x

JUST IN: FEC okays resumption of FCT land swap plan

The Federal Executive Council (FEC) has approved the resumption of the Federal Capital Development Authority (FCDA) land swap plan.

Minister of the Federal Capital Territory (FCT), Mohammed Bello, disclosed this to State House Correspondents at the end of the week’s virtual Council meeting, presided over by President Muhammadu Buhari on Wednesday at the Presidential Villa, Abuja.


The initiative, which worth was put at about N1 trillion under the previous dispensation, was designed to remedy the infrastructure deficit in the federal capital by swapping land with private investors who would in turn provide necessary infrastructure.

The minister said FEC approved the resumption following a memo he presented to the council.

He said some amendments were made to the original form of the initiative by establishing a legal framework to protect all parties.

Hot this week

PCRC Zone 4 Trains Members on Community Policing in Lafia

By Leo Zwanke, Lafia The Police Community Relations Committee (PCRC),...

Kaduna Gov Sani Signs Development Framework with Gates Foundation at UNGA

By Achadu Gabriel, Kaduna Governor Uba Sani of Kaduna State...

20 Die, Several Missing in Kogi Boat Accident

By Noah Ocheni, Lokoja At least 20 people have died...

Nigeria @65: FCTA Distributes Baby Kits, Gas Cookers to Pregnant Women in Abuja

By Joyce Remi-Babayeju To mark Nigeria's 65th Independence Day Anniversary,...

UIO Urges FG to Enforce Safety Standards in Inland Waterways Transportation

By Noah Ocheni, Lokoja The Ukomu Igala Organisation (UIO) has...

Coalition Praises Tinubu’s Reforms, Hails Tunji-Ojo’s Role in National Transformation

By Israel Adamu, Jos A coalition of civil rights organizations...

Tinubu Approves 100Km Stretch of Lagos-Calabar Coastal Highway Through Edo State

Umahi praises Gov. Okpebholo, contractor CBC for infrastructure efforts By...

North Central Development Commission Pledges Transparency in ₦140bn Budget as NASS Reviews Estimates

By Israel Adamu, Jos The North Central Development Commission (NCDC)...

Zulum Approves Hospital, Water Facilities, Security Measures for Violence-Hit Kirawa Community

By Achadu Gabriel, Kaduna Borno State Governor, Prof. Babagana Umara...

Senator Lalong Chairs UNIJOS Alumni Lecture, Calls for Safeguards in Justice Delivery in Digital Age

Senator Simon Bako Lalong, representing Plateau South Senatorial District...

Amnesty International Urges FG to Cut Political Spending, Prioritize Economic Diversification

By Noah Ocheni, Lokoja Amnesty International has called on the...

Kogi Government, FG Empower 8,600 Households with Cash Transfer Programme

By Noah Ocheni, Lokoja The Kogi State Government, in partnership...

Related Articles

Popular Categories

spot_imgspot_img