Nigeria currently has a housing deficit of 17 million homes. This means that about 850,000 homes need to be built per year, for the next 20 years to bridge the gap.
Estimated @ NGN 3 million per standard 2 bedroom flat/unit; NGN 51 Trillion (NGN 2.55 Billion per year!);
The total budget to bridge housing deficit gap is clearly unsustainable with the conventional building system!
This is owing in part, to the escalating cost of building materials, skilled labour, inflation, etc.
The current best solution which favors questionable cost-cutting measures, substandard, unsustainable solutions, to save short term cost, significantly increases the long term cost – the opportunity cost.
To this end, we highlight the factors affecting affordable housing options in Nigeria as follows:
1. Unreasonable profit by manufacturers, distributors, suppliers, hardware shops, builders, contractors, etc
2. Construction Technology / system.
3. Building System Design
Our proposed solution is unparalleled to any similar competing offers.
It delivers on CQTE!
1. lowest Cost
2. best Quality
3. fastest Time delivery
4. best mass Employment prospects
It is backed by best practices guidelines, niche industry experience, tested models/results in, machine design/manufacture, trusted manufacturers/parts suppliers, open maintenance/support, technology-transfer consultancy, and small business development/management.
We are seeking a JV, for mutual benefits, with a suitable/capable partner to fulfill the financial (funding) obligations of procuring/shipping/handling/installation/commissioning of the capital equipment at our proposed factory location in Uyo Obio, Ibesikpo Asutan LGA, Akwa Ibom State.
Capital Equipment Manufacturing Lead Time: 120 days
Payment Terms: 50% cost initial deposit payment;
50% upon completion, confirmation of shipping details.
Shipping: to Port Harcourt, PH: 21-30 days
Installation/Training/Commissioning: 30 days
Total Time to opening day execution, after initial deposit payment is, 180 days (6 months).