Abuja Investments Company

Abuja Investments Company Limited (AICL) is a Nigerian development and investment company for the Federal Capital Territory Administration (FCTA), based in the city of Abuja. It provides investments for economic development for the Federal Capital Territory region in Nigeria.

History

AICL was incorporated in 1994 as Abuja Investment and Property Development Company (AIPDC).

The firm has Undergone a number of restructuring processes and functions as an interface between the government and investors interested in operating within the Federal Capital Territory.

AICL was created and is wholly owned by the Federal Capital Territory Administration (FCTA) with the vision to build capacity in public private partnership administration and asset management for sustained development. AICL was conceived to be a publicly owned yet privately funded Limited Liability Company to act as the FCT's Holding Company. , it had over $100M under management AICL and had grown to become an investment firm with a diversified portfolio to include investments in transportation, technology and real estate.

Holdings

The following are subsidiaries and business affiliates under AICL:

Subsidiaries

• Abuja Property Development Company Limited (APDC) 100%
• Abuja Urban Mass Transport Company Limited (AUMTCO)] 100%
• Abuja Market Management Limited (AMML) 95%
• Abuja Technology Village Free Zone (ATVFZ) 51%
• Abuja Film Village Ltd 50%
• Gas Farm Project 50%

Affiliates

• Abuja Leasing Company (ALC) 20%
• PowerNoth AICL Equipment Leasing Company 20%
• American Hospital 20%
• ASO Savings & Loans Plc 10%
• Abuja Power Company Ltd 10%
• Capital Hotels (Sheraton Hotels and Towers Abuja]) 6.51%
• Abuja Downtown Mall 5%

Business Services

AICL in its capacity as a Quasi-governmental organization has been in the business of structuring public-private partnerships. In this vein the company offers the following services:

• Business Development
• Financial Advisory
• Investment Management
• Project Management
• Real Estate Development
• Venture Capital

Banking & Finance

AICL helped structure Aso Savings & Loans Plc the foremost Mortgage Banking institution in the Capital City.

Commerce

AICL's subsidiary Abuja Markets Management Limited (AMML) provides facility management services to almost all markets in the capital, Abuja.

Energy

The company has structured various platform companies for the economic development of the FCT in the energy sector, a couple of such companies are:

• Gas Farm Project
• Abuja Power Company

Entertainment & Hospitality

AICL has strategic holdings in Capital Hotels (Sheraton Hotel & Towers, Abuja) and is parent company to Abuja Film Village

Environment

In partnership with the Abuja Environmental Protection Agency (AEPB), AICL has made huge investments in this sector especially in the provision of waste disposal trucks through the incorporation of PowerNoth AICL Equipment Leasing Company for the clearance of waste from the city center.

Health

AICL has worked on incorporating the American Hospital, a project that has been underway since 2009.

Real Estate & Infrastructure

AICL holds investments in:

• Abuja Property Development Company Limited (APDC)
• Abuja Downtown Mall

Technology

In line with the Federal Capital Territory Master Plan, AICL set up the following companies to create increased capacity in the technology sector and improve existing automotive services in the region:

• Abuja Technology Village Free Zone
• Abuja Automotive Village

The Abuja Investment Company Limited (AICL) has introduced an Automated Tollgate System at Garki Ultra-Modern market to enhance security, streamline access improve revenue collection, and boost operational efficiency. AICL says the initiative will support market growth and strengthen the FCT economy.

Transportation

AICL has contributed to the transportation sector of the economy through the establishment of two key subsidiary companies: Abuja Leasing Company (ALC) and Abuja Urban Mass Transport Company (AUMTCO).

ALC provides a platform for individuals and companies to purchase vehicles for taxi services under a PPP structured arrangement tagged 'Abuja Green Cab Scheme'. This scheme provides lease finance to qualifying Nigerians over a tenure of up to four years for the purchase of Cabs.

AUMTCO provides subsidized transportation services to all inhabitants in the Federal Capital Territory (FCT). The company has over 150 buses which ply designated routes in the capital city and provides ad hoc transportation services to satellite towns which provide most of the workforce to the Capital City.

Partners

Over the years Abuja Investments Company Limited has been noted to work with the following companies:

• Abuja Environmental Protection Board
• African University of Science & Technology
• Aso Savings & Loans Plc
• Churchgate Group
• Craft Technologies Limited
• Kakara Rapid Development

See also

• Nigerian Investment Promotion Commission
• Federal Ministry of Industry, Trade and Investment (Nigeria)
• Economy of Nigeria