Musa Shehu, President, Road Transport Employers Association of Nigeria (RTEAN), said on Monday that a Nigerian investor had purchased land worth N1billion to develop a housing estate in the FCT for members.
Shehu said that the estate was necessary to ease accommodation challenges in the federal capital.
He said that the investor would build 2,800 houses for members of the association, which would be paid for over a period of 15 years.
“We have partnered with local and foreign investors on our housing estate, drivers’ academy and purchase of 500 tonnes of high capacity vehicles.”
He said that RTEAN had also signed an MoU with a German company to build a drivers’ academy in each of the six geo-political zones, to train professional drivers.
According to him, the academy is not just to teach to people how to drive but also for vehicles repair and maintenance, among others.
“We shall also partner with engineering students in universities on vehicles repair, maintenance and tracking,” he explained.
Shehu said that the partnership with both foreign and local investors would create employment opportunities, adding that the projects would begin in September.