Tuesday, 28 June 2016

State Govt. Signs 30 Million Dollar MOU For Construction Of Housing Units


The State Government has signed a Memoradum of Understanding with Aldove Limited for the building of Three hundred Housing Units in the State.

Governor Willie Obiano at the MoU ceremony held at the Governor's Lodge, Amawbia, signed on behalf of the State Government.

The MoU worth thirty million dollars is for the design, building and financing of hundred units of four to five bedroom duplexes and hundred units of three bedroom flats on two floors and another on three floors.

The Project whose first phase is to be completed within eighteen months, has the State's equity contribution put at nine million dollars while the Investor is to bring the remainingtwenty-one billion dollars.

Governor Obiano in his remarks said Housing as an enabler in the development wheel of his administration has received quality attention with the sector having attracted investments worth close to a billion US dollars in the past two years.


Describing the MOU as consistent with his vision to provide effective housing delivery services to Ndi Anambra across board, Governor Obiano assured that his government is committed to meeting its side of the bargain.

He urged the investor to immediately hit the ground running so as to ensure that the project is realized within the specified duration.

The Chairman of ANSIPPA and Traditional Ruler of Umuoji, Igwe Cyril Enweze explained that the project is in line with the State Government's economic objectives for housing and will promote urban development, create employment opportunities as well as create activities statewide that will enhance the State's capacity to Internally Generated Revenue.

The Chairman and Managing Director of Aldove Limited, Chief Maja Umeh said their decision to bring the investment to the State was motivated by their resolve to support the developmental agenda of the Obiano administration due to the Governor's efforts to create a sustainable investment in the State.

In a vote of thanks, the Commissioner for Housing and Urban Renewal, Engr. Frank Offor said the MoU is a major milestone towards the realization of Governor Obiano's vision to provide affordable housing to all by the Year 2017.

Official signing of the MoU by the Governor and the Investor formed the high point of the event.

1 comment:

Sir Paschal Isele said...

This is a good way towards sustainable housing development in Nigeria. Other States should emulate this.