President Goodluck Jonathan has he would on May 23 this year commission the 324 unit Elim Housing Estate in Enugu State.
The Minister of Housing, Lands and Urban Development, Mrs. Akon Eyakenyi, conveyed the President’s message on Friday, during a final inspection tour of the estate.
The Managing Director of NBP Projects Limited, developers of the estate, Rev. Ugochukwu Chime, said the Federal Mortgage Bank of Nigeria funded the project.
Chime said the estate was designed to meet the needs of both middle and low-income earners.
He said, “Besides, there is a stable mortgage loan repayment rate of six per cent per annum (on the balance) for an extended period of up to 30 years subject to the applicant’s age.”
Eyakenyi stated that the successful completion of the estate was another major project under the current administration’s drive to produce affordable housing for Nigerians.
She stated that the Federal Government was striving to alleviate the pains of Nigerians who did not have a cover over their heads.
She said, “The estate is another major stride by the Federal Mortgage Bank of Nigeria in funding a Nigerian developers.
“The quality of delivery is very encouraging and I observed perfect finishes in the housing units, especially in the three-bedroom bungalows. Indeed, this is another good democracy dividend.”
The Managing Director of FMBN, Mr. Gimba Yau Kumo, added that other estates in Enugu being funded by the bank were Vyvian, Eltabera and Kelloyds estates.
