FCT landowners get ₦9bn compensation

Firm advances housing development ___________________________________________________________________ From Okwe Obi, Abuja A housing firm, Qietur Limited, has commenced a ₦9 billion compensation scheme for landowners across Guzape II, Maitama II, Kuje, Wasa, Karasana, Mpape, Asokoro Extension, Karshi, Gidan Daya and Jibi Phase 2 in the Federal Capital Territory (FCT), Abuja. Speaking on the compensation scheme, the Managing Director of the firm, Dr Abiola Oyedotun, noted that the compensation marked a significant step in its plans to support affordable housing development and wider economic growth across Nigeria. Oyedotun, in a statement yesterday, said the initiative formed part of Qietur’s wider investment ambitions across housing and infrastructure, manufacturing and consumer goods, within a planned investment scheme valued at US$2 billion. According to him, the housing scheme aligns with the Federal Government’s Renewed Hope agenda to expand access to affordable homes and encourage private-sector participation in addressing Nigeria’s housing deficit. He disclosed that Qietur had previously outlined its commitment to housing development through projects including Qietur Community in Jibi, Abuja, and its involvement in the Abuja Cooperative City initiative, which is expected to provide affordable homes for federal workers and cooperative members. Oyedotun said: “We are pleased to play our part in addressing Nigeria’s housing needs and contributing to the delivery of one million homes over the next ten years. Lagos 2027: Rhodes-Vivour unveils plans to tackle flooding, housing crisisBelgore moves for improved ways of affordable housing deliveryNigeria@66: Affordable housing still a pipe dream “We recognise the scale of the challenge and the importance of sustained investment, effective partnerships and responsible development in making quality housing more accessible and affordable. “The phased compensation programme is an important step in advancing our plans. We are committed to approaching this process responsibly and working with relevant stakeholders as we lay the groundwork for housing projects that can create lasting value for communities and contribute to Nigeria’s economic development.” He added that Qietur’s long-term housing ambition reflected the need for sustained investment in residential development and the infrastructure that makes communities viable. Beyond housing supply, he said projects of this scale could support employment, strengthen local supply chains and create opportunities across construction and related industries. “The company intends to continue progressing its development plans in phases, with further details on project implementation and timelines to be communicated as they are confirmed. “Through its housing and infrastructure activities, Qietur aims to contribute to a more accessible housing market while supporting broader economic and community development across Nigeria,” he added.   Tags:

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