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Lagos, others to partner developer on affordable housing



Lagos, others to partner developer on affordable housing


The Lagos State Government and four other state governments said in order to produce mass are partnering with Adron Homes to secure affordable housing units for the low and medium income earners in Nigeria.

According to the Group Managing Director, Adron Group, Adetola Emmanuel King, disclosed this in Lagos, stated that the Lagos State Government, Oyo, Ogun, Nassarawa states and FCT have agreed to partner with the company on a public private partnership (PPP) housing initiative in the states.

He disclosed that contracts for the PPP housing projects might be signed any time from now.

He said: “We will seal a PPP contract with the state governments, especially Ogun State any moment from now. Nassarawa State Governor has also shown interest. Also, we have interest in Abuja, FCT.”

Speaking with the Sunday Telegraph after the firm’s independence promo event in Lagos, King pointed out that the concept and practice of PPP has now permeated virtually all the sectors of the economy as government and private organisations are jointly investing in infrastructure provision.

Justifying the PPP in housing production, he said that return of democracy has ushered in previously elusive freedom for private organisations in Nigeria to independently invest in the social welfare of citizens since government alone cannot handle it efficiently.

Before now, the Adron Homes boss said his firm has been indirectly partnering governments to provide solutions to affordable housing’s challenges.

According to him, more than 70,000 subscribers have been attracted to some of the housing estates being promoted by the firm, while potentials 20,000 landlords have taken positions.

“We don’t just build gigantic housing estates. We invest heavily in the provision of modern infrastructure not just for the benefits of thousands of landlords and residents of our estates but also for their host communities in Abuja, Lagos, Ogun, Oyo, and Nasarawa state,” he said.

It would be recalled that Nigeria has on estimated 17 million housing deficit and will be required to build one million houses yearly in the next 20 years to bridge the gap.

To encourage home seekers and investors across the country to make their investment decision on property King said the firm has unveiled Adron-Samsung 58,000 synergy, which was intended to further manifest the philosophy of making housing “incredible affordable”.

He said through this, a whooping total of 58,000 units of latest versions of Samsung phones would be made available for free distribution to subscribers.

With the initiative, he said,:“Every Nigerian and other residents have the opportunity to own any of the trending models of Samsung phone devices by subscribing to at least a plot of land in any of the estates in Abuja, Lagos, Ogun, Oyo, and Nasarawa states.”

Samsung’s Head of Operations, Mr. Olumide Ojo, the generally high qualities of services and products typically rendered by Adron and Samsung are comparatively cheap and affordable to the masses necessitated the synergy.

To encourage more people to own a property, King disclosed the firm has introduced a soft payment plan for people, especially those in the lower rung of the ladder in the society, who cannot pay lump sum of money at once.

King said that clients’ investments are adequately secure, especially as all the properties have genuine document and no family or land grabbing issues to contend with.

He said, “All our estates have infrastructure and other amenities such as good roads network, proper drainage system, electricity. All the documents are genuine and there are not issues of land grabbers or ‘Omo onile’ to contend with,” he said


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