The Federal Capital Territory Administration (FCTA) is seeking $1.5 billion in private investment to improve public transportation and waste management in Abuja.
The administration has received two private-sector proposals covering electric mobility and waste management.
$1.5bn proposal targets public transport
Magnifique Integrated Concept Limited and its consortium partners submitted the larger proposal, valued at approximately $1.5 billion.
The project will cover electric mass transit buses, charging stations, supporting energy systems and digital transport services across the territory.
Acting Head of Service of the FCT, Nancy Sabanti Nathan, disclosed the proposals at the FCT Post-COP30 Investment Roundtable in Abuja.
She said the capital’s rapid expansion had increased pressure on existing infrastructure and raised demand for efficient transport and cleaner energy.
According to Nathan, the proposed transport system will deploy electric and compressed natural gas (CNG) buses to ease commuting, particularly in densely populated areas.
She added that transport operators would introduce digital tracking systems to improve passenger safety and tackle criminal activities associated with commercial transport, popularly known as ‘one-chance’.
Second proposal focuses on waste management
Meanwhile, Hallmark Technologies and General Services Limited submitted a separate proposal to convert municipal waste into useful resources.
The project will promote recycling, composting and other waste-to-wealth initiatives. It will also produce biocompost to support farming communities across the territory.
However, the FCTA said both proposals would undergo technical feasibility assessments, risk reviews and regulatory checks before implementation.
The administration also plans to structure transparent public-private partnerships (PPPs) to attract investors while protecting public interests.
FCTA prepares for COP31
The investment drive also forms part of the administration’s efforts to attract climate financing and develop sustainable infrastructure.
Adamu Ibrahim Wanki, chairman of the FCT Green Bond Committee, said the investment roundtable would help convert expressions of interest into bankable projects.
He urged financial institutions, development partners and private investors to establish clear financing arrangements and implementation timelines.
Similarly, Benny Ejiofor, head of climate finance at the National Council on Climate Change, said Nigeria’s third Nationally Determined Contributions (NDC 3.0) set a climate financing target of $337 billion between 2026 and 2035.
The FCTA plans to present its green infrastructure proposals at a dedicated side event during COP31 to attract further investment.
