In compliance with the federal government’s directives on local content, a real estate firm, OPIC, said it has commenced the offer to prospective buyers 256 houses constructed with 80 percent locally sourced materials.
According to its Managing Director of the real estate firm, Jide Odusolu, the first phase of the housing units will be completed and delivered to prospective allottees later in the year.
As contained in the statement he delivered during an event in Ogun state recently, in addition, several kilometres of link roads from Lagos-Ibadan expressway have been constructed to the new estates Apart from its capacity to reduce housing prices, the initiative is also part of efforts to boost the country’s economy, creating direct and indirect job opportunities for Nigerians.
The expansive New Makun City housing project at Sagamu interchange and the MTR Garden Estates at Isheri end of the expressway are testaments of the corporation’s drive towards providing affordable housing for home buyers and investors.
OPIC has earmarked N4.5 billion for capital projects to cover the development of housing units and link roads to both New Makun City and MTR Garden Estates; rehabilitate roads, repair and upgrade housing units in both Agbara Residential Estates in Agbara and Alamala Estates in Abeokuta.
In an earlier report, Odusolu disclosed that in the material price was a good reason for builders who had abandoned their projects at the peak of economic recession to return to site and those wishing to start new projects to move to site.