In a bid to increase the housing stock and ease accommodation challenges in Abuja, the Federal Capital Territory Administration (FCTA), has selected private investors to develop 15 additional districts.
Under the agreement, the new investors will be provided with a total land area of 3,886 in about 15 districts of the FCT, and a total of 1million houses would be constructed in the new districts.
The investors are Dangote group, Urban shelter infrastructure limited, System property developers, African international projects, BGD properties, Gilmir Engineering Company, Am-PM global Network, Ketti East infrastructures Bolus Nigeria Limited, Deep Earth Nigeria limited Day spring limited, Haitong limited, Rosehill group and Waru-Pazema infrastructure group.
This programme is based on the initiative of the minister of FCT Senator Bala Abdulkadir Mohammed in leveraging the enormous land resources for infrastructure, better known as land for infrastructure swap initiative. The programme provides further testimony for the transformation by attracting private sector investment. In concept, the Abuja master plan was built with 79 districts with some satellite towns estimated to accommodate a total population of three million people.