Press Releases

Fashola Meets Investors In Qualitative Lagos Mass Housing In Mecca

Sep 16, 2009 - Governor Babatunde Fashola (SAN) took the opportunity of his lesser Hajj trip in far away Mecca, Saudi Arabia to meet with the Board and Management of a major property development firm on Wednesday, September 16,2009.

The meeting to which the Governor led some State Government officials comprising the Commissioner for Finance, Mr Rotimi Oyekan and his Home Affairs and Culture counterpart, Alhaji Tunde Balogun took place at the Inter-Continental Hotel in the Holy City and was convened to review progress report on the company’s planned Housing development in Lagos.

Speaking at the meeting, in his usual upbeat manner about the viability of the Lagos and Nigerian market Governor Fashola said he looked forward to the take off of the project noting that he could only see the immense possibilities and not problems.

Governor Fashola stated that Lagos State Government backed housing projects have always been well received by the public and that investors could be certain of a reasonable and timely return on their investment.

The Governor advised that the developers will be expected to help provide a mortgage or similar payment plan in order to ensure broad based accessibility to the project.

Governor Fashola promised to champion prompt response to all the administrative and diplomatic protocols necessary to facilitate the commencement of the project.

Giving a progress report earlier, the Chairman of the firm’s Board, Dr Sultan Abdullah Bahabri said his company has put the project on fast track with the Consultants and Contractors already chosen. He added that the State and local host community stand to benefit a lot from the project because an entire industry will be created to manufacture components to be used at the estates being developed which could serve the entire West African sub region.

According to Dr Bahabri, the level of confidence which his organization has in the administration of Governor Fashola can be seen in the fact that it chose to invest in Lagos over a country like Jordan.

The meeting which had in attendance top level Board members and Partners of the Saudi Arabia based firm also had in attendance the Deputy Governor of Mecca, Mr Abdullah Al-Faez.

 

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