FirstBank of Nigeria Plc has offered mortgage facilities for individuals and corporate organisations to acquire shops in the ultra-modern Tejuosho Shopping Complex in Yaba, Lagos.

The tripartite public private partnership (PPP) project between the Lagos State government, Stormberg Nigeria Limited and FirstBank of Nigeria Plc, offers facilities ranging from lifts to escalators, fire stations to standby generators, hospitals to restaurants, car parks to security facilities, banks and modern facilities management.

Presenting keys to 50 allottees recently, FirstBank’s Group Managing Director/Chief Executive Officer, Mr. Bisi Onasanya, said that prospective shop owners would be offered generous interest rate on mortgage facilities with an eight years payback period to acquire shops in the market as the mortgage financing is targeted at former tenants, interested investors and small and medium enterprises.

“Our resolve to serve as the sole financiers of this project was borne out of the felt need to rapidly reconstruct a business hub that served and will serve once again as the economic live wire of a huge population from far and wide.

It brings to the fore our commitment to growing the economy through support for entrepreneurship and trade development. This shopping complex is comparable to and in some respects, offers much better facilities than any of its type anywhere in the world, from lifts to escalators, fire stations to standby generators, hospitals to restaurants, car parks to security facilities, banks and modern facilities management,” Onasanya stated.