Local News

FCTA Reintroduces Land Swap Initiative To Bridge Housing Deficit

By Remi Johnson

The Federal Capital Territory Administration (FCTA) has reintroduced land swap initiative to fast track rapid development , especially in the area of bridging housing deficit.

Performing the flag off ceremony in Abuja, Minister of the FCT, Malam Muhammad Musa Bello handed over Gwagwa district phase IV, for the Land Swap project .

The FCT Minister who was optimistic that the reintroduction of land swap would change narratives in the housing sector, enjoined partners to execute the project within the specified terms and conditions.

“The project which is coming under the land swap initiative was developed as a means of fast-tracking infrastructure development in the FCT…this is one in the series of the projects that we are going to flag off before the end of our administration…the FCTA is going to be very tough on ensuring the protection of the interest of the state, people and private partners”, Bello assured.

The FCT Minister who officially handed over the Gwagwa site to partners which include Gwagwa Concession Ltd,
Julius Berger PLC and UBA as financiers of the FCT Land Swap programme, said government alone cannot fund FCT infrastructural needs that runs into trillions.

According to the FCT Minister, investors are expected to within 10-year development plan, facilitate provision of infrastructure in given site.

A development that is believed would help to resolve issue of compensation and resettlement of indigenous people.

On his part, the Permanent Secretary FCTA, Mr Olusade Adesola who pointed out that Government is a continuum, said the reintroduction followed President Muhammadu Buhari directive that Ministers should ensure continuation of all ongoing projects that are people oriented.

The land swap initiative (which is a PPP arrangement) was the brain child of the previous administration under Senator Bala Mohammed’s tenure designed to address infrastructure gap, but was later suspended.

Edited by Enuwa Ochai

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