President Goodluck Jonathan will on Thursday in Abuja perform the ground-breaking of the eight districts out of the 10 districts making up the Abuja Land Swap Initiative.
Minister of the Federal Capital Territory, Senator Bala Mohammed, who made this disclosure on Monday, added that the commencement of the initiative would take place in Waru District, along Apo, Abuja.
Mohammed pointed out that the district would provide housing for one million Nigerians and generate 500,000 jobs.
He said that the ground-breaking ceremony for the provision of engineering infrastructure in the eight districts of Phase IV (South) within the Federal Capital City was informed by the FCT initiative of leveraging on its land resource for infrastructure provision.
The minister explained that the FCT was partnering 15 investors presently in the provision of engineering infrastructure in the two sector centres of Phase IV.
He said, “We estimate that this initiative will provide additional housing for more than one million residents and will further reduce the housing deficit by about 35 per cent in the next five years as well as 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 further stressed that the project was meant to also jump-start development in those areas and to end land speculation and racketeering in the nation’s capital.
According to the minister, the land swap has been strategically planned to key into the Transformation Agenda of the Federal Government in order to drastically reduce housing deficit in the FCT.