Afordable Housing China others to the rescue

Ronke Kehinde/

The Chief Executive Officer, Sungold Group Ltd., Abuja, Mr Amarachi Iwuanyanwu, has announced the completion of its first set of 350 Solar powered Energy Estates in Gwarinpa in Abuja.

According to Iwuanyanwu, the set of buildings are part of the over 4,000 being planned for the FCT Abuja and on completion will be first of its kind in Nigeria.

Iwuayanwu told the News Agency of Nigeria (NAN) on Tuesday in Abuja that it was time builders in the country started thinking outside the box to meet the housing needs of Nigerians.

He stressed the need for critical infrastructure like power in some housing estates, saying that most elegant buildings remain an “uncompleted project” as owners still need to continually source for energy to make their homes comfortable.

He said, “Housing also becomes more expensive, when you quantify this additional cost of generating power through the use of generators and the attendant environmental pollution it causes.

“It becomes necessary for developers to seek permanent solution.”

This, he said, informed the idea behind smart homes that will incorporate inbuilt sources of power not dependent on external energy supply.

Iwuanyanwu added, “Already this innovation has gone down well with our clients/buyers, who inundate us daily with inquiries about owing such dream homes where power outage no longer constitute a challenge.”

He said that spurred by the housing deficit in the country, “Sungold a foremost Estate builder is determined with the good environment created by the current administration of President Muhammadu Buhari to build affordable houses in every part of Nigeria”.

NAN has reported that according to experts in the housing sector, Nigeria is in deficit of over 17 million housing for its 170 million citizens, whereas China with its 1.3 billion populations has a surplus of 70 million unoccupied houses.

Meanwhile, the Minister of State for Power, Works and Housing, Mustapha Shehuri, has assured that the present administration is determined to bridge the housing deficit confronting the nation.

He said this at the inauguration of a housing estate initiated by the Federal Mortgage Bank under public/private partnership agreement in March.

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By Dipo

Dipo Kehinde is an accomplished Nigerian journalist, artist, and designer with over 34 years experience. More info on: https://www.linkedin.com/in/dipo-kehinde-8aa98926

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