Members of the newly inaugurated Board of the Abuja Property Development Company, APDC, have expressed commitment to drive profit for the FCT Administration while meeting the objectives for which it was established.
The Chairman of the board, Alhaji Idris Malagi, said the company would deploy innovative approaches to drive revenue.
The chairman, who spoke with Journalists after his inauguration, said that some of the projects the company would be focusing on, include; kick-starting the Centenary City project, construction of district hospitals, and new hotel and conference facilities, among several other projects.
Already, Malagi said, “The FCT minister has given the initial approval for these projects, some of which he said are currently undergoing regulatory processes.
“As soon as these are done, we are already identifying those to help us in achieving the projects. We’ll be meeting them and very soon we’ll make our roadmap known to the public.”
Malagi, who is returning for a second term as chairman of the APDC Board, stressed that the company has successfully settled most of its financial burden in his first tenure, and would focus on stabilising and growing the company going forward.
He said; “The primary thing is we need to stabilize and grow the company first. I want to take you back to when we came here. The company was really in very bad shape. Owing so many contractors and other people. But I am glad to say that all that is passed.
Malaria said; “During my first tenure, we were able to bring back the company to its profitability. Now we can say that APDC is not owing anybody, as it is standing on its feet and it is growing. We are standing in the conference facility of the newly built headquarter. When we came in, it was just carcass. But now it is completely built and beautifully designed.
“So in terms of revenue, so much will come but for now, it’s to grow on what we have met on the ground.”
Mercy Chukwudiebere
