FCTA ACCESSES HALF A TRILLION NAIRA INVESTMENT
The FCT Administration is today accessing about half a trillion Naira investments in infrastructure development and has also put machinery in motion to access more in the years ahead.
FCT Minister, Senator Bala Abdulkadir Mohammed (CON) made this disclosure at the weekend, while receiving the Chairman of the Infrastructure Concession Regulatory Commission (ICRC), Senator Ken Nnamani, who paid him a working visit in his office at Area 11, Garki I District, Abuja.
The Minister reiterated that the Federal Capital Territory has the potential to access this huge fund being investments in infrastructure from Public-Private-Partnership, apart from the budgetary allocation to provide same in the Territory.
Senator Mohammed recalled that it was based on this premise that the FCT Administration established the Abuja Infrastructure and Investment Centre (AIIC), a similar body to the ICRC to drive this wonderful dream, which is in consonance with the Transformation Agenda of the Federal Government.
The Minister seized the opportunity to appreciate the support and assistance of the ICRC to the FCT Administration, especially in the areas of capacity building.
His words: “Out of the budgetary allocation from the Federal Government, we are only accessing about N30 billion. But through you and other private initiatives, we are accessing investments of about half a trillion Naira”.
According to him, “The synergy exists because of your pro-activeness and dynamism as an organization that has a lot of focus on professionalism that has been opening new frontiers”.
He solicited for the further assistance of the ICRC to get more genuine investors for the Abuja Mono-Rail, which is another component of rail transportation development in the Federal Capital Territory.
The Minister added that investors are also required for “other Lots of the Abuja Light Rail project because we are currently working on only Lots 1A and 3; while the remaining 4 lots are there and of course, conceptual design has been done”.
stressed, “We have not even done the outline business scale because we require you (ICRC) to assist us”.
The Minister revealed that the FCT Administration has identified some new roads where investors are sought for genuine collaboration/partnership including roads 105 and 106, from Karshi-Apo-Gwagwalada (55 Kilometers) as well as from Dutse Alhaji- Kuje- Gwargwada (73 Kilometers) respectively.
“That will give us some leeway so that the city will have some reticulation that will be akin to what they have in the United Kingdom, the end roads and the roads interplaying and making the city unhampered by unnecessary traffic congestion so that those coming from outside, don’t have to come to the city. They can do their businesses in the periphery,” he emphasized.
Speaking earlier, the Chairman of ICRC, Senator Ken Nnamani (GCON) praised the FCT Administration for being one of the first Federal Government Agencies to table a workable Public-Private-Partnership (PPP) on infrastructural development at the Federal Executive Council.
Senator Nnamani remarked that they were in FCTA to express deep appreciation for the harmonious relationship existing between the FCT and ICRC; adding “It’s on record that you are the first serving Minister that paid a visit to the Commission so far”.
The Chairman reiterated, “We have many Ministers but I am particularly impressed with what you have done. The picture you paint encourage people to think about public/private partnership of the Federal Republic of Nigeria in good light and seem to understand that regardless of the money we earn from petroleum, the government will not have enough funds to do all the necessary things, especially improving on our infrastructure deficit, which is a common knowledge”.
“The Katampe District Infrastructure project is as important to Minister as it is to the ICRC and I think it is your first project under the Public private partnership arrangement. It will be necessary if you could do more,” he added.