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Chinese firm to invest $300m in FISH-P



The Chinese government through an organization known as the One Belt
and One Road, Financial Operation Office, China, will soon, be
investing 300 million dollars in Nigeria’s mass housing scheme
popularly known as the Federal Integrated Staff Housing Programme

This was made known to journalist by the Director One Belt and One
Road Financial Operation Office, China, Mr Steven Kim, during a news
briefing organised by Zvecan Homes and Estates in Abuja.

Kim noted that his organisation was collaborating with Zvecan Homes
and Estate with whom they recently signed Memorandum of Understanding (MoU) to construct 5000 housing units in FCT and its environs.

“The aim is simply to support people oriented projects. We are from
One Belt and One Road, Financial Operation Office in China an
organisation that invests in projects that directly affect the life of
people in Africa.

“We are here to support Zvecan on their projects, particularly that of
the Federal Integrated Staff Housing Scheme (FISH). We believe that
this is the project that will benefit the lives of the people in Abuja and Nigeria in general and we will be able to finance the project through our office”, he said.

In his response, Mr Nicholas Ogbede, Managing Director Zvecan Homes
and Estate who said the investment by the Chinese government would help alleviate the housing challenge of civil servants also revealed that his organization, had also signed MoU with the Office of the Head of Civil Service of the Federation to Construct 700 housing units under the FISH Programme.

“We want to provide affordable houses in good locations for civil
servants, because many of them travel long distances before getting to
their offices every day. Presently we have more than 5000 off takers
who have indicated interest in our estates and we have decided to use
the National Housing Fund to access mortgage for the civil servants.We
are also trying to get in touch with relevant ministries departments
and agencies that can provide raw materials for our construction at
low prices to help us achieve our set goal’’, Ogbede said.