Home Business & Economy Bello assures affordable, quality houses

Bello assures affordable, quality houses


Minister of Federal Capital Territory (FCT), Malam Musa Bello, has assured that quality houses are available and to a large extent, affordable for public servants and indeed all prospective houses owners in the FCT.

The minister gave this assurance while commissioning 300 housing units of the Abuja Property Development Company (APDC) and the ground breaking ceremony of its phases 2 and 3 in Kaba District Abuja.

The Minister, who was represented by the Permanent Secretary, Dr. Babatope Ajakaye, said as low as Grade Level 6, 12 or higher officers could subscribe to houses that fit their income and after an initial modest down-payment, could space out the remaining payment according to terms corresponding to their mortgage arrangement

Beyond the commissioning of the already completed houses, Malam Bello also marked the ground breaking for the second and third phases of the APDC Estate development initiative “I am glad to note that beside the provision of houses, the agency is creating jobs for considerable number of skilled and unskilled workers. I am aware that this Estate has over 700 construction professionals and artisans working here”, he added.

Earlier, the Managing Director, Abuja Property Development Company (APDC), Egnr. Yunusa Yusuf, stated that the project was partly financed by an Estate Development Loan (EDL) from the Federal Mortgage Bank of Nigeria (FMBN),  adding that the phase 3 of the Estate will be completed through partnership and sight service.

Yusuf said on completion of the two phases, a total of 502 units would be added to the existing number  of houses, making it a grand total of over 1,100 thus further boosting the housing stock.

“We are aware of the housing deficit in the country which runs to millions and the efforts of the present administration to reduce the deficit by about one million before the end of its tenure”, he said.

Also in her good will message, the Executive Secretary, Federal Government Staff Housing Loan (FGSHL), Dr. (Mrs.) Hannatu Fki, said the FGHSL operated revolving loan scheme to create for housing needs of all interested public servants.

To do this, she said the board had developed a strategy to collaborate with estate developers identified by the public servants themselves for the provision of affordable housing for public servants resident in the FCT and other States of the Federation to motivate them for greater performance.

Dr. Hannatu reiterated that any programme that empowers workers to own their houses in view of the vital role they play in the implementation of government policy and programmes which are critical to citizens’ administration should be encouraged by all.

In her words: “It is on record  that an effective housing sector has a multiplier effect on any nation’s socio-economic life through the facilitation of direct and indirect mass employment in the construction and built industry;this is an addition to increasing employment in other related sector of the economy”.

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