Showing posts with label N20 Billion. Show all posts
Showing posts with label N20 Billion. Show all posts

Thursday, July 4, 2013

Nigeria: Babangida Has Put Down Foundation for N20 Billion Abuja Estate

Local News

Former Nigeria President Ibrahim Badamasi Babangida has set the building blocks of a N20 thousand 400-unit housing house to be developed by Downtown Shelter Ltd., in cooperation with Kano State government in Lokogoma area of Abuja.

The former President, who set the building blocks on Friday, recommended the dogged initiative of Downtown Shelter for what he identified as the immense economic and social prices the developer is taking to carry on the true house sector in Nigeria.
He needed the sustainable and improvement of the collaboration speed by the Kano State government whose many laudable developmental projects in their state is worth emulation.

Chairman, Downtown Shelter, Mal. Ibrahim Aliyu said the house to be referred to as "The Promenade" would consist of a variety of 1-5 bedroom duplexes across a 2 hectare land.
He said the residences, likely to be completed in 2015, will consist of social amenities including shopping center, club home, swimming pools and basketball courts among others.

Kano State Governor, Rabiu Musa Kwankwaso recommended the attempts of the FCT Minister, Sen. Bala Mohammed, who ensured that the area on that the house is going to be developed was guaranteed with regards to name and possession.
He said their state government can be partnering with Downtown Shelter to supply 100 housing models in Durumi area of Abuja at the cost of N9 thousand while over 1,400 models are nearing completion in the newest Amana, Kwakwasiya, and Bandarawo cities of Kano metropolis.