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FCT Land Swap Plan Approved For Resumption

by YAGI1

The Federal Executive Council (FEC) on Wednesday, June 16 approved the resumption of the Federal Capital Development Authority (FCDA) land swap plan.

the approval followed a memo presented to the council during the meeting presided over by President Muhammadu Buhari at the Presidential Villa, Abuja.

FCT Minister, Mohammed Bello, disclosed this while briefing State House correspondents shortly after a virtual meeting of the council.

the initiative, which was put at about N1 trillion under the previous dispensation, was designed to remedy the infrastructure deficit in the federal capital by swapping lands with private investors who would in turn provide the necessary infrastructure. Bello further explained that amendments were made to the original form of the initiative by establishing a legal framework to protect all parties.

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