Written by Edrina EMMANUEL

Bello unveils $54 million Novare central mall

The FCT administration’s investment drive has netted a $54 million Foreign Direct Investment, FDI, as the administration unveils the Novare central mall in the heart of Abuja. 

While commissioning the world class facility, last week, the FCT minister, Malam Muhammad Bello, restated the commitment of the administration to ensure ease of doing business. 

“Once again, I congratulate the management and staff of Novare Real Estate Africa, for yet another addition to the Novare series. I would like to pledge the commitment of FCT administration to ensuring ease of doing business in the territory", he said. 

Bello, who was represented by FCT permanent secretary, Sir Chinyeaka Ohaa, further used the occasion to call on other investors to take advantage of the territory’s friendly business environment. 

He said: “I therefore reiterate my earlier call, during the opening of the Novare Gateway Mall on the Airport Expressway, for investors to take advantage of the Abuja’s ripe business environment now.” 

Earlier in his address, the chairman of Novare Central Mall, Prof. Fabian Ajogwu, remarked that the FCT administration has provided enabling environment for investments. 

“Permit me to express our sincere gratitude to the minister of the Federal Capital Territory, whose continued support and positive disposition towards Foreign Direct Investment, FDI, has been most beneficial to the success of this project and investment in FCT,” Ajogwu said. 

Harping on the benefits of Novare Central Mall to the FCT Administration, the chairman disclosed that already 5,000 direct and indirect jobs have been created, in addition to boosting the revenue profile of the administration. 



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