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.