Oyo partners firm in 244-unit scheme as experts seek social housing

The Oyo State government has entered into a partnership with an estate development company, Fort Capital Estate Limited, to deliver 244 housing units in Ibadan, Oyo State.

This is coming on heels of calls by experts in the built environment on governments to invest massively in social housing to address housing deficits across the states of the federation.

Delivering his speech during the project launch, the Director of Fort Capital Ltd., Kudirat Badmus, said the estate located in a serene environment comes with 24-hour water supply, electricity and security post.

Badmus said: ”Everybody needs a home. So, there must be conscious efforts to provide social housing for people.”

The housing estate is a four-bedroom semi-detached terrace, four-bedroom detached duplex, three-bedroom semi-detached bungalows and two-bedroom semi-detached bungalows.

Head, Business Development for the company, Mr. Seun Okunola, said the project is a public-private partnership scheme. Okunola said: ”Housing deficits cannot be bridged without the input of the government. There is a concerted effort by Governor Seyi Makinde and if every state government toes that path that the Oyo State government is on now, the housing deficit will be a thing of the past in few years from now.”

Also speaking, the Project Technical Director, Moji Adejuyigbe, said the estate would provide a sustainable and endurable structure that will create social value to the environment.

On his part, the Oyo State Chairman, Nigerian Institution of Estate Surveyors and Valuers (NIESV), Oluseyi Adebayo, said the only way to address the housing deficit is for +government to venture into affordable housing projects.