Wednesday, November 16

Obiano flags off N1.4trn housing project in Awka

Anambra State Governor, Chief Willie Obiano ,yesterday flagged off the construction of a new housing estate estimated to gulp about N1.4 trillion in Awka, capital city of the state.
The project, which would consist of about 100 units of various types of houses, including duplexes and high rise apartments and sitting on 20 hectares of land donated by Ezinano Community in Awka South Local Government Area, is expected to be completed within 18 months.

The estate, which is financed by Senator Annie Okonkwo, who represented Anambra Central in the 6th Senate, has provisions for a shopping complex, offices, a police post, schools and hospital.
It was gathered that the investor would contribute 90 per cent of the funds, while the state government would contribute 10 per cent.
On completion, the profit sharing formula would be 85 per cent for the investor, 10 per cent for the state government and 5 per cent for the host community.
In a remark, Obiano appealed to the youths of the community not to disrupt work on the site and noted that the project would create about 2,000 direct and indirect jobs for the community.
He said with the takeoff of the project, his administration had attracted investments of about 4.8 billion dollars since assumption of office, adding that the project, known as Hills Estate was the 27th company he had attracted to the state.
Earlier in his speech, Senator Okonkwo expressed happiness that he was able to bring to Anambra the type of projects he had seen in other major cities in the world, noting that the investment could not have been possible if Governor Obiano had not created a conducive environment for the project.
Okonkwo said though Obiano had excelled in security provision, his greatest achievement since coming to office was the unification of Anambra people, irrespective of their political leanings.
“Obiano is a governor that does not discriminate in the development of the state and it is what he is doing that is attracting our people from all parts of the world to come home and invest.
With what he is doing, Anambra State will soon become a home for tourism in Nigeria and it will not take long for the state to become self sufficient in many sectors of the economy. He therefore needs the support of Anambra people to actualize his programmes” Okonkwo stated.

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