Business
Abuja 5,000 Housing Estates To Gulp N75bn
The Federal Capital Development Authority (FCTA), says it plans to commence construction of about 5,000 housing estates with the sum of about N75 billion raised with the Federal Mortgage Bank of Nigeria.
The housing units according to the FCTA would be completed by 2011, adding that its construction will commence shortly.
Senator Adamu Aliero, the Minister of the FCT disclosed this in Abuja when the management of the Federal Housing Authority (FHA) paid him a courtesy call in his office.
He disclosed that the decision to construct the houses was borne out of the critical need to respond to the housing deficit being experienced in the city.
The FHA team led by its Managing Director, Architect Terver Gemade, during the visit proposed for 2,000 hectares of land to be allocated to it for the construction of Abuja New Town Development to be sited in Bwari Area Council, which would be equipped with all public facilities and amenities to service all categories in the economic strata.
Gemade disclosed plans by the FHA to develop over 100,000 housing units in Abuja by 2013.
He pointed out that this is in order to help decongest the swelling population in the city centre which has led to the overstretching of facilities, hoping that the housing units when constructed would alleviate the housing problems.
The FHA boss also made other requests to the minister which include resettlement of the inhabitants of the four villages that make up Gwarinpa district, request for extension of Gwarinpa II district sector centre to complete the district.