By Jude Njoku
The nation’s housing deficit currently put at between 16 – 17 million units, can only be reduced through a collaboration between the public and private sectors of the economy. To this end, the Federal Government is lobbying the private sector to support its efforts to provide affordable housing for millions of homeless Nigerians.
Minister for Lands, Housing and Urban Development, Ms Ama Pepple stressed the need for the collaboration when she inspected the ongoing construction of Metro City Estate. The estste is being developed by Messrs UACN Property Development Company, UPDC in the Apo- Dutse area of the Federal Capital Territory.
She explained that President Goodluck Johnathan is committed to making housing affordable to Nigerians hence the need for the collaboration. The Minister further disclosed that the Federal Mortgage Bank and other institutions have been strategically empowered to deliver on their mandate.
Welcoming the Minister to the estate, UPDC’s Managing Director, Mr Hakeem Ogunniran commended her support to private estate developers. Describing it (support) as a good omen for the country, Ogunniran stated that Metro City Estate would bridge the housing deficit in the FCT with the addition of 225 luxury homes.
Metro City Estate which is a joint venture between UPDC and African Capital Alliance,.is located in the highbrow Apo – Dutse area of the FCT. It is the largest residential estate to be done by UPDC Plc. The estate which is sitting on a 11.17 hectares parcel of land, comprises 225 units of five- bedroom detached houses, four- bedroom semi-detached houses, four- bedroom terrace houses, three- bedroom bungalows and two and three- bedroom flats.
The project which was flagged off 15 months ago, would be delivered in the next three months.