Ogun Govt gets 11 million Dollar foreign loan for housing

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By; NIYI OGUNGBOLA, Abeokuta.
Ogun State Government has received a loan offer of 11 million dollars from a Kenyan based Shelter Afrique Company, for the construction of over 500 units housing project, for residents at Idi-Aba, Abeokuta.
 
The Special Adviser to the Governor on Housing Development and General Manager of the State Housing Corporation, Mrs Olajumoke Akinwunmi, disclosed this while playing host to members of the State House of Assembly  House Committee, Land and Housing during a visit to the Corporation.
Akinwunmi said the proposed housing project would occupy 26 hectares of land, affirming that the Public Private Partnership (PPP) arrangement would assist government to deliver its set objective on the provision of affordable housing under its five cardinal programmes apart from meeting up with its industrialisation development.
 
According to her, “The state government entered into the PPP arrangement to further promote affordable mass housing for the people and create new benchmark in quality and economy to meet up with the ongoing industrialisation development in the state’’.
 
The General Manager added that the proposed estate would been designed as flats, terraces, semi and full detached bungalows with self-built homes on service plots, stating that  the corporation would  send a request to the State House of Assembly for the loan approval.
 
The Chairman of the House of Assembly Committee on Land and Housing, Hon. Adebiyi Adeleye expressed satisfaction at the development, saying the Corporation had turned around the fortune of the state with a request that the gesture be extended to other senatorial districts in the state.

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