Nigeria

Nigerian government’s decision on land swap a revolutionary step – investor

The Federal Capital Territory (FCT) administration has raised alarm over rising cases of insecurity and vandalism in the territory. Abuja

Chief Executive Officer, Hongye International Limited, Chief Moses Ayom has described the decision of the Federal Executive Council to lift the FCT Land Swap Programme as a revolutionary step towards bridging the infrastructure deficit in the nation’s capital.

Ayom, a promoter of Ketti District under the FCDA land swap programme, has noted that the decision attested to President Muhammadu Buhari’s endless commitment to fasttrack Nigeria’s quest to overcome her infrastructure, housing and employment challenges.

In a statement at the weekend, the investor said this “is a new dawn for Nigeria. A major stumbling block for investor confidence has been lifted. I congratulate all Nigerians for this”.

Explaining the benefits of the decision, Ayom said he was on the first Presidential trade mission to China in 2016 alongside Africa’s richest man, Alhaji Aliko Dangote.

He said: “With the opening of new districts, cases of traffic congestion, housing deficits, infrastructural decay and environmental hazards will become things of the past. Alhaji Aliko Dangote is also a beneficiary of the Land swap project (Sheretti district).

“With this decision, his dream of establishing Africa’s largest Green Smart City in Ketti will now be a reality, while further revealing that Nigerians will soon begin to witness urbanization programmes similar to cities like Dubai, Qatar, Schenzen and Milton Keynes.”

Ayom assured Nigerians that the cost of housing would be drastically reduced with the various partnerships and synergies investors like him had put in place.

He disclosed that already, the Hongye group has signed a development partnership agreement with the Federal Housing Authority and other international environmental investors to develop Ketti district covering 308 hectares to international standards.

The entrepreneur expressed delight that the massive infrastructure projects would absorb thousands of unemployed youths as his sister companies operating quarry sites would now be put to proper use.

He praised the Governor of the Central Bank of Nigeria. Mr Godwin Emefiele for approving a N1billion loan under the Real Sector Support Facility to his company Granite and Marble Ltd as counterpart funding in an investment agreement signed with SBM China Limited, one of the world’s biggest manufacturers of mining equipment to establish Africa’s largest mining processing plant in Abuja to be drawn from Zenith Bank Plc.

According to the investor, this is the time to realize the full benefits of this agreement that was signed during the presidential trade mission to China in 2016.

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