From N21bn N85bn: Wike frowns over delayed development of housing model


By Abdullahi Muhammad, Abuja

Minister of the Federal Capital Territory Administration(FCTA), Barr. Nyesom Wike, has said that the Administration can no longer work with development model for the affordable housing in the territory.

The Minister gave this criticism on Monday in Abuja during a project tour to the Satellite Town Development Department, STDD, on-going affordable housing project located at Apo Waru area of the territory.

The contract which was awarded at the initial contract sum of twenty eight billion naira in 2014 to provide engineering infrastructure to the site of the housing project was queried by the minister on how the contractor was footing-dragging on the project after receiving twenty one billion naira initial payment, but with unsatisfactory answer of the Acting Coordinator Olusegun Olusa, the minister maintained that henceforth award of contract and completion of the ongoing project would be reviewed to meet the financial reality.

He frowned at the review cost variation of the contract from twenty one billion to eighty five billion naira as well as eight million naira market price of each unit of the houses at completion which was the initial projection when the contract was awarded in 2014. nine years ago, with twenty four point five level of completion.

WIke explained that the territory can no longer go ahead with an arrangement where government will provide infrastructure only for contractors to build on the land, sell and make money for themselves without leaving gain for the administration.

However, the Minister also inspected road projects around EFCC national headquarters and office of Benchers with aim of finding solution to the faults therein.