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Tag: AICL

  • AICL, varsity sign MoU to foster collaboration, create Impact

    AICL, varsity sign MoU to foster collaboration, create Impact

    To further strengthen their relationship, Abuja Investments Company Limited, AICL, and University of Abuja Business School, UABS, recently signed a Memorandum of Understanding (MOU).

    This MOU bridges theory and practice, where academic insight meets real-world investment and finance execution.

    AICL is the business development and investment holding company fully owned by the Federal Capital Territory Administration. UABS is a postgraduate business school of the University of Abuja.

    According to a statement made available to our reporter, AICL and UABS signed the MOU to collaborate in executive education, research, policy development, support for innovation and startups, and student practical experience. Expected outcomes include developing human capital, equipping UABS graduates with both academic credentials and practical skills in finance, investments, entrepreneurship, management, and sustainable investment. The partnership aims to create student internships, applied research opportunities, and executive programmes tailored to industry challenges and policy needs.

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    Furthermore, this partnership enables the co-creation of policy-relevant research, with the specific outcome of generating evidence-based solutions to the business and investment issues faced in Nigeria.

    The parties will collaborate on researching topics that drive innovation, laying the groundwork for policy recommendations that support economic growth and social impact. Additional planned outcomes include the joint design of executive education programmes and workshops on leadership, strategy, and innovation, which are expected to benefit managers and executives in various sectors. The partnership aligns with national development priorities and the FCT’s economic vision—specifically aiming to advance industrialisation, innovation, job creation, and inclusive economic growth.

    According to the statement, the parties agreed that this partnership is pragmatic, outcome-driven, and forward-looking. It will serve as a platform for hands-on learning for students and faculty, while AICL will benefit from UABS’s advanced research, policy analysis, and actionable insights. The partnership shows how industry, academia, and government can work together to strengthen institutions and build a competitive economy.

  • AICL hosts roundtable to drive investment in Abuja

    AICL hosts roundtable to drive investment in Abuja

    As part of its ongoing efforts to foster strategic investment and economic development in the Federal Capital Territory (FCT), Abuja Investments Company Limited (AICL) hosted the second edition of its roundtable series on Thursday, February 6, 2025, at The Envoy Hotel, Abuja.

    The event convened key leaders from financial institutions to review the successes of the Abuja Business and Investment Summit (ABIS 2024), discuss investment challenges and opportunities, and outline collaborative strategies for sustainable economic growth in 2025.

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    The Group Managing Director (GMD) of AICL,  , Amb. Maureen Tamuno welcomed participants and expressed gratitude for their continued commitment to driving investment in the FCT.

    She emphasized the power of collaboration and innovation in achieving sustainable development and acknowledged the role of financial institutions in bridging funding gaps and facilitating major investment initiatives.

    The GMD drew the attention of participants to the FCT Minister Nyesom Wike infrastructural development around Abuja and in the six area councils, the road networks and other projects is creating vast opportunity for businesses to thrive.

  • Reps hail Wike, Tamuno over AICL’s improved revenue, infrastructure

    Reps hail Wike, Tamuno over AICL’s improved revenue, infrastructure

    Members of the House of Representatives’ Committee on FCT, led by Hon. Aliyu Muktar Betara have applauded the Minister of Federal Capital Territory (FCT), Nyesom Wike over ongoing infrastructural development projects across the nation’s capital city.

    The lawmakers who spoke during an interactive session with the Group Managing Director of Abuja Investment Company Limited (AICL), Dr. Maureen Tamuno applauded her ingenuity towards improved revenue generation since her assumption of office.

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    While presenting her scorecard and strategy adopted in the turnaround of Abuja Investment Company Limited to the Committee, Dr. Tamuno disclosed that AICL only manages the district markets, not the entire markets across the territory.

    According to her, Wuse Markets is owned 90 percent by the individuals who bought the shops while AICL owns 10 percent.

    “For example, Wuse Market is owned 90 percent by the owners, we own 10 percent. What Abuja Management does for Wuse market is to manage the facility there through the toll taking which they do collect on our behalf and then they manage the facilities, they manage the refuse collections and they also work with the market association.”

  • AICL encourages diplomatic engagement with ambassadors

    AICL encourages diplomatic engagement with ambassadors

    Group Managing Director/ CEO of Abuja Investments Company Limited (AICL) Ambassador Maureen Tamuno, has highlighted efforts aimed at fostering diplomatic ties with heads of mission at the Abuja Business and Investment Summit.

     During the pre-cocktail briefing of the Abuja Business and Investment Summit held at Dunes Center, Ambassador Maureen highlighted AICL’s commitment to positioning Abuja as a leading investment hub.

    She emphasised the pivotal role of diplomatic missions in promoting AICL’s initiatives and investment opportunities in alignment with President Bola Ahmed Tinubu’s Renewed Hope Agenda.

     “Abuja is a place to invest in. We are ready to collaborate with missions and partner with organization, our environment is conducive and favorable enough with business opportunities,’’ Maureen stated.

     The pre-summit event served as a platform for ambassadors to explore collaborative opportunities with AICL and contribute to Abuja’s economic advancement through strategic partnerships.

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     She lauded the efforts of President Tinubu as well as that of the FCT  Minister, Nyesom Wike in enhancing Abuja’s infrastructure, thereby creating an optimal environment for business prosperity and announced the upcoming Abuja Business and Investment Summit scheduled to hold on the 16th-18th of October 2024, with the theme “Optimising Investment Through Partnership.”

     Head of the Civil Service FCTA,  Samuel Udo Atang, represented the Minister at the event. He noted the importance of the diplomatic community in promoting economic prosperity and assured of the administration’s commitment to fostering a conducive environment for business growth in the Federal Capital Territory.

     The Chairman of the Nigerian Diaspora Commission, Abike Dabiri-Erewa, commended Amb. Maureen Tamuno, on the noble initiative, pledging her support towards the success of the coming event in October.

     Ag. Permanent Secretary Min of Foreign Affairs Ambassador Ben Okoyen, expressed excitement over the large turn-out at the event while His Excellency, Salaheddine Abbas, the High Commissioner of Cameroon to Nigeria & Dean of the diplomatic corps expressed optimism about future projects under the leadership of Nyesom Wike and encouraged collaboration with AICL.

  • AICL launches automated system

    AICL launches automated system

    In a significant stride towards modernization and efficiency, Ambassador Maureen P. Tamuno, Group Managing Director and CEO of Abuja Investments Company Limited (AICL) has unveiled an Automated Tollgate System for streamlining access control, security enhancement, and facilitation of smoother operations in Garki Ultra -Modern Market in the Federal Capital Territory.

    According to Fatima Nadada, Head of Communications, AICL, the automated system will among other things provide: Smart Access Control; also, the new system employs cutting-edge technology to regulate entry and exit at the market gates by ensuring that only authorized individuals can access the premises.

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    “In addition, there is room for real-time monitoring of activities as market administrators can monitor activities at the gates in real-time, allowing for prompt responses to any anomalies or security breaches.

     “Also, the system collects data on foot traffic, peak hours, and patterns. Thus, enabling informed decision-making by the management of the market, as well as efficient revenue collection, since it will improve automated payment processing, simplify fee collection, reduce paperwork, and enhance transparency.”

    She said the case had been handed over to the police for further interrogation and prosecution at the Children, Sexual, and Gender-Based Violence Magistrate Court in Awka.