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FG, BASAP Group in $1.5b affordable housing scheme


FOLLOWING a Memorandum of Understanding (MOU) between the Federal Government and a firm, BASAP Ventures International Limited/JS Neoplans and Artemis Angel Global Limited, a total of 15,000 low cost housing units would be injected into the country.

 The project, valued at $1.5billion was said to be completed within the next 12 months. 

  Minister of Lands, Housing and Urban Development, Mrs. Akon Eyakenyi, who signed on behalf of government said that the MOU marks another milestone in the present administration’s resolve to provide affordable and sustainable homes for the masses in a safe and secured environment.

Eyakenyi explained that the construction of the 15,000 highly affordable low-income houses is aimed at deepening and fulfilling President Goodluck Jonathan’s promise to positively impact on the lives of Nigerians especially through mass production of affordable houses.

She noted that the measure is in line with the transformation agenda of the present administration in the housing and urban development sector towards improving the welfare and well being of the citizenry.

The minister observed that as part of the measures to address the housing shortage and the prevalence of inadequate housing for the majority of Nigerians, the housing sector is being revitalized through the development of new policy frameworks and long term action plans adding that government has stepped up efforts in partnering with the private sector and other key stakeholders to address the acute housing shortage in the country within the shortest possible time.

Chairman, BASAP Group, Samson Ayorinde, who assured that the firm would mobilize to site next week, noted that the access road to the project site is limited and requested that the Federal Ministry of Works should assist to create an alternative access road to link the Lokoja road in order to make the project viable.

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