FG Plans 30 Million Low Cost Houses, Power & Roads, With China


The Federal Government of Nigeria has revealed plans to partner with One Belt – One Road Initiative in China on development of low cost houses, power generation and road construction as a way of strengthening both countries’economies.

This was confirmed in a meeting with the delegations from China in Abuja which was facilitated by the Chairman, Blue Diamond Logistics, China, Mr. Uzoma Mbisiogu.

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According to the delegation’s Chairman, Mr. Rujun Yuan, the One Belt-One Road fund management Limited will function with the Federal Government of Nigeria to provide Nigerians with affordable housing and will also throw its weight on ensuring sustainable power distribution, industrialisation and banking in the country.

During the group’s courtesy visit to the Federal Morgage Bank, it was noted that the Nigerian government intends to build about 30 million houses in each state of the Federation, totalling 1.080.000 units of housing across the nation.

Mr. Rujun pointed out that they have come to Nigeria “to act on the Memorandum Of Understanding, MOU, both governments had agreed on.

“We want to move into action immediately and will focus more on housing, having notice housing deficit of 17 million,” he said.

“Nigeria will be shocked with the kind of structure the group will introduce in the country and we promise you quality, speed and low cost housing and in addition, we promise to have all building material production from Nigeria.”

Low cost housing

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Speaking on the business issue, the bank’s Acting Director General, Mr. Richard Esin, who commended the group for the interest to partner and form a joint venture with banks in Nigeria, said that the country is willing and ready to partner with the One-Belt-One Road Initiative group to fulfill the government’s mandate to the people of Nigeria.

Besides the low cost houses, the group also indicated interest in agriculture and the building of Guangzhou sister-city in Markurdi, Benue State, at a meeting with Benue State governor, Mr. Samuel Ortom, and the Minister for agriculture, Chief Audu Ogbeh, respectively.