The
minister of the Federal Capital Territory (FCT), Senator Bala Mohammed,
has said the partnership between the FCT administration and Brazilian
investors is expected to yield about $3 billion when fully implemented.
The minister made the disclosure when he received a delegation of
Brazilian investors, led by the former Ambassador of Nigeria to Brazil,
Mr. Vincent Okoedion, in his office recently.
The
minister further disclosed that the delegation had indicated interest
to partner with the administration in the areas of housing and
transport, and road development. He added that the administration will
continue to provide an enabling environment for investors to thrive.
The director of Bitello Group, Frederico Joao Stella who was part of
the delegation, commended the minister for the opportunity to
participate in the territory’s development. He said the company would
build 1,000 houses in the FCT within a few months.
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