The Federal Capital Territory has commissioned the first phase of the Kugbo International Market, a project aimed at boosting trade, empowering small businesses, and creating jobs across the region.
Minister of State for the FCT, Dr Mariya Mahmoud, said the market—developed through a public-private partnership—will play a key role in driving economic growth, generating government revenue, and supporting President Tinubu's Renewed Hope Agenda.
Built by Abuja Investment Company Limited in partnership with Mesotho Group under a Build-Operate-Transfer (BOT) arrangement, the market includes over 1,600 shops and business spaces, with modern amenities designed to support entrepreneurs.
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Dr Mahmoud described the market as more than a trading hub, calling it "an ecosystem designed to support businesses, empower entrepreneurs, and attract investment."
Amb. Maureen Tamuno, CEO of Abuja Investment Company Limited, said the market addresses major SME challenges such as lack of capital and access to business spaces. She announced that some shops would be gifted to hardworking traders from the six area councils in FCT to further promote inclusive economic empowerment.
The new market features lock-up and terrace shops, warehouses, banking halls, a fire station, clinic, and restaurants—all built to modern standards.
