Once again, investors and the federal capital territory administration (FCTA), Abuja, are back to operation following approval for resumption of the ambitious Land Swap Initiative by the federal executive council (FEC) early last week. The Abuja Land Swap was initiated by the Bala Mohammed administration and was valued then at N1 trillion.
In simple terms, the initiative means engaging the private sector to provide infrastructure in exchange for land. The aim, essentially, is to open up new districts in the FCT by constructing and completing access roads to those districts.
The initiative releases government land for economic activities such as real estate and industrial development; it also solves one of the major problems of urban or city development which is the provision of good network of roads and associated infrastructure.
