Fidelity bank banner UBA 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: 673

•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+




You may also like...
Pope Francis publishes new guidelines on Catholic family...

BREAKING NEWS: Chaos in Osogbo as UNIOSUN students...

Nigerian refugee who fled Boko Haram beaten to...

Lagos mobile preacher remanded over theft of Lexus...

FG offers tax offenders 29 per cent waiver...

Buhari mourns as Ex-IGP Coomassie dies

14 Christian groups cry out over Shariah Bill...

CBN boosts Forex market with $331.41m

Sokoto gets $6m World Bank grant

Amaechi is Niger Delta version of Zik, Awo,...

FEC approves bilateral tax agreement between Nigeria, Singapore...

Senate Leader sings different tune on Magu after...


Latest News BREAKING NEWS: 24-hour curfew imposed on Kaduna community 2019: Yoruba youths set agenda for Atiku Tiv group files N550bn suit against Buhari, Miyetti Allah, others Obasanjo/Atiku: Catholic Secretariat clears Fr. Kukah •Accuses Buhari Media Organisation of mischief Obi dismisses allegation of ethnic bias in Onitsha Bridge Head clean-up •Denies comments on first class travel, foreign medical trips Okowa calls for abolition of death penalty, advocates prison reforms 2 die as political thugs clash in Lagos No plot to assassinate Fayose in custody — EFCC NHIS Executive Secretary bags indefinite suspension Atiku, Obasanjo and the road ahead Atiku denies owning online grant scheme Imo APC guber primary: Appeal panel upholds Nwosu’s election


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (407,318 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (382,696 views) Shameless Genevieve Nnaji exposes breasts in public (315,050 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (257,463 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (237,650 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (224,437 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (204,250 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (185,734 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (170,379 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (165,988 views) Lagos plane crash: Journalist releases victims’ names (161,621 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (149,398 views)


Categories Advertorials (3) African Press Organisation (81) Art & Literature (67) Business & Economy (3,687) Business Verdict (52) Columnists (948) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (559) Features (659) Global Business Monitor (304) International (2,541) Interview (165) Live Commentary (28) Love Matters (145) News (39,717) Opinion (1,124) Pidgin (13) Politics (7,282) Religion (881) Sports (1,733) Stock Watch (35) AMA & Al Jazeera Global Update


NLNG Prize for Literature 2018

Zenith Zero Balance

CBN banner

Firstmobile banner





LIBYA vs NIGERIA 2-3 Goals Highlights


APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera