FCT Administration Targets ₦500b PPP Investment

The Federal Capital Territory Administration has said it is accessing about ₦500billion investments for infrastructure development and has also put machinery in motion to access more in the years ahead.

Bala Mohammed, Minister of the Federal Capital territory, noted that the FCTA had the potential to access funds for investments in infrastructure in the private sector, apart from budgetary allocations to provide infrastructure while receiving the Chairman, Infrastructure Concession Regulatory Commission, Senator Ken Nnamani, in Abuja on Saturday.

The minister appreciated the support and assistance of the ICRC to the FCTA, especially in the area of capacity building and said they only accesses about ₦30billion out of the budgetary allocation from the Federal Government, but through other private initiatives, they are accessing investments of about half a trillion naira. According to him, it is based on this premise that the FCT Administration established the Abuja Infrastructure and Investment Centre, a similar body to the ICRC, to drive the dream in consonance with the transformation agenda of the Federal Government.