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FCTA partners with Daewoo on investment

By Ben Adoga, Abuja

Minister of the Federal Capital Territory (FCT), Nyesom Wike, has expressed his desire to partner with Daewoo, a South Korean industrial giant and automobile manufacturer.

Wike made this known when he received the Daewoo Engineering and Construction Chairman, Jung Won-Ju in his office in Abuja.

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The FCT Minister said as governor of Rivers State Daewoo was in Rivers and that he made the situation conducive for their operations and that he was ready to do the same in Abuja.

He assured the visiting Daewoo chairman that President Tinubu was interested in improving the economy and taking out all bottlenecks that hinder business.

“President Tinubu is interested in expanding businesses and has taken out every bottleneck that impedes business.

“In FCT, we are ready to partner in the areas of automobiles and skills acquisition, we are ready to give you land.  The present administration wants to open up investments and the economy.”

Wike told his guest that he believes in concretising agreements, not just talk shows because at the end of the day, whatever is achieved from the visit of the top officer of Daewoo should be known.

Wike said: “We are ready to partner, if it’s a five-star hotel you want to invest in, we will write to your Ambassador so we can concretise it. I will direct the Director of Lands to make land available, we have enough land for you to make your choice.”
Earlier, the Daewoo chairman noted that his country, South Korea, and Nigeria have had good relations over the years. He said his company has planned to invest massively in Nigeria.

Jung Won-Ju said already they have visited possible investment sites like the Centenary City, Jabi Lake Mall, and the Transcorp Hotel. He lamented that Abuja had only Transcorp Hotel as a standard five-star hotel.

He said there was a strong desire for them to invest in Nigeria, however, won- ju was not specific on the investment interest for Abuja.

He, however, said they are already into oil and gas in Nigeria, just like they have entered the United States of America, Canada, and Vietnam where employment is being generated from their investments.

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