As the nation laments the huge housing deficit, a Chinese firm, One Belt and One Road from China, says he would commit the Chinese government to invest $300 million in Nigeria’s mass housing scheme
Speaking on Tuesday in Abuja, Mr Steven Kim, the firm;s Director noted that his organisation was collaborating with Zvecan Homes and Estate with whom they recently signed Memorandum of Understanding (MoU) to construct 5000 housing units in FCT and its environs.
He said the investment would enable them to realise the aim for which their office was set up in China which is to support people oriented projects.
According to him, the investment will not only be in cash but in materials like electricity fittings, solar power among others.
Mr Aigbe Osagie, Managing Director, Global Hint Construction Company, China, one of the expatriates companies to be used, said such projects were already ongoing in Kenya and Angola.
Osagie said the challenge with construction in Africa was majorly the terrain because while the soil in China supported building of massive high risings the opposite was the case in Africa.
Also, Mr Nicholas Ogbede, Managing Director Zvecan Homes and Estate said the investment by the Chinese government would help alleviate the housing challenge of civil servants.
According to him, the Chinese have different technologies in construction that will ensure drastic reduction in the cost of construction and houses for civil servants and Nigerians.
He said Zvecan Homes and Estate had also signed MoU with the Office of the Head of Civil Service of the Federation to Construct 700 housing units under the FISH Programme.
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