The construction is being financed by the IFC and SWF.
The Ogun State Government and a Chinese Construction Company, Citic Construction Ltd., on Tuesday signed a memorandum of understanding for the construction of 2,000 housing units.
The Investment Manager, Citic Construction, Robert Xu, made the disclosure in Abeokuta, after a meeting between representatives of the company and Governor Ibikunle Amosun.

Mr. Xu explained that the project would commence soon and would be financed by the International Finance Corporation (IFC) and the Sovereign Wealth Fund (SWF).
The manager gave assurance that the houses would be affordable, adding: “all classes of people will be taken into consideration’’.
The Country Manager of IFC, Solomon Adegbie-Quaynor, told newsmen that the houses, when completed could be acquired through outright purchase or mortgage.

He said Ogun was being used as a test ground, adding that the gesture would later be extended to other parts of the country.
The Ogun governor, Ibikunle Amosun, said that the development was part of the government’s efforts to provide affordable housing for the people and enhance urban renewal.
He said that his administration was rebuilding the state to make it “the investment destination of choice’’.
(NAN)
http://premiumtimesng.com/regional/145432-chinese-firm-construct-2000-housing-units-ogun.html

Good news

That region has been in the news for awesome of late. I hope it continues like forever...

I will still pray for them even though they weren't hospitable when I used to serve there as corper.

hope they wont build fake houses for our people. china and fake products sha. Any way good for them. APC all the way

Chinese building mere houses in nigeria where civil engineers graduates are being zombily produced year in year in year out in nigeria?Where there are so many unemployed trades men and women?

The politicians are mortgaging the future of unborn nigerians to foreigners. I just learnt they have sold apapa wharf for pittance like the rest of the people's establishments they are dubiously acquiring for themselves and their cohorts. I don't know how truthful that is?

what is wrong with osun state? Italians process dia palm oil, chinese build residential houses, wat do d indigens do?

basilo101: what is wrong with osun state? Italians process dia palm oil, chinese build residential houses, wat do d indigens do?

other people will help u build ur house if you are accomodating.

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