Chinese to in­vest in mass hous­ing scheme

Weekly Trust - - News - Ab­bas Ji­moh

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.

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