The executive Governor of Benue State, Samuel Ortom, has commissioned a housing project in the state capital, Makurdi. The Fountain Estate, Nyorgyungu, executed by Benue Investment and Property Company Limited (BIPC), is aimed at addressing the high demand for housing in the state.
In his remarks, Governor Ortom expressed his delight at the commitment of BIPC towards estate development and tackling housing deficits. He noted that the housing deficit in Nigeria is high and it is important to invest in estate development to reduce its impact on the people.
The Governor also acknowledged the potential benefits of investing in the estate, stating, “Whatever you pay today, give one year, this building will appreciate, and if you want to sell, you can make more money.” He further commended BIPC for adding value and proposing more initiatives not just in Benue but also in Abuja.
While commending the board and management of BIPC for their proactive approach to development, Governor Ortom emphasized that his government has a zero-tolerance policy for interference in the management of the company. He attributed the success of BIPC to the non-interference policy, stating that his government trusts in the competence of the company’s management and board.
The Governor assured the incoming administration of his support towards the continuation of the good work of BIPC. He noted that if previous boards had done even a quarter of what the current board and management are doing now, there would have been many more estates commissioned in the state.
The Fountain Estate, Nyorgyungu, is a project by BIPC, a limited liability company which is owned by the Benue State Government. The estate is set to offer affordable housing to the people of Benue State.
The project was commissioned barely nine days to the end of the Ortom administration, with expectations that the incoming administration will continue to support the development and growth of the state.
