The Federal Capital Territory Administration (FCTA) has concluded arrangements for President Goodluck Jonathan to perform the ground breaking of the 8 Districts, of the about the 10 Districts of the Abuja Land Swap Initiative on Thursday, this week.
The FCT Minister, Senator Bala Mohammed who made this disclosure Monday in his office, said that the flag off will take place in Waru District, along Apo, Abuja.
He said that the groundbreaking ceremony for the provision of engineering infrastructure in the 8 districts of Phase IV (South) within the Federal Capital City (FCC) is on the basis of the FCT initiative of leveraging on its land resource for infrastructure provision.
The Minister noted that the FCT is partnering with 15 investors presently in the provision of engineering infrastructure in the two sector centers of Phase IV.
“We estimate that this initiative will provide additional housing for more than 1,000,000 residents, and will further reduce the housing deficit by about 35% in the next 5 years.
“Also, it would put more money in the hands of FCT Administration for human development activity, particularly in the areas of health and education; it will further provide more than 500,000 jobs,” he stressed.
Mohammed reiterated that the flagging off is meant to also jump start development in those areas to bid farewell to Land Speculation, freezing and racketeering in the Territory.
According to him, the Land Swap has been strategically planned to key into the Transformation Agenda in order to drastically reduce housing deficit in the Territory.