Benue State Governor, Samuel Ortom has commended the Benue investment and Property Company Limited, BIPC for its investment in Housing Development.
The Governor who was on tour of BIPC Fountain Estate Phase 1, Nyiorgyungu noted that such investment will go a long way in bridging the housing deficiency gap in the country.
According to the governor, the gap within the Housing sector in the Country is unprecedented and there is need for Government Agencies such as BIPC to think out of the box and develop initiatives that will cushion the effect of housing deficit within the State.
He reiterated his Government’s commitment to supporting BIPC’s quest on Land acquisition through the Ministry of Lands and Survey and charged the Management of the Company to develop a frame work that will outline the execution of intended projects not just in the interim but for a long term.
Earlier, the Managing Director and Chief Executive Officer of the Company, Barr. Alex Ter Adum presented the prototype, project components, Funding, the projected completion period and the Cost per unit sale of the Nyorngyungu Fountain Estate to the Governor.
He stated that the Fountain Estate Phase 1 which is a 30 unit ultra Modern three bedroom bungalow comes with state of the art facilities and is modeled to satisfy the crave of owning a befitting house by Benue indigenes without necessarily engaging a third party.
He said the cost of acquisition is evenly spread to cover twelve months with an initial deposit of 7.5 Million and balance of N11 million within 12 months and expressed satisfaction with the quality and pace of work done so far.