Friday, July 23, 2021

FEC approves resumption of FCT land swap plan

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Ibrahim Ramalan
Ibrahim Ramalan is a graduate of Mass Communications from the Ahmadu Bello University (ABU) Zaria. With nearly a decade-long, active journalism practice, Mr Ramalan has been able to rise from a cub reporter to the exalted position of an editor; first as Arts Editor with the Blueprint Newspapers before resigning in 2019; second and presently as an Associate Editor of the Daily Nigerian online newspaper. He can be reached via [email protected], or www.facebook.com/ibrahim.ramalana, or @McRamalan on Twitter.
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The Federal Executive Council, FEC, has approved the resumption of the Federal Capital Development Authority, FCDA, land swap plan.

The FCT Minister, 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.

According to a report by The Nation, 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.

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