The Federal Executive Council, FEC, has approved the resumption of the Federal Capital Development Authority, FCDA’s, land swap initiative that began under the previous FCT Administration.
The Minister of the FCT, Mallam Muhammad Bello, stated this in Abuja at the end of today’s FEC meeting.
He said the initiative, worth about 1 trillion Naira, was designed to remedy the infrastructure deficit in the federal capital by swapping land with private investors, who would, in turn, provide the necessary infrastructure.
The Minister said some amendments were made to the original form of the initiative by establishing a legal framework to protect all parties.
He said under it, the private investors will provide all the infrastructure within a particular district and then they would be paid for with land.
Mallam Muhammad Bello said the objective was to encourage the development of the city according to the master plan in designated districts.
According to him, such will also resolve the issue of compensation and payments and relocation of people, as the city grows, and reduce the overall housing deficit within the FCT.
Also, briefing newsmen, the Minister of Works and Housing, Mr. Babatunde Fashola, said he presented a note to the council on the need to be conscious of the increased number of road traffic crashes on federal highways, saying that the majority of accidents are not caused by bad roads.
He said the Lagos-Ibadan Highway, the Abuja-Kano Highway, and Abuja-Keffi-Lafia Highway, had the highest cumulative number of road accidents, noting that in the month of January this year, more people died of road accidents than Covid-19 and malaria combined.
He explained that a process had been set to reduce road accidents on federal highways, including sensitization of road users, the installation of road traffic signs, speed meters, and more patrol.
Mr Fashola said overspeeding, loss of control, wrongful overtaking alone had cumulated to over 70%.