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FCTA to earn N1.5tr from land swap

The land swap policy of the Federal Capital Territory Administration (FCTA), an initiative of the FCT Minister, Sena­tor Bala Mohammed, has been described as a fan­tastic and resourceful ini­tiative that would attract over N1.5 trillion invest­ment into the capital city.

Senior Special Assis­tant (SSA) to the minister on Administration, Chief Emmanuel Awodu, told Daily Times on Monday, in Abuja, that the project alone would deliver 25,000 plots and create about 500,000 employment op­portunities, while the sum of N6 billion is being ear­marked for the construc­tion of Gude resettlement district for the original in­habitants.

Chief Awodu, said that the recent ground break­ing ceremony, performed by President Goodluck Jonathan, for work to com­mence on the development of about eight districts si­multaneously, showed his sincere commitment to the transformation agenda of his administration.

He said, “The land for infrastructure swap policy, is a fantastic and resource­ful initiative that has been adopted by the Honourable Minister to leverage on private sector resources, for continuous accelerated development of the FCT.

“It is a transforma­tional concept that will build the city without any financial or risk involve­ment of the government, as the private investors would provide engineer­ing infrastructure, such as 464km of roads, 696km of street light lines, 2566km of electricity distribution lines and 334km of tele­communication ducts,” the administrative chief explained.

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