Home Works OGUN MOVES TO CONSOLIDATE ON ITS URBAN RENEWAL POLICY

OGUN MOVES TO CONSOLIDATE ON ITS URBAN RENEWAL POLICY

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The Ogun State Government has revealed plans to further consolidate on its Affordable Housing and Urban Renewal policy by latching on the economic and environmental potentials of its borderline communities.

To this end, the Ogun State Property and Investment Corporation (OPIC) is partnering with Nigeria Re-Finance Company (NMRC) to provide premium and affordable housing that would enhance the State’s status as the industrial hub of Nigeria.

The Managing Director, OPIC, Mr. Babajide Odusolu, made this known when he conducted a delegation of Primary Mortgage Banks (PMBs) on a technical inspection round MTR Gardens, Isheri, for on-the-spot assessment of structures and facilities at the Estate, noting that, the move was aimed at making Ogun State Housing Scheme more affordable and accessible to the people through a more people-oriented mortgage system.

Odusolu said government has subsidized the cost of its properties, adding that, the partnership with NMRC was to further make house ownership affordable in a bid to bridge the gap created by housing deficit in the State.

‘’Ogun State had particularly subsidized the cost of these houses to make it affordable with unique attractions which high networth individuals and investors wanted and sourced in highbrow areas of the Nigeria economic nerve centre. MTR Gardens, Isheri now guarantees same quality of life in its ‘’City Life Comforts, Country Style Serenity,’’ Odusolu said.

The OPIC boss said a lot of amount had been committed into providing maximum security and modern infrastructure, including road networks across its estate sites to allay the fears of residents and investors on security threats.

The Head, Business Development, NMRC, Mrs. Dorothy Obata who spoke on behalf of Consortium PMBS said, ‘’NMRC is impressed with housing development in Ogun State. I believe OPIC is doing a good job here. No doubt, Ogun State is in the forefront of housing development.’’

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