The Federal Government has signed a Memorandum of Understanding (MoU) with a Chinese firm to build 1,000 houses for federal civil servants in the country.
The Head of the Civil Service of the Federation, Mrs.Winifred Oyo-Ita, while signing the MoU between the Staff Housing Loans Board and China Nangtong Sanjian Construction Company, said in recognition of the shortage of houses for federal civil servants, the present administration made the sector a key focus in the change agenda, with a target of 500,000 housing units and significant allocation to the sector in this year’s budget under the Federal Ministry of Power, Works and Housing.
She said that it was time for Nigeria to benefit from its contributions to the African Development Bank as a member of the African Union to enable the citizens own houses of their own, adding that addressing the sources of mortgage needs of the Federal Government employees would not only motivate them, but would go a long way in reducing perceived corrupt practices in the service.
Mrs. Oyo-Ita expressed optimism that developing the housing sector would help stimulate economic growth as well as create jobs in the economy, “Indeed, having construction is one of the indices of most developing economies,” she said.
The Vice General Manager of CNTC, Mr. Tee Ching Seng, said the firm was ready to share its wealth of experience with Nigerians. He also gave an assurance that his company would deliver the most quality and affordable houses to the civil servants.
Earlier in the year, the President gave an enormous task to the 22 states governed by the All Progressives Congress (APC) to build 250,000 housing units per annum. According to him, this would facilitate the fulfillment of one of the several election campaign promises which is to provide one million houses for Nigerians yearly.
He also urged foreign investors and local construction companies to take part in the effort to cover Nigeria’s housing deficit.