Fidelity bank banner Bayelsa State banner
Chinese developers set to invest in Nigeria

By Kate Obande-Okewu on 25/04/2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 597

•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

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Buhari sick, no longer in control of Aso...

7 in police net over illegal advertising practice...

New group emerges for promotion of Yoruba interests...

Shippers’ Council budgets N1bn for system automation

Otti, Ikpeazu await fate as Abia Governorship Election...

BRANDish to discuss way forward for Nigerian banks...

Ogoni traditional rulers cry out over continued detention...

Dust haze, sunny and cloudy weather conditions to...

MASSOB demands compensation for Biafra War victims, opposes...

Gunmen kidnap music star, shoot wife

Hundreds walk for health in Lagos

Collapsing buildings: Reps worry over low-grade cement, hold...

 

Latest News INEC gives notice of 2019 elections Police raid Peace Corps office, arrests 24 members 20 trapped under rubble of collapsed building in Abuja Anti-Open Grazing Law: Crucify us with Ortom, Benue monarchs tell FG Police parades father, 13-year-old son over child theft 2019 Elections: Presidential aide raises concern over NASS silence on Police, DSS budgets Third Mainland Bridge to be shut month end — Fashola We’ll win if election is conducted today — APC Sallah Celebration: Lagos CP deploys additional 1,000 policemen Fayemi vows to review mass recruitment by Fayose We have seen dividends of democracy, Kwara chief tells Minister during road inspection Enugu commences repairs of potholes on urban roads

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (377,927 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (366,787 views) Shameless Genevieve Nnaji exposes breasts in public (296,492 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (242,034 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (222,862 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (217,238 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (192,701 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (174,885 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (159,726 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (158,488 views) Lagos plane crash: Journalist releases victims’ names (152,852 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (143,130 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (56) Business & Economy (3,460) Business Verdict (48) Columnists (911) Complaints & Requests (95) Enterprise & Opportunities (207) Entertainment (528) Features (637) Global Business Monitor (294) International (2,275) Interview (162) Live Commentary (28) Love Matters (134) News (38,095) Opinion (1,060) Pidgin (11) Politics (6,078) Religion (822) Sports (1,648) Stock Watch (33) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Real Madrid vs Atletico Madrid 2-4 Highlights and Goals

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement