The Anambra State Government has signed a Memorandum of Understanding (MOU) with Aldove Limited for the building of 300 housing units in the state worth $30 million.

The housing units are expected to have 100 units of four to five bedroom duplexes and 100 units of three bedroom flats on two floors and another on three floors with the first phase billed for completion within 18 months.

Speaking at the occasion held at the governor’s lodge in Amawbia, Governor Willie Obiano said that the state’s equity contribution put at $9 million into the project while the investor will bring the remaining $21 million.

He described the housing scheme as an enabler in the development wheel of his administration saying that the sector has received quality attention having attracted investments worth close to a billion US dollars in the past two years.

While describing the MOU as consistent with his vision to provide effective housing delivery services to Anambra indigenes across board, Obiano reassured that his government is committed to meeting its side of the bargain.

He urged the investor to immediately hit the ground running so as to ensure that the project is completed within the stipulated time.

On his part, the Chairman of Anambra State Investment Promotion and Protection agency (ANSIPPA) and Traditional Ruler of Umuoji, Igwe Cyril Enweze, explained that the project is in line with the State Government's economic objectives for housing, promotion of urban development, creation of employment opportunities as well as creating activities in the state in order to enhance the state’s capacity to Internally Generated Revenue.

Also, the Chairman and Managing Director of Aldove Limited, Chief Maja Umeh, said the decision to bring the investment to the state was motivated by their resolve to support the developmental agenda of the Obiano administration due to the Governor's efforts to create a sustainable investment in the state.

In a vote of thanks, the Commissioner for Housing and Urban Renewal, Engr. Frank Offor said the MoU is a major milestone towards the realisation of Governor Obiano’s vision to provide affordable housing to all by the Year 2017.

•Photo shows Governor Obiano.

Update news