Monday, June 23, 2014


Obiano offers land for World Bank-assisted 500 housing units project


Anambra State governor, Willie Obiano, has concluded plans to provide land for the take-off of the World Bank - Federal Gov­ernment proposed 500 units of housing project being select states of the federation DigitalSENSE Business News reports.

Governor Obiano pledged to offer service land with title in a matter of weeks to facilitate the immediate take-off of the project in Anambra State during a visit to the Minister of Land, Housing and Urban Development, Mrs Akon Etim Eyakenyi, recently.

Speaking to newsmen during his visit, the governor emphasized that housing was vital to the major policy thrusts of his administration stressing that he was determined to pursue a vigorous housing policy that would change the landscape of the three most developed cities in the state, Onitsha, Awka and Nnewi.

Obiano noted that his administration had set up a strategic plan that would transform Awka, the state capital, into one of the organised cities in the federation.

“I have inaugurated a special Awka Capital Territory Development Board with a clear mandate to give Ndi Anambra an ultra-modern city with all the functional and aesthetic balance that any city in the 21st century should have. We are determined to achieve that,” he said.

DigitalSENSE Business News recalls that Anambra State was selected as one of the pilot states to benefit from a special World Bank-funded urban housing scheme, in partnership with the Federal Ministry of Lands, Housing and Urban Devel­opment, the Central Bank of Nigeria, the Ministry of Fi­nance and the Nigeria Mortgage Refinance Company.

The scheme our reporters gathered, involves the construction of 10,000 housing units across the country to be funded by the World Bank through the Nigeria Mortgage Refinance Company to the tune of $300 million with a retention rate of 40 years. Each of the pilot states will have a maximum of 500 units of housing and each house will carry a 20-year mortgage facility.

Chukwudi Obi

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