A memorandum of agreement for housing projects worth N8.3 trillion has been signed between the Nigerian Building and Roads Research Institute (NBRRI) and the Regional Sustainable Energy Centre of Excellence for Sub-Saharan Africa (RSECE).
Executive Director, RSECE, Ibrahim A. Trader, during the signing ceremony which was held at the NBRRI headquarters in Abuja yesterday, said his company is partnering with four core key foreign investors to develop affordable houses in several states across the country.
“The signing of the MoU for the N8.3trn project with NBRRI is a milestone event as NBRRI also shares the vision and added that the Federal Ministry of Finance will provide the management guarantee.
In his remarks, Engr Prof Samson Duna, DG/CEO of NBRRI, praised RSECE’s efforts noting that NBRRI, which has been around for 40 years, is a good fit for the project because it was founded to conduct integrated applied research and development into the various facets of the building and construction sectors of the economy.