Abuja real estate firm, Big Homes Ltd has urged landowners, manufacturers and professionals within the Federal Capital Territory to partner with developers to develop more projects that will provide affordable homes and create employment in the country.
The company said partnership reduces the risks and burdens associated with construction and increases the rewards for partners and stakeholders involved.
In a chat with LEADERSHIP, BigHomes Managing Director, Topsy Essien said partnerships need to be encouraged as the economy needs a lot of capital investments that will create more jobs for the overall well-being of the citizens.
Essien said due to scarce resources, costs are on the rise, and projects are too capital intensive to pull off without shared resources.
“We encourage PPP now more than ever. We urge the government to engage the private sector on a new level. On our part, we at Bighomes are open to partnership with the government, entities and all stakeholders with vested interests. We are open to partnering with landowners, manufacturers and professionals in the sector to chart this course as we embark on developing more projects that will provide more affordable homes and create more jobs.
“I would like to mention that our financial institutions need to do more. Interest rates need to come down. Loan should be available for those who need it and this should not be in terms of preference. Just because one sector is less risky than others, should not mean the banks should only pay attention to that sector and neglect others.
Speaking further, Essien wondered why landowners, people selling building materials are still paying rent. “I see landowners that are still paying rent, I see professionals in our sector that are still paying rent. Through partnership, we can bridge these gaps, cut costs in the process, and most of all, ensure the success of the partnership because we have equity in it” he added.
