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Ekopanely Nigeria Limited, a building construction firm has launched itself into the Nigerian housing market with the unveiling of alternative building materials (different from the conventional ones) with the ambition of closing the nation’s perennial housing deficit.
At a stakeholders’ engagement on Friday, the chairman of the board of Ekopanely, Rotimi George,
said $250 million foreign direct investment capital had been secured in partnership with OSE System AB of Sweden, owners of OurEcolution to provide fast and affordable mortgage to Nigerians.
“The collaboration guarantees foreign direct investment capital of at least $250 million in additional 10
plants at different locations across the country,” George told the stakeholders at the meeting, adding that the project will be a secondary source of income for rice farmers.
The mortgage houses would be built with walls made from rice straws through a technology-based process in a public private partnership, an initiative that is tagged “From Rice Fields to Mortgage
Housing.”
The National Agency for Science and Engineering Infrastructure (NASENI) has acquired the model plant
franchise on behalf of the federal government, while Ekopanely and OSE Systems provide the technical and financial support for the project.
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