Headquarters Abuja, FCT, Nigeria Net income (2009) Number of employees 58 (2010) | Revenue US$ (2009) Founded 1994 | |
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Type Holding Company (Government owned) Industry Diversified Investments Key people Dr. Musa A. Musa, GMD/CEO Parent organization Federal Capital Territory Administration Profiles | ||
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.
Contents
History
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 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. With over $100M currently under management AICL has grown to become a world class investment firm with a diversified portfolio to include investments in Transportation, Technology, Real Estate, etc.
Holdings
The following are subsidiaries and business affiliates under AICL:
Subsidiaries
Affiliates
Business Services
AICL in its capacity as a quasi-government organisation has since been in the business of structuring public-private partnerships. In this vein the company offers the following services:
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 City, 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:
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 is working on incorporating the American Hospital, a project that has been underway since 2009.
Real Estate & Infrastructure
AICL holds investments in:
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:
Transportation
AICL has contributed immensely 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 adhoc 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: