Skip to main content

Nigerian firm to build 100 000 housing units in Liberia


Liberia’s National Housing Authority (NHA) and Chaste Mutual Investment Limited of Nigeria have reached a deal for the construction of 100,000 housing units.According to the Memorandum of Understanding signed between the two institutions, Chaste Mutual will provide financial and technical support towards the construction of the housing units, while the NHA will be responsible for the architectural work.
At the signing of the pact Tuesday, NHA’s officer-in-charge Tonia D. Johnson represented her institution, while Chaste Investment Chief Executive Officer, Dr. Ayo Olatunde was there for his firm.
Madam Johnson welcomed such investment to construct “affordable” homes for Liberians, noting that the NHA will work along with the Ministry of Internal Affairs to acquire lands in Grand Bassa and Margibi counties for the implementation of the project.


She expressed excitement about the interest of investors who want to work with the NHA which would enable it live up to its responsibility to develop and implement integrated housing programs.
In remarks at the signing ceremony, Dr. Olatunde said the agreement is in fulfillment of the Liberian government’s Pro-Poor Agenda for Prosperity and Development, stating that Chaste has the capacity and experience to develop housing units as anticipated by the government of Liberia.

Comments

Post a Comment

Popular posts from this blog

President George Weah's One Day National Forum Successfully Attended by 26 Political Parties

On Thursday, August 8, 2018, President George Weah had a sit down with 26 political parties of Liberia.  The meeting aimed at advancing ideals that promote the spirit of national unity and political tolerance between opposition political parties and the government.  ANC, LP and UP attended the meeting as a team. According to Deputy Minister Eugene L. Fahngon, Deputy Minister for Press and Public Affairs at Ministry of Information, Cultural Affairs & Tourism, all 26 political parties attended and participated from start to finish.  Even though, social media was buzzing about AB Dillion walking out of the meeting, he walked out as an individual and not a political party, "the invitation was extended to political parties and not to individuals," Minister Fahngon stated in his live video.  Each political party gave ideals and recommendations, which made the meeting a great success.  According to  Deputy Minister Fahngon, "there will be future engagement...
Post a Comment
Read more

What President Trump and Kim Jong Un Ate

The historic summit between President Donald Trump and North Korean leader Kim Jong Un continued midday Tuesday, as the leaders satisfied their appetites while holding negotiations with a contingent of advisers over a working lunch. The lunch, which followed a 45-minute one-on-one meeting between the leaders earlier in the morning and bilateral discussion with senior aides, was held at the Capella Hotel on Singapore’s Sentosa Island. It was far from an intimate affair, with each leader accompanied by a bevy of senior staff, according to the White House. Joining Trump were Secretary of State Mike Pompeo, Chief of Staff John Kelly, National Security Advisor John Bolton, U.S. Ambassador to the Philippines Sung Kim, press secretary Sarah Huckabee Sanders, and Deputy Assistant to the President for Asian Affairs Matthew Pottinger. Kim was accompanied by Kim Yong Chol , the former spy chief and one of North Korea’s chief negotiators, as well as Foreign Minister Ri Yong Ho, former...
Post a Comment
Read more

Liberian Superstar Quincy B Dead

2 March 2017 / Berenice Mulubah  Quincy B On March 3, 2017, Liberian superstar, Quincy L. Borrow aka Quincy B, died from a car accident, on his way from KARAOKE NITE, in Monrovia, Liberia.  The artist was pulled out of the damaged vehicle and rush to the JFK hospital. Quincy B did not survived.   Few hours before his death, the artist was spotted live on snap chat, singing Karaoke. Quincy B who was the driver of the car, died immediately.  Artists CIC , Margas Bimba and Feouls Kaba in the vehicle, as well, they are at the hospital, being treated.  CIC broken his legs in the accident. CIC and Quincy B are nominated for the Liberian Entertainment Awards 2017.
58 comments
Read more