Abuja Investments Company Abuja Investments Company Abuja Investments Company Limited (AICL) is a leading business development and investment holding company for the Federal Capital Territory Administration (FCTA), based in the Capital City - Abuja, Nigeria. AICL was incorporated in 1994 as Abuja Investment and Property Development Company (AIPDC). The firm has since undergone a number of restructuring processes and currently 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
Abuja for Abuja came because of Lagos' population boom that made that city overcrowded and conditions squalid. As Lagos was already undergoing rapid economic development, the Nigerian regime felt the need to expand the economy towards the inner part of the country, and hence decided to move its capital to Abuja. The logic used was similar to the way Brazil planned its capital, Brasília. The decision to move to Abuja was made by General Murtala Mohammed in 1976. Construction started in the late 1970s but, due to economic and political instability, the initial stages of the city were not complete until