Firm To Construct N3.7bn Hostel In ABU

0
312

An estate developer,
Elgado Worldwide is set to construct N3.7 billion world-class hostel accommodation for students of Ahumadu Bello University (ABU), Zaira
The company’s chairman, Mr Elgado Peter-Shamang made this known to newsmen shortly after the signing of a Memorandum of Understanding (MoU) on public private partnership with the authorities of ABU in Zaria, recently.
Peter-Shamang said that the first phase of the project with 800 rooms, when completed, would accommodate 2,500 students and the completion period would be 18 months.
While assuring that the company specialised in long-term capital project funding, the chairman said the recouping period for the edifice was put at 40 years.
Speaking before the signing of the MoU, the chairman, ABU governing council, Alhaji Mohammed Dewu had said “this is the first time ABU is going into joint venture agreement with a private Company on a PPP arrangement. This PPP is for the construction of students hostels. We appreciate the company for their decision to choose ABU to flag-off this kind of joint venture in Nigerian universities”.
Dewu described investment in hostels as a very long-term venture to recoup, saying that the company would jointly run the facility with the authorities of the university, where the company would manage and maintain the facility.
“These hostels when completed will be the best across Nigeria with the multiple option of single, dual and multiple occupancy but not more than four students per room”. He said.
Dewu also said “There will be no squatters and it will have the best facilities in the world like central air conditioning system, cafeteria, laundry, 24 hours light service, borehole facilities among others”.
He said that the company would construct two hostels at Danfodio Hall in the main campus and Sardauna Bade in Kongo Campus, pointing out that the university has a population of over 50,000 students but as at today has only 10,000 bed facilities on campus.
The company executive also promised that they would have constructed 30, 000 additional bed-spaces to curtail students accommodation constraints before the end of the university’s council and management tenure.
In his speech, the institution’s Vice-Chancellor, Professor Abdullahi Mustapha said his administration had accorded special priority to students’ welfare, saying that good accommodation will provide condusive learning atmosphere thereby enhancing the students’ understanding.
Mustapha appealed to the students to appreciate the kind gesture by preserving it from any form of damage.