FCT Minister, Mallam Muhammad Musa Bello, laying the Foundation Stone for the Head Office of African Reinsurance Corporation at the Central Area, Abuja
The Minister of the Federal Capital Territory (FCT), Malam Muhammad Musa Bello has reiterated the commitment of the FCT Administration to support private sector institutions that would add value to the economic development of the nation’s capital.
Malam Bello stated this at the foundation stone laying ceremony of the head office of the African Reinsurance Corporation (Africa Re) in Abuja.
The FCT Minister also said the event was in line with the views and objectives of the government of President Muhammadu Buhari to encourage private sector and pan African organizations’ participation in increasing the economic development of the country.
In his words, “What you are building here today is in line with the views and objectives of the government of President Muhammadu Buhari to encourage private sector participants and also pan African organizations where Nigeria has partnership and ownership to be able to develop institutions that would serve as catalysts to increase economic activities”.
The Minister pointed out that Nigeria holds African countries on the board of Africa Re in high esteem, which was why the President himself allocated the land to the organization with an adjourning plot for the African Nexim Bank.
Malam Bello expressed the hope that the envisaged beautiful head office of Africa Re would be commissioned in the next 24 months, and will enhance the skyline and aesthetic value of the FCT.
Speaking Earlier, the Chairman, Board of Directors of the organization, Mr. Hassan Boubrik, commended the FCT Minister for all the support accorded Africa Re that culminated in the foundation stone laying ceremony being witnessed.
He assured the Minister that the head office would be built in accordance with best standards and energy saving practice, adding that the building design complies with FCTA plans on traffic management in the FCC.
In his welcome address, the Managing Director of Africa Re, Mr Corneille Karekezi, said the event was a milestone in the relationship between Africa Re and the Federal Republic of Nigeria, assuring that the Nigeria office of Africa Re would be the best in standard and hospitality.
Highlight of the event was the foundation laying of the building by all dignitaries at the event led by the FCT Minister and the Minister of State, Budget and National Planning, Mr. Clement Agba. The building is expected to cost $35Million.