FCTA Seeks $1.5bn Green Investment to Transform Abuja Energy, Transport Sectors
Olawale Ajimotokan in Abuja The Federal Capital Territory Administration (FCTA) is seeking to attract approximately $1.5 billion in green investment to transform Abuja’s energy and transportation sectors as part of
The Federal Capital Territory Administration (FCTA) is pursuing an investment of around $1.5 billion to modernize Abuja’s energy and transportation infrastructure, addressing the infrastructure challenges brought about by the city’s rapid urban growth. This initiative came to light on November 5, 2026, when the FCTA announced the receipt of two significant private-sector proposals aimed at advancing sustainable e-mobility and waste management in the territory.
The initiatives were presented at the FCT Post-COP30 Investment Roundtable in Abuja, which focused on attracting investment for green infrastructure and e-mobility.
Acting Head of Service, Mrs. Nancy Sabanti Nathan, representing FCT Minister Nyesom Wike, disclosed that the administration is pursuing innovative financing and private-sector collaborations to meet the escalating infrastructure demands arising from Abuja’s urban expansion. The largest proposal, valued at approximately $1.5 billion, comes from Magnifique Integrated Concept Limited and its consortium partners.
This proposal is designed to develop an integrated e-mobility system, alongside supporting energy infrastructure, which will encompass electric mass transit, cleaner vehicle technologies, charging infrastructure, energy systems, and digital transport services. Mrs. Nathan emphasized the pressing need for investments in cleaner energy and efficient transportation due to the city’s growing population, which has put considerable strain on existing infrastructure.
Additionally, Hallmark Technologies and General Services Limited submitted a proposal focused on transforming municipal waste into economic assets through comprehensive waste-to-wealth systems. This initiative aims to promote resource recovery and generate biocompost to enhance agricultural productivity across farming communities within and around the FCT.
The investment roundtable was convened by Adamu Ibrahim Wanki, Chairman of the FCT Green Bond Committee and Permanent Secretary of the Treasury and Budget Department. Wanki mentioned that the roundtable was convened to build upon the momentum generated by Abuja’s participation in the COP30 climate summit in Belém, Brazil. The committee's objective is to transform the expressions of interest received at COP30 into concrete investment-ready projects capable of attracting necessary financing.
Speaking on behalf of the Director-General of the National Council on Climate Change (NCCC), Ms. Benny Ejiofor delivered a goodwill message. She highlighted that Nigeria’s third Nationally Determined Contributions (NDC 3.0) has set a national climate financing target of $337 billion between 2026 and 2035, signaling a strong commitment to sustainable development and green infrastructure investments across the nation.
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