Abuja — Minister of the Federal Capital Territory, FCT, Senator Bala Mohammed, Tuesday, reiterated the commitment of his administration to ensure that Abuja natives were adequately compensated under the new land swap policy.
He said the FCTA would pay adequate compensation for economic trees and farmlands to be affected by the scheme.
Senator Mohammed gave the assurance while meeting with chairman of Abuja Municipal Area Council, graded chiefs, district heads, village heads and youth leaders of those to be affected by the opening up and provision of infrastructure for the 10 new districts under the Land-Swap-Model-Initiative in the Phase IV of the Federal Capital City.
He revealed that the ground breaking of the Land Swap Model would be performed in March 2013, adding that the new initiative was to use land as resource for investors to bring in the capital to provide basic infrastructure and recoup their investment from the sale of such land.
The Minister said under the policy, the government will not put a dime into the provision of infrastructure as the investors were expected to source for over N300 billion to finance the projects.
He restated that any square meter of land taken would be adequately compensated for in tune with World best practices; insisting that no investor will be allowed to commence work without putting in the cost of compensation.
But he warned that the FCT Administration would not condone lawlessness as no government would take kindly to violation of its laws.