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A/Ibom to build 2,000 housing units

By Samuel Oyadongha
Yenagoa — Akwa Ibom State govern-ment has concluded plans to build 2,000 housing units, and the project would be ready in six months.

Housing and Urban Renewal Commissioner, Mr. Emmanuel Enoidem, disclosed this when he met with the Managing Director and Chief Executive Officer of Trans Atlantic Mortgages Limited, a mortgage outfit with headquarters in Yenagoa.

Enodiem, who called on developers to partner the state in this regard, also intimated the mortgage bank team of the state govern-ment’s readiness to partner private investors in its housing development efforts, particularly for the low income earners.

According to him, the state government will develop low cost estate at the flanks of the state capital, Uyo and other local government headquarters.

Enodiem said that the government urban renewal scheme for Uyo has witnessed the transforma-tion of the state capital from a small town to a mega-city following the completion of an international airport.
in city.

On the return of Akwa Ibom State civil servants to the National Housing Fund (NHF) scheme, Mr. Enoidem said government was putting finishing touches to arrangements to return workers to the scheme.

The commissioner praised the mortgage firm on its decision to open a branch in Uyo and urged them to collaborate with housing stakeholders in the state for housing delivery.

Managing Director and Chief Executive Officer of Trans Atlantic Mortgages Limited, Mr. Preye Ogriki, reiterated the determination of the firm to assist Akwa Ibom State in providing mortgage loans to enable civil servants own their houses.

Ogriki said his firm hoped to complement government’s urban renewal scheme through a method of real estate development that would replace, on a progressive basis, some of the old houses on the major streets in a twin process of erecting offices for investors and enhancing the economics of the present landlords.

On the provision of mass housing for Akwa Ibom State civil servants, the mortgage bank boss recommended the provision of sit-and-service scheme to support residential housing estate programmes throughout the state in line with the National Mass Housing Programme of the federal government.


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