President Goodluck Jonathan will on Thursday, January 8, 2015 commence the Abuja Land Swap Initiative.
This was made known by the Federal Capital Territory Minister (FCT), Senator Bala Mohammed on Monday, January 6, 2015 who said the scheme would begin in Waru District, along Apo, Abuja and would provide housing for one million Nigerians and create 500,000 jobs.
He said the scheme was directed at leveraging on its land resource for infrastructure provision, noting that the FCT was partnering fifteen investors to provide engineering infrastructure.
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.”
Mohammed also stated that the land swap scheme is directed at being an integral part of the Transformation Agenda of the Federal Government in order to drastically reduce housing deficit in the FCT.