Developer decries high
cost of property in Abuja
By MODESTUS CHUKWULAKA, Abuja
Monday, December 31, 2007
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Photo:
Sun News Publishing |
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An Abuja property developer, Mr. Dom Egwim, has decried high
cost of renting property in Abuja and said the houses are
being priced beyond the reach of ordinary working folks.
He said a situation in which residents use up all their yearly
earning to pay house rents in the Federal Capital is most
unfortunate, pointing out that Nigerians are not only entitled
to live in good affordable houses, but also own properties
of their own.
Egwim, whose company, Salmars Properties Limited, is embarking
on the development of Wisdom Estate at Lugbe, an Abuja settlement
on the Airport Road, said the problem of accommodation in
the city would be reduced if private developers do not price
their property beyond the reach of ordinary Nigerians.
He said the Wisdom Estate was his company’s response
to the national emergency, and is meant to prove that it is
possible for the working class to own decent houses in good
locations in the Federal Capital at affordable costs.
“We are poised to assist our fellow Abuja dwellers to
own houses of their own in a very conducive and splendid environment
in the capital city at a very reduced rate,” Egwim said,
adding that the estate is one of the cheapest in the city.
Egwim lamented the recurrent incidence of collapse of houses
in the country and traced the problem to incompetence, use
of low quality building materials in the construction as well
as poor architectural design.
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