Abia State is set to key into the first phase of President Bola Tinubu’s larger vision of providing 12 housing estates and three cities across the country which will catalyse economic growth and provide direct and indirect jobs......Read The Full Article>>.....Read The Full Article>>
Performing the groundbreaking of the Abia State Renewed Hope Estate in Umuoche Bende in Bende Local Government Area, Governor Alex Chioma Otti expressed delight in Mr. President’s gesture in constructing 250 housing units which will help create job opportunities, promote commercial activities in the area as well as ease accommodation challenges faced by Abia residents.
Governor Otti who was represented by his Deputy, Engr. Ikechukwu Lekwachi Emetu, commended the Federal Government for embarking on the project and assured of the state government’s support in providing adequate security to the contractors for a seamless execution of the project.
“We thank President Bola Ahmed Tinubu for this laudable project. This project will create jobs for Abians and keep our youths busy. We are trying our best to advance the ease of doing business in the state.
“We assure you as a government that everybody working in this very project is secured so that this project is delivered and our people take possession of this will be guaranteed,” Otti said.
Delivering his address, the Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, thanked Governor Otti for his swift approval in providing land for the project, thus, reducing the cost of the housing units for potential homeowners. He charged the developers to be committed to delivering quality work as specified within three months to enable Abians to purchase and take possession of the facility.
The minister stated; “different options were created to enable everyone who has a source of income and livelihood to own these homes when they are completed. These include single-digit mortgage loans that beneficiaries can repay over 30 years and rent-to-own schemes provided by the Federal Mortgage Bank of Nigeria, and outright purchase options for those who can afford to pay upfront,” the minister said.
