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FCT Administration targets N500bn PPP investments

By on September 3, 2013

The Federal Capital Territory Administration has said it is accessing about N500bn investments for  infrastructure development and has also put machinery in motion to access more in the years ahead.

The Minister of the Federal Capital territory, Bala Mohammed, who stated this while receiving the Chairman, Infrastructure Concession Regulatory Commission, Senator Ken Nnamani, in Abuja on Saturday, 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.

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.

The minister appreciated the support and assistance of the ICRC to the FCTA, especially in the area of capacity building.

“Out of the budgetary allocation from the Federal Government, we are only accessing about N30bn. But through you and other private initiatives, we are accessing investments of about half a trillion naira,” Mohammed said.