Public-Private sector collaboration
is the solution if we must stem the nation’s housing deficit.
This disclosure was made by the
minister for Lands, Housing and Urban Development, Ms Amal Pepple yesterday in
Abuja during a tour of 225 housing units Metro City Estate in Apo, Abuja.
She revealed that the Federal
Mortgage Bank of Nigeria, FMBN and other institutions are strategically
empowered to deliver the needed good in the housing sector.
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| A housing estate |
The minister said, “President
Goodluck Jonathan is committed to providing affordable houses to Nigerians,
which has necessitated the need for collaboration with private sector.”
Amal further disclosed that there is
collaboration between federal and the state governments to have land
acquisition less stressful.
Also speaking, managing director of
UACN Property Development Company Plc, Hakeem Ogunniran said the support the
private sector is enjoying from federal government is a good omen for the
country.
He disclosed that Metrocity is set
to bridge the housing deficit. He noted that some of the homes are available to
investors and those seeking comfortable luxury homes. “UPDC would soon
commence project developments in Calabar and Asaba.”
Metro City estate is located in the
highbrow of Apo-Dutse area of the Federal Capital Territory, FCT. It is the
largest residential estate to be developed by UPDC Plc.
The project is a joint venture
between UPDC Plc and African Capital Alliance which comprises of 5 bedroom
detached, 4 bedroom semi-detached, 4 bedroom terrace, 3-bedroom flats
and 2 and 3 bedroom bungalows. The project commenced 15 months ago
and would be delivered in three months time.
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