• Monday, June 24, 2024
businessday logo


Akwa Ibom seals deal with FHA on low-cost housing

More Lagos landlords seen becoming renters as 80% of buildings in Lekki corridor unapproved

Akwa Ibom State Government and the Federal Housing Authority (FHA) have sealed a new partnership on low-cost housing project to provide affordable housing for civil servants in the Country with flexible payment plan, an initiative of the Renewed Hope Agenda of the Federal Government.

Demonstrating commitment to the partnership, Governor Umo Eno of Akwa Ibom announced a donation of fifty hectares of land with a promise of other requisite support as counterpart facilitation for the project.

Speaking during a courtesy visit by a delegation from FHA led by Oyetunde Ojo, Managing Director and Chief Executive Officer at the Government House, Uyo, the governor said, “I want to assure you sir that we will work together. We have already allocated a piece of land and the Commissioner for Lands will make it available to you.

“Talking about the economic benefits such as creating employment, and all the other areas that you have talked about, we will give you all the necessary support for the benefit of our people.”

Commending the all-inclusive leadership style of President Bola Ahmed Tinubu, Governor Eno lauded the FHA helmsman for taking steps to collaborate and ensure synergy between the Federal Ggency and Governments of the respective States proposed for the project

Earlier. Oyetunde Ojo, Managing Director and Chief Executive Officer of FHA, said housing is a critical component of the Renewed Hope Agenda of the President Bola Ahmed Tinubu-led Government and thanked the Akwa Ibom State Governor for readily supporting FHA’s Diaspora City project with land donation which, he stressed, was a priority requirement for the project.