Qietur Limited and NASENI Sign Landmark Offtake Agreement to Develop Affordable Housing for Staff Across Four Locations in Nigeria and the FCT
On Tuesday 10th September 2024, Qietur Limited officially signed a significant offtake agreement with the National Agency for Science and Engineering Infrastructure (NASENI) to undertake the development of residential housing estates for NASENI staff across Nigeria, under a mortgage-backed owner-occupier scheme in collaboration with Family Homes Fund Limited. The agreement is aimed at addressing the housing deficit while improving access to affordable housing across locations in Abuja, Kano, Minna, Enugu and Nnewi.
This partnership reflects a critical milestone in Nigeria’s efforts to improve the living standards of its workforce while simultaneously contributing to economic growth through infrastructure development. One of the locations of the new housing estates will be on unencumbered land in Jibi, Behind Mopol Barracks, Dei-Dei, along Kubwa Expressway in Abuja, and will cater to staff interested in affordable homeownership.
Dr. Abiola Oyedotun, CEO of Qietur Limited, expressed his optimism about this partnership: “This agreement represents a bold step toward bridging the housing gap in Nigeria. With the support of NASENI and Family Homes Fund, we are going beyond developing homes, we want to create sustainable communities that will contribute to the socio-economic well-being of our people. This initiative will provide NASENI staff with the opportunity to own homes and improve their quality of life, while also boosting the construction sector and communities in the area.”
The comprehensive housing plan will feature state-of-the-art designs and modern infrastructure, focusing on energy efficiency, environmental sustainability, and community-based services such as marketplaces, resorts and green areas.
Members of NASENI Staff including Coordinating Director, Planning and Business Development, Dr. Mrs Nonyem Onyechi and Dr. Abiola Oyedotun with Staff of Qietur Limited, and representatives of Real Mortgage Solutions during the offtake agreement signing
NASENI’s Coordinating Director, Planning and Business Development, Dr. Mrs Nonyem Onyechi said that “this partnership with Qietur Limited attests NASENI’s commitment to the welfare of its staff and our belief in innovative, forward-thinking solutions to Nigeria’s housing challenges. These housing estates will offer our staff the stability they deserve, allowing them to contribute more effectively to the agency’s mission of driving technological development in Nigeria.”
The Offtake Agreement aligns with NASENI’s strategic vision of fostering industrial and technological growth by ensuring that its staff are well-supported and have access to essential living resources. The mortgage-backed scheme will ensure affordability and ease of access for staff across different income levels.
This project is expected to boost local economies, create job opportunities in construction and related sectors, and provide a model for public-private partnerships in Nigeria’s housing sector.