…as EDPA unveils criteria for PPP, JV
Edo State Governor, Mr. Godwin Obaseki’s reforms in private property management and plans for affordable housing have opened up the real estate sector to private developers.
Edo ceremonial Governor, Mr. Godwin Obaseki
The affirm authority had ratified a rule banning actions of district progress Association, set up a secretive chattels safety taskforce to make certain that developers and material goods owners fix not fall over kill to land-grabbers and other devious basics in the belongings sector.
It is against this environment that the Edo incident and house group (EDPA) is vocation on developers to tap from the developing existent estate sector in the circumstances for enhancement of inexpensive housing in a develop, finance, manufacture and vend arrangement. The intend plus makes scope for joint-venture partnerships.
Executive Chairman, EDPA, Ms. Isoken Omo, in a release, supposed the state-owned rule will be exploring the private-public firm (PPP) choice in increasing reasonable bona fide estate projects across the state.
She said, “The projects will be sited on various strategic parcels of land pooled into the Edo State Housing Development Land Bank domiciled with the agency.
“Other sites for the projects include new sites of land that will be identified in line with the proposals submitted by prospective developers and investors who are interested in partnering with the state government in developing, financing, building and selling housing units across the state.”
Recall that Governor Godwin Obaseki had, in his Workers’ Day address, promised social housing for workers and other residents in the state.
“In delivering Housing to workers, plans are on between the Federal Mortgage Bank, Nigeria Labour Congress (NLC), Trade Union Congress (TUC), Nigeria Employers Consultative Association (NECA) and the Edo State Government to provide Housing for Edo State workers. The repositioned Edo Development and Property Agency (EDPA) is also working on social housing for Edo workers by private investors,” the governor said at the Workers’ Day event.
A bill to reposition the EDPA was signed into law recently by the governor to empower the agency for partnerships that will boost housing stock in the state and reduce the overall national housing deficit figures.
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