By Archibong Jeremiah
The Cross River State Government has spent about 35 million Naira on its proposed 5000 housing units project.
The disclosure was made by the State Commissioner for Social Housing, Mr. Edem Okokon Effiom in an interview with CrossRiverWatch.
His words: “The last time we spoke we were at the foundation level but currently some of our houses have started springing particularly the ones at Ifiang and about two houses are almost ready while the foundation for the other forty is ongoing.
“But at the mortgage investors end we also have Unicredit and green line properties on site (Adiabo) currently clearing and very soon their foundation will spring out from the ground”.
Regarding how much has been spent so far by his Ministry to achieve this mandate which was a campaign promise by Ayade, the Social Housing Commissioner revealed, “We have not spent much as at today, so basically what we have spent in very inconsequential, we have spent less than 35 million”.
According to him some of the 5000 houses “may come in the form of social housing where Government will build and give out while some will come in a form whereby mortgage investors come and invest their money there and recoup their money through selling”.
He assured that the project is in top gear, maintaining that: “The private sector must deliver because it is their fund that is basically tied down, our own as Government is to give out land which we have done and that forms part of our equity, the other funds come from them. In our MoU there are periods we can revoke our land if nothing happens after two years which starts counting after giving them the go ahead”.
He assured that the local content law is being obeyed by all parties involved in the project.
Though he didn’t speficy when the entire houses will be ready, he simply said they will be ready soon but in batches.
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