Thursday, March 23, 2023
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Developer advises govt on low-cost housing

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The Chief Executive Officer, UT Homes, Mr Ade Adebajo, has asked government to focus more attention on providing affordable and low-cost housing for all Nigerians.

He lamented that many Nigerians were suffering from lack of affordable housing in the country and urged the government to come to the rescue of its citizens.

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At the foundation laying/ground breaking ceremony of the construction of 10 units of luxury and affordable bungalows named Campagne De-Maison, by the company in Mowe, Ogun State, Adebajo said private investors had important roles to play in ensuring affordable housing remained available to all Nigerians.

He stated that the public could take advantage of initiatives by investors in the private sector such as the low-cost housing which the company was embarking upon.

He said, “Many Nigerians are still tenants because they cannot afford to own a house. Government should do more to provide cheap and affordable houses for Nigerians as well as provide enabling environment for private investors to thrive. This is the reason UT Homes has embarked on a project of building affordable standard homes for middle and low- income earners.

“The project, a fully furnished gated community, is the first phase of what we are doing and it will be sold within the community. We are targeting middle and low-income earners. We also have provision for mortgages for those who cannot pay once. There is assured security with good sewage system, constant water with excellent finishing. If we go by our projection, the first set of people will move in within the next nine months.”

Adebajo urged Nigerians to take advantage of the opportunity offered by the new development and buy into the project, adding that the government alone would not be able to meet the housing needs of the people.

“It is our own little way of assisting the government. Many of the buildings are already sold out. This is a small development, we are going to do larger one,” he stated.

The company’s Project Manager, Mr Michael Olaiya, said the project would offer the Nigerian public the best in housing revolution.

Source: Maureen Ihua-Maduenyi

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