Tuesday, October 27, 2009

Government approve deal with Chinese firm for housing and power generation in Abuja

A memorandum of understanding has been signed by The Federal Capital Territory (FCT) for Chinese firm, Global Group Corporation (CGGC) to commence mass housing, development of infrastructure, and power generation in Abuja.

The managing director of Abuja Investment Company Limited (AICL), Dr. Abdual Muktar made this statement:

"According to the recently approved mass housing guidelines only reputable developers would be engaged while FCT administration is committed to providing infrastructure. Some of the excuses that the developers have been putting for low quality of housing have to do with where they have to provide infrastructure themselves but the FCT Minister has made it clear that infrastructure would be provided for them," he said.

Head of Government Relations with the CGGC, Mohammed Mustapha, said that the company was invited to Nigeria in 2005 by former President Olusegun Obasanjo after being impressed with the hydro power project the company completed in China. Mr. Mustapha added that CGGC has vast experience in city planning, infrastructure development, and real estate. The company is currently working on Libya's largest housing project of 10,000 housing units valued $1 billion.


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