The Federal Executive Council (FEC) has approved the resumption of the Federal Capital Development Authority (FCDA) land swap initiative, which was introduced during Goodluck Jonathan’s administration.
The Minister of the Federal Capital Territory, Mohammed Bello, disclosed this to State House correspondents at the end of the Federal Executive Council meeting held on Wednesday and presided over by President Muhammadu Buhari at the First Lady’s Conference Room at the presidential villa, Abuja.
The initiative worth N1 trillion was initially designed to aid infrastructure deficit in the FCT by swapping land with private investors who would in turn provide the necessary infrastructure.
FEC approved the resumption following a memo presented to the council by the FCT Minister.
