Ownership of undeveloped lands will be revoked at the end of the 3 months.
The Federal Capital Territory, FCT, Administration on Thursday, at a land swap project ceremony, warned all agencies and groups to develop their housing plots or have them revoked after three months.
In a statement released by the Chief Press Secretary to the FCT minister, Muhammad Sule, the minister, Bala Mohammed, asked all agencies in the Nigerian capital to develop their housing plots in a bid to tackle land freezing and speculations in the city
The minister stated that the Abuja administration will take adequate measures in revoking undeveloped lands after the three month.
“For the avoidance of doubt, we shall take appropriate stern measures at the expiration of the three-month notice. We shall no longer accept any form of excuses for non-commencement of development on such lands,” Mr. Mohammed said
He said he was very optimistic that by 2020, Abuja will rank high in the league of 20 leading cities in the world while revealing that the FCT Land Swap project will be the fulfillment of a dream for a new model of city development emanating from private sector and government partnership.
He further stated that the project was developed to prevent allocation of land to private developers without prior provision of infrastructure, unlock dead capital by freeing land in the FCT with issuance of title documents to promote investment and reduce rental value in the city. Also, the FCTA will put the interest of the communities into consideration carefully avoiding past mistakes in the implementation of resettlement and compensation policy.
Speaking at the ceremony, the Executive Secretary of the FCTA, Adamu Ismaila, revealed that the Land Swap model, a first of its kind, will include construction of 16.4 km of roads of various sizes; provision of 16.4 of storm water drains; provision of 21.2km of foul water drains; provision of 22.3km of water distribution lines; provision of 19.9km of street lighting lines; provision of 27.6km of electric power distribution lines; provision of 14.5km of telecommunication ducts and; construction of three mini sewage treatment plants- all totaling N26,217,860,549.57, being the entire cost and 15 per cent return on investment.
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