The Federal Executive Council (FEC) on Wednesday approved the continuation of the Federal Capital Development Authority (FCDA) N1 trillion land swap initiative.
The initiative, designed by the previous administration, was designed to remedy the infrastructure deficit in the federal capital by swapping land with private investors who would in turn provide necessary infrastructure.
Federal Capital Territory Minister (FCT), Mohammed Bello, disclosed this after the Federal Executive Council meeting chaired by President Muhammadu Buhari at the State House, Abuja.
Bello said the approval was given after the presentation of a memo, adding that some amendments were made to the original form of the initiative by establishing a legal framework to protect all parties
