Following efforts by Federal Government to address the problem of housing in the country, the management of Federal University Otuoke is not relenting in that direction.
The Vice Chancellor Federal University Otuoke, Prof. Mobolaji Aluko at a town hall meeting with staff of the Institution Wednesday announced a public private partnership on housing projects stating that the effort is to ensure affordable housing is provided for staff.
According to the VC, the intent is on promoting home ownership for staff of federal university Otuoke off-campus and on-campus with the collaborative efforts of the University and property developers.
Prof. Aluko posited that the University is taking advantage of the paradigm shift for home ownership urging members of staff to take advantage of the platform being created by the University.
“I want this to be the hallmark of this University, that we have a significant number of staff who have begun to own houses. The VC explained”
The interactive meting had in attendance three Property Developers, Lager Stead, Juta and FGlobal Companies which the VC assured staff are credible Property Developers.
Speaking on behalf of the three companies Mr. Richard Agbaje spoke on modalities of the partnership noting that they have plans to build 1,500 housing Units in Otuoke.
According to him, the companies are coming up with affordable housing, ranging from 3 bedroom Terrace Duplex, 4 bedroom Duplex, 3 bedroom semi-detached duplex, 2 bedroom semi-detached bungalow, 3 bedroom semi detached bungalow, 3 bedroom fully detached bungalow and 2 bedroom block of flat.
The essence of the scheme is to encourage staff to own properties off-campus, at affordable mortgage payments with a 15 year payment plan.
The Public Private Partnership on housing will be guided through the Federal University Otuoke Staff Multi-Purpose Cooperative Society Limited.