Medaville Building Construction Company Limited, in charge of Federal Government’s housing project in Akure, Ondo state has disclosed that the project has been completed and would be ready for inauguration in few weeks.
The construction of the housing estate which consists of 150 housing units meant to assist low-income earners, began in 2015.
The government is participating in the project through the Federal Ministry of Lands, Housing and Urban Development.
The Managing Director of MBCC, Otunba Ademola Akin-Benson, spoke during the visit by a former Minister of Justice and Attorney General of the Federation, Mr Adetokunbo Kayode, to the project site.
He said the company was committed to timely delivery of the project.
Akin-Benson pointed out that the housing estate would go a long way in addressing shortage of affordable houses for the masses.
“The project is almost completed and will be inaugurated few weeks to this time. High quality building materials were used for the execution of the project. So it is of high quality,” he said.
Akin-Benson commended the President, Muhammadu Buhari and the Minister of Works and Housing, Mr Babatunde Fashola, as well as the management of the Federal Mortgage Bank of Nigeria for their commitment to solving challenges in the sector through right investment.
He noted that the company would consistently sustain good relationship with other stakeholders by executing Federal Government’s housing projects awarded to it according to specification.
In his remarks, the former Minister, Adetokunbo Kayode, commended the Federal Government for the execution of the project.
He noted that such investment if well implemented, would greatly reduce high cost of house rent in most states across the country.