$3trillion needed for infrastructure in Abuja 'Jonathan

The Federal Capital Territory (FCT), Abuja, has been said to require about N2.6 trillion in the next four years for provision of infrastructure in the territory.This is even as the land swap project of the FCT administration was described as further testimony to the impact of the administration's commitment in transforming governance, especially in attracting private sector investment in public infrastructure.President Goodluck Jonathan, while performing the ground-breaking ceremony of land swap districts on Thursday, noted that the amount for infrastructural provision in Abuja was part of an integrated infrastructure master plan.He disclosed that his administration had fashioned out a 30-year national infrastructure integrated master plan that would cost $3 trillion to provide infrastructure in the major sectors of the economy.Jonathan, represented by Vice President Namadi Sambo, disclosed that the master plan would run between 2013 and 2043.He said the 30-year master plan, which had been approved by the Federal Executive Council (FEC), would cover all the major infrastructures, such as energy, transportation, security, among others.He said: 'In line with the transformation agenda of our administration and in realising the inadequacies of an infrastructure plan, I directed a 30-year national integrated plan be put together by stakeholders.'This plan has been presented to the FEC and has been duly approved'This national integrated master plan will require a total investment of $3 trillion over a period of 30 years from 2013 to 2043'The sectors for investment include energy about $1 billion, transportation $775 billion, agriculture, water and mining $400 billion, housing and regional development $350 billion, ICT $325 million, social infrastructures $150 billion and vital registration and security $50 billion,' he said.Earlier, FCT Minister, Senator Bala Mohammed, stated that 15 investors in the land swap project would spend N64 billion on the funding of infrastructure and housing for the original inhabitants of Abuja affected by the project.According to him, a total of $6 billion investment is expected to be injected to the project by investors noting that N4 billion have so far been expended by investors to produce the necessary critical documentation for the districts.
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