The Abuja Investment Company Limited (AICL), the investment arm of the Federal Capital Territory Administration (FCTA), has announced its commitment to redevelop the Kado Fish Market in Gwarimpa I District, Abuja.
Dr. Maureen Tamuno, the Group Managing Director (GMD) of AICL, disclosed this during her visit to the market on Monday. The visit was aimed at assessing the current state of the market and engaging with key stakeholders, including the Market Association and traders.
Tamuno highlighted the strategic importance of the Kado Fish Market, which serves as a crucial hub for fish-related commerce in Abuja, attracting customers from six to seven neighboring states. During her visit, she observed various market operations, including the use of cold rooms for fish preservation, which play a vital role in sustaining livelihoods and supporting the local economy.
Acknowledging the urgent need for redevelopment, Tamuno pointed out the health risks associated with the market’s aging infrastructure. She emphasized the importance of a collaborative approach that involves both the Market Association and traders to ensure that the redevelopment is conducted in a phased and inclusive manner.
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“In line with President Bola Ahmed Tinubu’s ‘Renewed Hope Agenda,’ the government is focused on engaging the community to ensure their active participation in the redevelopment plans,” Tamuno stated. She added that further meetings are planned to refine the redevelopment strategy, ensuring that it benefits not only the market stakeholders but also the broader community.
Mohammed Ibrahim, Chairman of the Kado Fish Market Traders Association and General Secretary of the National Association of Nigerian Traders, FCT Chapter, acknowledged Tamuno’s visit as the first official engagement with the market since its inception. He noted that previous discussions had been unofficial, and her visit provided an opportunity to review and consider partnership plans with AICL.
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However, Ibrahim also addressed ongoing legal issues, explaining that the matter is currently in court due to a lack of agreement and proper communication with the traders. He expressed hope that Tamuno’s visit would pave the way for meaningful discussions and collaboration.
According to Abuja Digest, while the discussions were generally positive, traders expressed concerns about trust in government-led projects, particularly regarding transparency and their involvement in the redevelopment process. In response, Tamuno reassured them of the administration’s commitment to openness and inclusion.
