Revamp Idu industrial hub to boost economic growth, ACCI president urges FG

The Abuja Chamber of Commerce and Industry (ACCI) has asked the federal government to prioritise revitalising the federal capital territory’s industrial sector, particularly the Idu yard industrial hub.

Emeka Obegolu, president of ACCI, spoke at a media parley in Abuja on Tuesday.

Obegolu said the Idu hub used to be envisioned as a beacon of economic growth and job creation, however, the hub’s potential remains largely untapped due to neglect and systemic challenges.

He highlighted poor infrastructure, unreliable electricity supply, and inadequate security as challenges that have forced many businesses to close their operations.

“The state of the roads leading to and within the industrial layout is deplorable, making transportation costly and inefficient,” the ACCI president said.

“While we commend the administration for recent interventions such as the completion of a functional train station and the installation of streetlights, much more remains to be done.”

He recommended major actions the government needs to take to revitalise the Idu yard industrial hub. 

“Repair and expansion of roads to enhance logistics and reduce operational costs. Deploy alternative energy solutions for uninterrupted electricity,” he said.

“Strengthening security measures to restore investor confidence. Simplification of tax processes to reduce financial burdens on businesses. Also, programs to train and engage young people in industrial skills development.”

Obegolu also urged the ministry of industry, trade and investment, the federal capital territory administration (FCTA), and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to prioritise industrial development in their budget implementation.

The ACCI president, who is also the leader of the organised private sector (OPS) in FCT, underscored the critical role of the media in advocacy and accountability.

“By spotlighting these pressing issues, the media can catalyse action from policymakers and stakeholders,” he said.

Obegolu called for continued collaboration between the media, government, and private sector stakeholders to transform neglected zones into vibrant economic activity centres.