The GMD Abuja Investments Company Limited: Dr. Musa Ahmed Musa, explained at the commisioning that the market at Mabushi which was built at the cost of two billion, three hundred million naira, has four main lock-up blocks with over 1,100 shops of different sizes as well as warehouses and cold rooms. In addition to these facilities there are also two bank buildings, two restaurants, a clinic, a police station , a central fire safety centre to serve the market as well as residents of Kado, Jahi, Katampe and Mabushi districts. He also said that the market has an administrative building, adequate toilet facilities, two industrial boreholes, spacious car park, good internal road networks and are planning to install a standby generator to complement power supply from the PHCN.

On his part, FCT Permanent Secretary, Engr Anthony Ozodinobi, urged the management of the market to ensure that the facilities in the place are well maintained and protected.

Picture Gallery below, please mouse over the pictures for the captions.

 As part of the programme, the Federal Capital Territory Administration (FCTA) has set aside 3 billion naira as subsidy for the operation of the territory’s bus mass transit scheme. The Honourable Minister, FCTA; Senator Bala Mohammed, on January the 17^th at the launch of the initial batch of 300 buses for the FCTA Assisted Public Mass Transit Scheme in Abuja disclosed that the federal government had allocated 200 high capacity buses directly to the FCTA to service the entire territory and environs, while the NURTW had also been allocated 100 buses to operate in Abuja.

 The Honourable Minister further stated that to ensure the success of the scheme, the administration would also provide support by granting land allocation to operators to build maintenance workshops, depots and motor parks. Furthermore the Honourable Minister assured the Abuja Light Rail project would be completed on schedule to ensure seamless movement within the FCT and the contigous states of Nasarawa and Niger.

 Speaking earlier, the Minister of State for the FCT, Chief Olajumoke Akinjide, reiterated the government’s resolve to work assiduously to correct the impression of trust deficit in governance residents had complained about, pointing out the timely flag-off of the transport palliative promised by the federal government.

 The buses which are expected to serve seven high capacity bus routes, including the high traffic Nyanya, Kubwa/Suleja and Lugbe/Gwagwalada routes are to be operated by Abuja Urban Mass Transport Company (AUMTCO), in collaboration with the National Union of Road Transport Workers (NURTW). In his remarks, the President of National Union of Road Transport Workers, Alhaji Najeem Yassim assured that the union will ensure that the addition of the buses will result in a sharp decline in the cost of transport and committed his members to operating a sustainable and people-friendly service.

 The Managing Director, Urban Development Bank, Mr. Oyinloye Adekunle had assured that the scheme will be sustainable and self-funding with zero interest rate as well as guaranteed spare parts and after sale service for the buses. He said that within past eighteen months, the Bank has delivered over one thousand six hundred buses to transport operators across the country, and had a further one thousand two hundred available for the new scheme.

At the handover ceremony, Dr. Mukhtar thanked the AICL staff for all their support during his time of service; he also highlighted some of the accomplishments achieved since he resumed office in September 2007. He mentioned the completion of an extensive corporate re-branding and restructuring exercise aimed at positioning AICL as a partner of choice for international business relations. He also mentioned that after thirteen years of operational losses, AICL has been operating at a profit for the past four years, declaring dividends to the FCTA for the first time in 2008. He advised the new GMD/CEO Dr. Musa to continue with a policy of capacity building and adequate compensation of staff resources in order to guarantee optimal staff performance. He closed his speech by appealing to AICL staff to extend the same level of support and loyalty to the new CEO.

Dr. Musa stated in his speech that these changes are in line with President Goodluck E. Jonathan’s transformation agenda and the FCT Minister’s reform drive. He stated that his goal is to lead the through a profit oriented approach, He stressed the need for the AICL team to succeed and stated that failure is not an option. He solicited for the same level of support shown to the outgoing GMD/CEO and promised to continue with and improve on the recent trend of annual profit declaration by the firm.

SIGNED:

ABUJA INVESTMENTS COMPANY LIMITED

Abuja Investments Company Limited would like to announce the appointment of Dr. Musa A. Musa as GMD/CEO of the Company. Dr. Musa replaces the erstwhile CEO Dr. Abdu Mukhtar in line with the FCT Minister’s directives on the 11th of October, 2011. The official handover took place by 2.pm on the 13th of October 2011, at the Investment House, No 4 Nkwere Street, Garki 2, Abuja, F.C.T.

The Chief Operations Officer Mr. Abdulrazaq Oniyangi has been appointed as Managing Director, Abuja Urban Mass Transport Co. Ltd. (AUMTCO), a wholly owned subsidiary of AICL. Mr. Oniyangi replaces the erstwhile MD Mr. Nasiru Junju and resumes office with effect from 14th of October, 2011.

To this end, members of the public, business affiliates and partners are called to note that these changes are in line with the President’s transformation agenda and would in no way disrupt our usual cycle of business.

SIGNED:

ABUJA INVESTMENTS COMPANY LIMITED

We are pleased to present our Quarterly e-Newsletter for your review and information.

This ‘Independence’ edition features AICL’s half year progress and a summary of our
economic environment.

Please click this link to view/download our e-newsletter.

We do hope you will find the material interesting and informative.

Happy Independence Nigeria

On Saturday the 20th of August 2011, at precisely 11 am, the Management and staff of Abuja Investments Company Limited (AICL) paid a visit to the City of Refuge Orphanage Home located in Maitama, Abuja, FCT.

The Company under its Corporate Social Responsibility (CSR) initiative tagged “Project Wellness” works towards the total well-being of the society. The programme has previously supported the sick and orphaned children by providing supplies for various hospitals and clinics in the FCT as well as renovating structures at orphanages.

This year ‘Project Wellness’ is focused on assisting orphans and less privileged children within the FCT. This initiative is part of the Company’s efforts to support the Honourable Minister’s laudable vision to impact positively on the lives of Abuja residents.

A heartfelt farewell reception was held for Her Excellency Ms. Anneli Vuorinen, Ambassador- Embassy of Finland in Abuja 0n the 18th of August 2011.  Ms. Vuorinen has been a strong advocate for better trade and civic collaboration between Finland and Nigeria. Giving talks on ’Peace in Nigeria as a prerequisite for sustained development ‘ as well as supporting related programmes. Her Excellency will be greatly missed by the Nigerian business community for her contribution to economic development.

The reception commenced with a speech by Mr. Lauri Voionmaa (Deputy Head of Mission) who outlined the various achievements by the Ambassador, Her Excellency Ms. Anneli Vuorinen. It was noted that The President, His Excellency Dr Goodluck E. Jonathan had paid a courtesy visit to the Ambassador earlier that day.

Following the speech by the Deputy HOM, Her Excellency, Ms Vuorinen gave an appreciation speech and welcomed everyone to toast to the development and prosperity of the Nigerian-Finnish Trade delegation in Nigeria.  AICL presented Ms Vuorinen with a farewell gift and Her Excellency commended AICL’s representation of the Federal Capital Territory.

Abuja Investments Company Limited has become aware of recent media reports claiming that an FCT High Court delivered a judgment on July 15, 2011, revoking the sale of Wuse Market Shops.

To this end, members of the public, particularly lessees of shops in Wuse Market are invited to note that the said representation is false, misleading and obviously intended to incite. No such relief was sought in the action instituted by Plaintiffs in the matter of Registered Trustees of Wuse Market, Alhaji Haliru Buhari et al vs Federal Capital Territory Administration, The Minister of the FCT, AMML, AICL, and no such relief was granted, nor could have been granted.

Abuja Investments Company Limited, in conjunction with the Federal Capital Territory Administration and Abuja Markets Management Limited, is taking appropriate measures to review the judgment of the Court and will take further necessary steps within the bounds of the law to protect its rights and those of its clients.

SIGNED:
MANAGEMENT
ABUJA INVESTMENTS COMPANY LIMITED