Create single agency to address estate developers —FG Urged

From Charity Nwakaudu, Abuja

Real Estate Developer has Federal government to create a single agency , like Single Treasury Account,(TSA) to address the plights of Real Estates developers for efficient decision making.

The Executive Director Pennek Nigeria Limited , Kennedy Nnadi made this plead at the official opening ceremony of the estate in Abuja, yesterday.

According to him,dealing with various government agencies during construction is a challenge, adding that there should be a streamlined process to simplify these procedures.

Kennedy said :”Similar to the Treasury Single Account (TSA), there should be a unified government agency overseeing construction-related matters for efficient decision-making.

“The government must support developers because a nation’s progress hinges on their contributions. While the government may conceive ideas, developers drive the vision and mission.

“With governmental support, including tax waivers, asset protection, and overall encouragement, our business can thrive in Nigeria”,he said.

Regarding to the Certificate of Occupancy (C of O) matters, he mentioned that discussions are ongoing, and the situation is not yet finalized.

“We are actively engaging with the government, exploring viable options. It’s a positive step; everyone will eventually have their C of O, and as per our plan, the estate is secure. The necessary documents are prepared, awaiting transfer to the subscribers”,he stated.

While addressing youth unemployment, he highlighted the company’s success in reducing the unemployment rate in Nigeria.

” In this specific project, we’ve employed a minimum of approximately 300 individuals, significantly impacting their income and ability to manage personal affairs.”