Niger Partners Firm To Build 10,000 Housing Units
The Niger State Housing Corporation, Tis-Buk Reality, a private developer and Refuge Mortgage Bank (Funders) in collaboration with Niger State government has concluded plans to build a total of 10,000 housing estate units across the 25 local government areas of the state.
The construction of the housing estate is in a key position to mitigate climate change by making environmentally friendly affordable housing available to low-income earners.
The Director General State Housing Corporation, Mr. Bashir Yakubu Harka, made the disclosure during a physical inspection and working visit to the ongoing construction of green More Raba Housing Estate in Kpakugu area in Chanchaga Local Government.
He noted that the projects was aimed at providing affordable houses to the people of the state, particularly civil servants and members of the public, stressing that the housing corporation is ready to collaborate with the developer through the provision of the needed lands at different local government areas of Niger State.
According to the Director General, the housing estate is designed to provide 120 affordable homes consisting of 2-bedrooms 3-bedrooms bungalows and 4-bedrooms terrace duplexes with boy’s quarter whose location is off the Minna-Bida road, Kpakungu, in Chanchaga Local Government area of Niger State.
He said the project is a pilot scheme out of the planned 10,000 housing units for Niger, adding that the associated infrastructure and amenities include paved internal roads and drains, electricity (Solar and public power), water, sewage treatment, landscaping, gatehouse and perimeter fence, CCTV, play areas and worship centers.
Also speaking, the Managing Director and Chief Executive Officer MD/(CEO), Engr. Kayode Adeleke, explained that the Housing Estate will be built through private public partnership (PPP) in partnership with the Niger State government in conjunction with the state Housing Corporation as land provider, while Tis-Buk Reality limited will develop.
He said he the company took interest to embark on the project in Minna the state capital as a result of its historic strategic location to Nigeria and the motivational visions actions of governor, Mohammed Umar Bago.
He told journalists that the 10,000-housing estate will include 2,500 units of one bedroom terrace bungalows, 3,000 units of 2-bedrooms semi-detached bungalows and 4,500 units of 3-bedrooms semi-detached bungalows residential housing units and terrace duplexes for sale to members of cooperative groups and the general public.
The planned development, he disclosed duration will be 84 months with a project development cost of N167 billion
Stating that the housing projects will provide employment for the teaming jobless youths in both skilled and unskilled and enhance internally generated revenue (IGR), of the state also to enhance the green economy vision of the governor, Mohammed Umar Bago and provide great catalyst for the social and poverty alleviation of the citizens of Niger State.
In his remarks, the managing director and chief executive officer MD/ (CEO) of Refuge Mortgage Bank stated that they are Tis-Buk Reality limited strategic financial partners to actualize this objective.
“Because the bank is positioned through its various housing products and services to provide opportunities for all subscribers. “The bank has also decided to bring its presence to the state capital. The collaboration between the stakeholders is the best foot forward,” he noted.
