Ekiti State Government,
A statement yesterday by the state government said with the deal, Ekiti State would join one of the largest affordable housing initiatives in the world.
According to the statement, all of the new affordable homes built would include renewable energy and disease preventative technology - including solar panel roofs, waste-to-energy technology and mosquito-repelling coatings.
Ekiti State is the latest to join one of the largest affordable housing initiatives in the world, part of UNOPS Sustainable Infrastructure Impact Investments (S3I) - which would deliver 1.3 million homes across multiple countries on three continents over the next decade.
The partnership would create thousands of local jobs at the factory and on construction sites and would spur economic growth among a host of local industries.
As part of the agreement signed yesterday, UNOPS and SHS would seek to mobilise resources from third party investors to fund the initiative whose gross development value (based on the sales value of completed homes) is estimated to reach
UNOPS would bring to bear its comparative advantages in areas such as infrastructure, procurement and project management.
The agreement provides that Ekiti State Government would identify and allocate suitable land for potential developments and help create an enabling environment for foreign direct investment and mortgage finance.
Speaking on the programme, Governor
Also speaking on the partnership, the United Nations Assistant Secretary-General and Chief Executive of S3I (Sustainable Infrastructure Impact Investments), Vitaly Vanshelboim, said: "We are very pleased to support this contribution to
On his part, the Chairman of
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