6 November 2012

Nigeria: 'Private Sector Holds Key to Accommodation Problem'

If government is sincere and wants to solve accommodation problems in Nigeria, let them give professionals in the private sector power to enable everybody have shelter within a few years.

This was the submission made by the Chief Executive Officer of Festrut Group Limited, Dr. Festus Asikhia, while speaking to newsmen during the group's maiden dinner organized for clients in Abuja Sunday.

The private developer said that land in some areas of Abuja can be acquired with N200,000 and buildings built with up to N3million, adding that clients can repay in about 15 years, no matter their salary scale.

"Our property are affordable to low income earners as we have plans for them with the banks to get affordable loans spread across a time frame that will be comfortable to pay," he stated.

While speaking on the issue of demolition which is giving clients' of estate developers' sleepless nights, Asikhia said that due process should be followed by property developers in the FCT to avoid unnecessary financial losses and emotional pains as a result of demolitions witnessed in Abuja recently.

In a goodwill message, former House of Reps member, Dino Melaye, hailed the prices fixed to Festrut Property and advised members of the public, especially low income to take advantage of them.

He advised Nigerians to get out of their comfort zones to fight corruption in the country, if not the situation will remain the same.

Copyright © 2012 Daily Trust. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.