The Federal Capital Territory Administration (FCTA) is seeking private investment to improve public transportation,energy infrastructure and waste management in Abuja after receiving two proposals targeting the territory’s green infrastructure.
The larger proposal, valued at approximately $1.5 billion, was submitted by Magnifique Integrated Concept Limited and its consortium partners for an electric mobility project covering mass transit buses, charging infrastructure, supporting energy systems and digital transport services.
The second proposal, submitted by Hallmark Technologies and General Services Limited, focuses on converting municipal waste into economic resources through recycling, composting and other waste management initiatives.
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Nancy Nathan, acting head of service of the FCT, disclosed the proposals on Thursday at the FCT Post-COP30 Investment Roundtable in Abuja, themed ‘Mobilising Investment for Green Infrastructure and Sustainable E-Mobility in the FCT’.
Nathan, who represented Nyesom Wike, FCT minister, said Abuja’s expansion had increased pressure on existing infrastructure, particularly transportation, energy supply and waste management.
She said the proposed e-mobility project would introduce electric and compressed natural gas (CNG) buses to improve public transportation, particularly during peak commuting periods in densely populated areas.
The proposed transport system would also incorporate digital tracking technology to improve passenger safety and address incidents of kidnapping and robbery associated with commercial transport operations, commonly referred to as ‘one-chance’.
Nathan said the waste management proposal would produce biocompost for agricultural use, providing an additional resource for farming communities in the FCT.
The proposals will, however, undergo technical and regulatory assessments before implementation.
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The FCTA’s Economic Planning, Revenue Generation and Public-Private Partnership Secretariat said the proposed investments, including the $1.5 billion e-mobility project, would be subjected to feasibility assessments, risk allocation reviews and regulatory compliance checks before partnership agreements are concluded.
The administration said it was seeking public-private partnership arrangements capable of attracting private capital while protecting public interests.
Adamu Ibrahim Wanki, chairman of the FCT Green Bond Committee and permanent secretary of the Treasury and Budget Department, said the roundtable was organised to build on the administration’s participation at COP30 in Belém, Brazil, and convert investment proposals into bankable projects.
He urged development finance institutions, private investors and regulatory agencies to agree on financing arrangements, institutional responsibilities and implementation timelines to advance the projects.
The investment drive comes as Nigeria faces significant financing requirements for its climate commitments.
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.
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Ejiofor, who delivered a goodwill message on behalf of Omotayo Newe Majeekodumi, director-general of the council, said achieving the target would depend on developing investment-ready projects and attracting private and development finance.
She said the council would support the FCT through blended finance, green bonds and concessional climate financing.
A communiqué issued at the end of the roundtable identified electric mobility, renewable energy, waste management, waste-to-energy and climate-resilient infrastructure as priority investment areas.
Uwem Useh, secretary of the FCT E-Mobility Implementation Committee, said discussions focused on developing bankable projects and establishing the regulatory and financing arrangements needed to attract private investors.
Participants identified inadequate waste collection systems, limited waste segregation and funding constraints as challenges facing waste management in the territory.
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They called for private sector concessions, improved logistics and investment in material recovery infrastructure to support recycling, composting and waste-to-energy projects.
The communiqué also recommended regulatory frameworks, operational incentives and risk-sharing mechanisms to reduce investment risks in green transportation projects.
The FCTA said it planned to present its green infrastructure investment proposals at a side event during COP31 to attract additional financing and development partners.
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