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Chinese developers set to invest in Nigeria

By Kate Obande-Okewu on 25/04/2018

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•Director Chinese Investors, Jin Changsheng
•Director Chinese Investors, Jin Changsheng


The Director Chinese Investors, Mr Jin Changsheng, says that his organisation is willing to invest in the low-income mass housing scheme in the country.

Changsheng disclosed this at the Affordable Housing Summit organised by Zvecan Homes and Estate on Tuesday Abuja.

The Summit was tagged “Attracting Foreign and Local Investors, for housing construction and acceptable business models for infrastructure development and equity plan scheme for mortgage financing in Nigeria.’’

He noted that Chinese infrastructural development has been steady for 30 years, adding that their wealth of experience would go a long way in addressing the housing and infrastructural deficit in Nigeria.

“We have gone round Abuja and we have seen the deficit in infrastructure, we are here to help and ensure that houses are affordable and available for Nigerians.

“We understand what it means to lack infrastructure and we will commence the process soon,” Changsheng said.

He said that his organisation would make efforts to attract other Chinese investors to Nigeria.

Earlier, the Managing Director, Zvecan Homes and Estate, Mr Nicholas Ogbede, said that a large population of low income and middle-income earners live in semi-planned settlements around the Federal Capital Territory (FCT).

He added that utilities and basic amenities were limited in these settlements and the distance from the suburb to the city centre where their offices are located affect the work output of public servants negatively.

According to him, the summit intends to address these challenges and boost the living condition of public servants and Nigerians generally.

“To deliver affordable mass housing stock, particularly targeting the low-income bracket, the FCT needs its specific housing policy, comprehensively framed to address its peculiarities.

“Proximity to the hubs of the National Rail, transit way line and along major regional routes should also be considered.

“Stakeholders consultative forum needs to be established for periodic meeting and consultations to address the many challenges of housing delivery.’’

He noted that the Zvecan Homes and Estate currently has affordable 3,000 housing units plan for private and public workers at Apo, Katampe II, Kubwa and Kuje.

Ogbede explained that these houses were being built according to the demands and affordability of their subscribers so that they don’t just build randomly and nobody purchases the house.

He commended the Chinese investors for their interest in Nigeria, adding that the government would give them all the necessary support in ensuring that the housing challenge in the country was addressed. (NAN)



Source News Express

Posted 25/04/2018 03:58:50 AM


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