Chinese to invest in mass housing scheme
As part of measures to bridge the housing gap in the country, Chinese investors have expressed readiness to invest in mass housing schemes for low and middle income earners across the country.
The Manager One Belt One Road Financing Operation in China, Mr Jin Changsheng, made the promise yesterday in Abuja at the Affordable Housing Summit, organised by Zvecan Homes and Estate. He said that Chinese infrastructural development has been steady for 30 years and that their wealth of experience would go a long way in addressing the housing and infrastructural deficit in the Nigeria.
The summit themed “Attracting Foreign and Local investors, for Housing Construction and Acceptable Business Models for Infrastructure Development and Equity Plan Scheme for Mortgage Financing in Nigeria”, also witnessed the unveiling of a 3000 housing units in four locations in the Federal Capital Territory (FCT).
The Managing Director, Zvecan Homes and Estate, Mr Nicholas Ogbede, noted that large population of low and middle income earners live in semi-planned settlements around the FCT.
He said utilities and basic amenities were limited in these settlements and the distance from the suburb to the city centre where their offices are located affect the work output of public servants negatively.