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Firm to spend $20 million on housing

By Chris Ochayi
A Pan African housing development company, Shelter Afrique, Tuesday in Abuja disclosed that it would spend a total of $20 million on construction of five housing projects in Nigeria this year.

Managing Director of Shelter Afrique Mr. Alassane Ba, who stated this during a meeting with the Minister of State for Works, Housing and Urban Development, Chief (Mrs.) Grace Ekpiwhre, in Abuja, said, the firm has executed 31 projects with the total cost of $60 million in Nigeria.

Mr. Alassane Ba explained that their visit to the Ministry was necessitated by the need to have greater interaction and cooperation as well as understand the dynamics of housing policies in Nigeria.

He stressed further, “this is to enable the company to fashion out the best approaches towards housing delivery in the country”.

According to him, since the beginning of the operation of Shelter Afrique in Nigeria, it has executed 31 projects at a total cost of $60 million while another $20 million is to be spent on five projects in 2010.

Responding, the Minister of State for Works, Housing and Urban Development, Chief (Mrs.) Grace Ekpiwhre reiterates the desire and commitment of the Federal Government to promote policy frameworks towards ensuring the delivery of habitable and affordable houses to Nigerians.

She further pointed out that due to the strategic nature of the housing sector in the country as well as the deficit of houses available to Nigerians, there is the need for further collaboration and partnership with private organizations such as Shelter Afrique. She equally highlighted some of the various challenges facing the housing sector in the country such as funding and land issues.


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