Share this:

Like this:

Like Loading...
" />
Published On: Wed, Oct 18th, 2017

Investors urged to explore biz opportunities on Abuja Railway corridors

Share This

The FCT Minister, Malam Muhammad Musa Bello, has invited investors to take advantage of the huge business opportunities that would be offered by the completion of the FCT Light Rails Mass Transit System.
Bello revealed that the entire rail transit corridor offers an array of business opportunities for restaurants, parking lots and shopping malls to mention but a few.
The FCT Minister made this assertion while fielding questions from newsmen in his office, recently.
According to him, the large swathe of space on the rail line corridors contains 12 stations, including the central metro station near the World Trade Centre in the Central Business District.
He hoped that the network would substantially increase economic activities in the FCT.
On why there has not been land allocation since he took office, the FCT helmsman lamented the abuse of the land processes in the past resulting in large incidences of land use mismatch.
He reiterated that almost all the phases within the Federal Capital City have been allocated except for Phase 5.
“FCT Administration needs over N80billion to provide infrastructure in the already allocated districts.
“We are grappling with a situation where plots were allocated in a manner that outstripped the capacity of the Administration to provide infrastructure.
“Most beneficiaries commenced development under the pressure for accommodation and today we have houses built on spaces earmarked for roads, natural water ways, public utility lines and so on,” he said.
He stressed that land is a finite object, while drawing analogy from other advanced cities of the world, stating that a time comes when land finishes.
He appealed to the FCT public to avoid the bubble of land activities and businesses which usually results in needless speculations and scam.
Bello further explained that time has come for people to patronise secondary channels like mortgages and other similar sources.
He exhorted Nigerians to be patient with the Administration saying development is a process and a not switch.
He reiterated that Abuja, is a consciously planned and executed city in tandem with a master-plan.
On street lighting, Bello explained that the FCT was contending with the spate of vandalization of public utilities by criminals.
He added that FCT has 300km of streetlights and given the rate of one pole per 10 meters distance, the Administration, has over 3000 poles, all he said require a massive amount of resources to power and to protect.
He disclosed that the Administration achieved a milestone when it resolved the issue of flawed billing system which resulted in a very huge liability.
Bello announced that FCTA had offset all confirmed bills it inherited and has ensured that all power consumed by the Administration is metered to ensure appropriate billing.
The Minister also pointed to the challenge of rationing of power by the Abuja Electricity Distribution Company (AEDC).
To this end, he the Administration was making arrangements for off grid solution to the perennial challenge of streetlighting in the FCT, and consequently the Administration was looking the way of solar panels and generators as back-up for power during off-grid times.
Bello also expressed delight that some infrastructure projects would go off the budge line this year and next year as works on them have been completed or are about to.
He said the Administration’s strategy was to complete the three roads leading into and outside the city; these are the Gwagwalda-Airport, Zuba-Kubwa and Keffi-Nyanya-AYA express roads.
He added that it also includes the major city road arterials like the Constitution and Independence Roads among others, declaring that the strategy has paid off.
“Our next attention is to the satellite towns. Work is now going on the Dutse Alhaji – Kubwa road, Karu Township infrastructure – for which the National Executive Council has approved N2.6 Billion; as well as the Karshi – Apo roads among others,” he stressed.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

%d bloggers like this: