By Yinka Kolawole
The Federal Capital Territory (FCT) administration has signed a memorandum of understanding (MoU) with a Chinese firm, Chinese Global Group Corporation (CGGC), to deliver mass housing, boost development of infrastructure and power generation in the in the territory.
Managing Director, Abuja Investment Company Limited (AICL), Dr. Abdul Muktar, disclosed at the signing ceremony that the Federal Executive Council (FEC) has approved the mass housing guideline submitted by the FCT Minister thus paving the way for immediate take off of the mass housing project.
He regretted that previous attempts by the FCT administration to go into mass housing met various obstacles, which prompted the decision by theÂ minister to present the guideline to FEC with a view to injecting sanity into the system and ensuring quality control of mass housing in the territory.
â€œAccording to the recently approved mass housing guidelines only reputable developers would be engaged while FCT administration is committed to providing infrastructure. Some of the excuses that the developers have been putting for low quality of housing have to do with where they have to provide infrastructure themselves but the FCT Minister has made it clear that infrastructure would be provided for them,â€ he said.
Muktar revealed that the AICL has secured an approval in principle from the FCT minister for its application for land for the project, assuring the Chinese firm of the readiness and cooperation of AICL to ensure that the MoU becomes a reality.
Head, Government Relations of CGGC, Mohammed Mustapha, explained that the company was invited to Nigeria in 2005 by the former President Olusegun Obasanjo after seeing the world hydro power project the company executed in China. He added that the company has a lot of experience in city planning, real estate and infrastructure development and that it is currently executing Libyaâ€™s largest housing project of 10,000 housing units worth $1 billion.
Managing Director of CGGC, Feng Jun, said the company was interested in bringing its vast experience in city planning, real estate development and hydro power system as well as its financial strength to Abuja in partnership with AICL.