Niger State Government in North Central Nigeria, has laid the foundation stone for the construction of a 279 housing scheme at the Old Military Barracks in Suleja area of the state to address housing challenges in the State.
The housing project which is in partnership with Bamhill Properties is code named General JT Abubakar Social Housing and is expected to be completed in two years.
The Governor of the state Abubakar Sani Bello while laying the foundation of the project, mentioned that the state government will intensify efforts by creating the enabling environment for more public-private initiatives in the housing sector for mass housing projects in the State.
The Governor who assured that basic amenities will be provided by the government at the estate as expected, urged the development partner to ensure timely completion of the project in accordance with the contractual agreements.
The Managing Director of Bamhill Properties, Akinkugbe Akeredolu-Ale, said the biding project is in partnership with the Federal Housing Authority and the Federal Mortgage Bank of Nigeria.
“279 houses, will consist of 227 2-bedroom terrace units of housing and 52 units of 3-bedroom block of flats to be delivered in two phases.,
The 2-bedroom terrace units of housing will cost about N16m while the 3-bedroom block of flats will gulp N12m”. Said Akirodolu-Ade
In his remarks, the Managing Director and Chief Executive Officer(MD/CEO), Federal Housing Authority Mortgage Bank, Mr Hayatudeen Awwal gave the assurance that Bamhill Properties has the capacity to handle the project as they had carried out due diligence on them.
Awwal said they were looking at the entire value chain of the project which he said will create about 2000 jobs, adding that all raw materials for the project will be sourced locally.
While urging the state government to give all the necessary support to Bamhill Properties so as to complete the project in good time, The MD/CEO, further said that the Federal Mortgage Bank of Nigeria has already made available N250b for mortgage purpose.
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