Lafarge Nigeria Plc has said 4, 000 Nigerians have so far benefited from its affordable housing scheme project.
The scheme tagged: “Ile Irorun” was initiated by Lafarge Nigeria in response to the challenges of urbanization in the most populous country in Africa, with a housing gap estimated at about 16 million units.
Speaking to journalists at the “Totally Concrete West Africa” held in Lagos, the general manager, Industrial Performance, Lafarge Nigeria, Mr Lanre Opakunle, said that 4,000 Nigerians have benefited from the scheme, saying that this is a major step towards the realization of Lafarge’s ambition to help build better cities in Nigeria.
He stated further: “Lafarge’s commitment to building better cities is unwavering, hence we initiated this project to help provide access to affordable housing for Nigerians”.
According to Opakunle, with the development of the real estate, the mortgage system is beginning to come up that is the way we can have a good growth in cement consumption. In Nigeria, 70 per cent of cement consumption is for individual homes builders with 17 million housing deficiency.
He added that the company has been working with LAPO Microfinance Bank, saying “We provided the professional expertise and LAPO provides the finance as this would bring a sustainable solutions to the needs of local population in terms of housing”.
(Culled from http://leadership.ng)