Gombe secures N5b loan for 1,000 housing units
Gombe State Government has secured N5 billion loan from a local financier to build 1,000 housing units in the state. This is as it has lamented the loss of properties worth N542 million to the Biliri crisis few months ago.
Briefing newsmen, yesterday, after the State Executive Council (SEC) meeting, the Commissioner for Information and Strategy, Julius Ishaya, noted that the housing scheme would be affordable for citizens.
According to him, all arrangements have been concluded with Family Housing Fund, the local financier, for the loan.
“The council received reports from damage assessment committee on Biliri/Tangle crisis. At the end, residential houses, business premises, worship centres, vehicles and other valuables were affected. In all, items lost to the crisis are valued at N542.358 million,” he said.
He added that the council had raised a committee of commissioners and the Biliri Local Council chairman to effect the recommendations of the committee.
MEANWHILE, the All Progressives Congress (APC) Legacy Awareness and Campaign Group has applauded the Minister of Works and Housing, Babatunde Fashola, for the construction of no fewer 900 road projects across the country.
The group led by Mr. Ismail Ahmed explained, yesterday, that the projects initiated since the inception of the President Muhammadu Buhari-led administration covered the construction or rehabilitation of more than 13,000km federal roads and highways across the country.
The stretch of federal roads coverage is out of a total of 35,000km of in existence, The Guardian learnt. In a statement, the group added that the feat was achieved through the Presidential Infrastructure Development Fund (PIDF) set up in 2018, with $650 million seed funding, as well as execution of the Presidential Executive Order 7, the Road Infrastructure Tax Credit Scheme.
The strategy also included launch of the Highway Development and Maintenance Initiative (HDMI) and the establishment of the capital-intensive Corporation (InfraCorp) to mobilise and deploy funds towards viable, transformational infrastructure projects.
The Sovereign Sukuk Bonds, the first in the country’s history, dedicated to road infrastructure also helped in the actualisation of the projects, the group further said.
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