Borno govt partners private investors to revisit abandoned projects

Borno State Government has signed a public-private-partnership (PPP) agreement with Thinklab Group Limited for the completion of and development of uncompleted housing projects in Maiduguri, Borno State Capital.

The partnership targets the completion of 404 housing units in Bakassi GRA along Biu Road and 190 units in Dr. Shettima Ali Monguno Teacher’s Village along Pompomari Bye-pass.

It will also capture infrastructural facilities including road network, electrification, water supply and reticulation as well as landscaping.

Mustapha Gubio, Commissioner for Works and Housing, presided over signing of the agreement in a meeting that featured Ali Baware, Permanent Secretary; Kori Shettima, Special Adviser and General Manager, Housing Corporation, among other officials of the State Government and a team from Thinklab Group Limited led by Sa’id Alkali Kori, its Chairman.

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Under the agreement, Thinklab Group Limited is expected to provide funds for the project development, which will serve as equity, while the Borno State Government will contribute the uncompleted housing units as its equity.

The sharing ratio under the agreement will be sixty percent for Thinklab Group Limited and fourty percent for the Borno State Government.

Speaking at the occasion, Mustapha Gubio, the Commissioner for Works and Housing, reiterated Government’s commitment to supporting public -private partnership, urging Thinklab Group Limited to provide quality outputs.

Responding, Sa’id Alkali Kori, Chairman of Thinklab Group Limited, commended State Government for creating an enabling environment for private sector investment.

He assured that the company would provide quality work, while creating job opportunities for local communities in the State.