandwich insulation roofing sheets among others, were already ongoing at the park.

    “The project will significantly contribute to the growth and development of the nation’s economy,” he added. #Abuja Industrial Park ‘ll Create 40,000 Jobs, Improves Nigeria’s Economy – Wike

    Investors Bet on FGN Bond as Negative Real Return Narrows

    FCT Minister wike
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Ogochukwu Ndubuisi
    • Website
    • Facebook
    • X (Twitter)
    • LinkedIn

    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

    Keep Reading

    Renaissance Africa Discovers Major Offshore Oil Deposits in Nigeria

    U.S. Revokes Iran Oil Licence over Hormuz Tanker Attacks

    Nigerian Stocks Surge, Investors Gain N1.86trn

    Naira Depreciates by N7.52K as Forex Market Liquidity Drops

    DeXe Tops $29 as Capital Rotates into DeFi, DAO Tokens

    BTCUSD Surges Past $64k Amid US Strategic Bitcoin Reserve Plan

    Add A Comment

    Comments are closed.

    Editors Picks

    Renaissance Africa Discovers Major Offshore Oil Deposits in Nigeria

    July 7, 2026

    U.S. Revokes Iran Oil Licence over Hormuz Tanker Attacks

    July 7, 2026

    Nigerian Stocks Surge, Investors Gain N1.86trn

    July 7, 2026

    Naira Depreciates by N7.52K as Forex Market Liquidity Drops

    July 7, 2026

    DeXe Tops $29 as Capital Rotates into DeFi, DAO Tokens

    July 7, 2026
    Latest Posts

    Renaissance Africa Discovers Major Offshore Oil Deposits in Nigeria

    July 7, 2026

    U.S. Revokes Iran Oil Licence over Hormuz Tanker Attacks

    July 7, 2026

    Nigerian Stocks Surge, Investors Gain N1.86trn

    July 7, 2026

    Naira Depreciates by N7.52K as Forex Market Liquidity Drops

    July 7, 2026

    DeXe Tops $29 as Capital Rotates into DeFi, DAO Tokens

    July 7, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.