By Angela Atabo
The Abuja Property Development Company (APDC) has inaugurated housing models at APDC Homes Karasana District and unveiled new initiatives at Hilltop Residence, Usman, as a part of efforts to handle housing deficit within the Federal Capital Territory (FCT).
The FCT Minister, Mr Nyesom Wike, represented by the Group Managing Director of Abuja Investments Company Ltd. (AICL), Amb. Maureen Tamuno, disclosed this on Thursday in Abuja.
Wike mentioned the initiative was designed to offer inexpensive lodging for various classes of residents, significantly younger folks.
He mentioned the inaugurated part comprised studio flats and self-contained one-bedroom models, every with a kitchen and bathroom, providing younger folks, faculty leavers and single residents a possibility to personal properties and begin a brand new life in Abuja.
He mentioned the studio flats have been offered for N15 million every, describing the worth as encouraging, given the challenges of securing inexpensive lodging within the FCT.
“President is Bola Tinubu has decided to take care of different cadres of people, especially the young persons.
“You can see that young people,school leavers will be able to afford even to live in this type of apartments to start life in Abuja.
“These are what we bring to bear as government-owned company, as APDC, as AICL.
“We try to meet the needs.We actually search for the needs of the people and then we build to meeting their needs.So this is a welcome thoughtout development.”
Wike mentioned that the flats have been shortly offered out, prompting APDC to discover alternatives to develop extra housing models to fulfill rising demand.
“Once you have accommodation, especially in a city like Abuja, you have solved one of the major problems facing residents,” he mentioned.
Wike urged the corporate to maintain its dedication to inexpensive housing, including that entry to homeownership might contribute to addressing lodging challenges and decreasing the vulnerability of residents to social issues.
He congratulated the APDC administration group for growing housing options tailor-made to the wants of various revenue teams.
Similarly, the Acting Managing Director of APDC, Mr Akeem Aderogbe, mentioned the corporate was dedicated to offering properties for low- and middle-income earners by way of housing designs that accommodated completely different family sizes and monetary capacities.
Aderogbe mentioned the corporate’s housing choices included studio flats, one-bedroom models and two-bedroom flats, enabling residents to maneuver into bigger properties as their households and monetary circumstances modified.
He inspired younger folks and civil servants to reap the benefits of mortgage schemes, noting that potential householders might make an preliminary deposit of about 10 per cent, whereas the steadiness might be financed by way of applicable housing finance establishments.
According to him, financing choices included the National Housing Fund, the Federal Government Staff Housing Loans Board and different mortgage schemes, topic to eligibility necessities.
He mentioned youthful employees had a bonus in accessing housing loans as a result of repayments might be unfold over their remaining years in service, making homeownership extra manageable.
Aderogbe urged civil servants and different potential householders to discover the accessible financing choices relatively than wait till they approached retirement earlier than looking for to amass properties.
In his remarks, Alhaji Bashir Jimoh, Managing Director of Bashmoh Homes Ltd.,a property developer partnering with APDC, mentioned decreasing the housing deficit required greater than establishing homes.
Jimoh confused the necessity for presidency to facilitate entry to land titles and supply supporting infrastructure.
He mentioned safe property titles have been important for potential householders to entry mortgage amenities from banks and different monetary establishments.
He famous that with out the mandatory documentation, many Nigerians would discover it tough to acquire financing for homeownership.
The developer additionally referred to as on authorities to offer entry roads to housing estates, explaining that good highway networks have been mandatory to creating new developments accessible, useful and appropriate for residents.
Jimoh mentioned improved land administration, mortgage entry and infrastructure provision would assist make housing extra inexpensive and assist efforts to scale back Nigeria’s housing deficit.(NAN)
Edited by Kevin Okunzuwa
