CBN Cooperative Begins Construction of Multi-million Estate in Enugu

Christopher Isiguzo in Enugu

The Central Bank of Nigeria (CBN) Staff Multi-Purpose Cooperative Society on Thursday flagged off the construction of its multi-million Solar City Estate in Enugu, vowing to address the housing needs of workers of the bank in Nigeria.

The president of the society, Isah Aminu Buhari, who spoke at the ground breaking ceremony which took place at Emene Industrial Layout, Enugu said their mission was to ensure that all workers of the bank irrespective of their financial standing owned houses.

He said the houses when completed would be accessed by their workers at an affordable cost with flexible payment plans in line with the federal government’s initiatives of reducing the housing needs in the country.

He said the estate, occupying over 14 hectares of land, will comprise three-bedroom detached and semi-detached bungalows, four-bedroom detached and semi-detached duplexes, five-bedroom detached duplexes and a few custom design houses.

Each of the structures, he said, will be installed with solar/inverter power system, adding that all the basic facilities including tarred roads, street lighting, water and electricity will be provided.

Also speaking, Mr. Uche Uche of Geometrix Nigeria, the Estate Developer, said the project has a completion period of one year, pledging to deliver on schedule.

He said the housing fund from the Federal Mortgage Bank of Nigeria (FMBN) will be used to fund the project as beneficiaries would use the opportunity to access their funds from the bank.

Governor Ifeanyi Ugwuanyi, who flagged off the project, said the occasion was a clear testimony of the conducive environment put in place by his administration, adding that it has become the preferred destination for corporate and multilateral investors.

The governor, who was represented by his Commissioner for Works and Infrastructure, Mr. Greg Nnaji, pledged his readiness to ensure that every bureaucratic bottleneck that would affect the speedy completion, commissioning and handing over of the homes as conceived under the housing project were cleared.

Also speaking, the CBN Governor, Mr. Godwin Emefiele, represented by the CBN Enugu Branch Controller, Mr. Emmanuel Okonjo, praised the cooperative society for coming up with such a gigantic project, and pledged the support of the bank.