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N4bn Goodluck Estate With 228 Units Ready For Commission; IS THIS TRUE? - Politics - Nairaland

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N4bn Goodluck Estate With 228 Units Ready For Commission; IS THIS TRUE? by Calebsky(m): 2:49pm On Jul 17, 2013
Information available to me from GRAPEVINE is that the first phase of Goodluck Estate comprising 228 3-bedroom units has been completed and ready for commissioning. The housing estate which is exclusively residential, is nestled in a very secure and highly accessible part of Idimu in Alimosho area of Lagos metropolis. The estate which was initiated in 2008 but actual construction work commenced in 2011, has unparalleled access to key city locations such as Ikeja, Murtala Mohammed International Airport, Lagos State University, LASU, Ejigbo, Isolo and Iba. The sprawling estate is sited on 11.5 hectares of land.

APC: Is this true? Somebody should please tell us.
Re: N4bn Goodluck Estate With 228 Units Ready For Commission; IS THIS TRUE? by Calebsky(m): 2:52pm On Jul 17, 2013
I'm currently in Port Harcourt. Can someone in Lagos confirm if this is true. If true, i would recommend that such a project be extended to all major cities in the country.
Re: N4bn Goodluck Estate With 228 Units Ready For Commission; IS THIS TRUE? by Maxymilliano(m): 2:57pm On Jul 17, 2013
The first phase of Goodluck Estate comprising  228 3-bedroom units has been completed and ready for commissioning.

The housing estate which is exclusively residential, is nestled in a very secure and highly accessible part of Idimu in Alimosho area of Lagos metropolis.

The estate which was initiated in 2008 but actual construction work commenced in 2011, has unparalleled access to key city locations such as Ikeja, Murtala Mohammed International Airport, Lagos State University, LASU, Ejigbo, Isolo and Iba.


Goodluck Housing Estate, Idimu before completion.

The sprawling estate sited on 11.5 hectares of land, is a partnership deal between the Nigeria Police Force who are the owners of the land and Remax Realtors Nig. Limited, the developer. The estate which is expected to provide 504 housing units of three-bedroom each at the completion of the second phase by 2014, will cost a whopping N4 billion.

In a chat with Vanguard Homes&Property, the chief executive officer of Remax Realtors Nig. Limited, the developers and promoters of the estate, Mrs. Funke Adesoji said the estate which has a leasehold of 99 years, is a Public Private Partnership, PPP project, pointing out that 60 per cent of the 504 housing units the estate is expected to provide would be sold to men and officers in the police force because the police are the owners of the land, and that was the agreement reached between her company and police.

Remax Realtors’ boss who noted that she funded the project through borrowed funds from both local  and international financial institutions, disclosed that the remaining 40 per cent would be sold to members of the public.

Mrs. Adesoji who said payment for the apartments can be either by cash which is direct payment or through mortgage arrangement, explained that subscribers who intend to pay through mortgage arrangement must be subscribers to the National Housing Fund, NHF or such subscribers can arrange for mortgage loans through their bankers, as her company has no mortgage arrangement with any of the primary mortgage institutions for the purchase of the apartments.

She disclosed that the key features in the estate are that each flat has a large living and dining room with big windows for aeration, guest toilet, master bedroom en-suite two additional bedrooms with family bathroom and toilet, as well as spacious kitchen with a store.

The infrastructure and facilities in the estate include beautifully landscaped and tarred roads, fully fenced and gated estate, two parking lots per flat, electricity with adequately clustered transformers, solar-powered street lights and boreholes with water treatment plants. Others are standard drainage system, recreational facilities, shopping mall, adequate security, professional facility management services and provision for sports as well as community centre.
http://www.vanguardngr.com/2013/07/phase-1-of-n4bn-goodluck-estate-ready-with-228-units/
Re: N4bn Goodluck Estate With 228 Units Ready For Commission; IS THIS TRUE? by Rhino5dm: 3:25pm On Jul 17, 2013
Sai Jonathan 2015! cool
Re: N4bn Goodluck Estate With 228 Units Ready For Commission; IS THIS TRUE? by taharqa2: 3:32pm On Jul 17, 2013
Rhino.5dm:
Sai Jonathan 2015! cool
*scratches eye properly*....
Re: N4bn Goodluck Estate With 228 Units Ready For Commission; IS THIS TRUE? by Freeanijoo(m): 3:33pm On Jul 17, 2013
I think GEJ got me on this one. Carry go gentle dude.
Re: N4bn Goodluck Estate With 228 Units Ready For Commission; IS THIS TRUE? by taharqa2: 3:39pm On Jul 17, 2013
@topic, this is a VERY VERY Good development. I am particularly happy that a large chunck of such a HUGE and modern (thankfully) Housing estate would go to Police Officers and their family, but also impressed that the Estate was a colla bw a Private concern and a Govt institution that seemed to have worked pretty well....... Can anyone provide Info on how d Mortgage System work in Nigeria these day
Re: N4bn Goodluck Estate With 228 Units Ready For Commission; IS THIS TRUE? by Goddex: 3:46pm On Jul 17, 2013
I remember exactly when GEJ flagged off commencement of construction
work of that Housing estate in 2011. I remember how he smiled and joked that since
the estate is named after him, he would surely deliver it in good time.

Fresh air everywhere!!!!!!!

2 Likes

Re: N4bn Goodluck Estate With 228 Units Ready For Commission; IS THIS TRUE? by Degis(m): 3:51pm On Jul 17, 2013
I hate Lies especially when told unashamedly. Where is the Input of the Goodluck administration in all these, especially the funds committed into this project by GEJ?. This is just a joint partnership between the Police and the Private Developer, without any direct input of the Administration.

2 Likes

Re: N4bn Goodluck Estate With 228 Units Ready For Commission; IS THIS TRUE? by Calebsky(m): 4:01pm On Jul 17, 2013
ok i see. it's confirmed. would have loved to see the photos after completion. in any case whether by GEJ or Joint partnership i would love this kind of project replicated in all the major cities. Even though it wouldn't be enough it would help in reducing the cost of housing. especially in a place like Port harcourt where the cost of housing is highly exorbitant compared to the income of the people.
Re: N4bn Goodluck Estate With 228 Units Ready For Commission; IS THIS TRUE? by musiwa33: 4:06pm On Jul 17, 2013
[size=38pt]that is a private developer what does that concern goodluck in that. go to school. stop telling lies.[/size]

2 Likes

Re: N4bn Goodluck Estate With 228 Units Ready For Commission; IS THIS TRUE? by Gbawe: 4:14pm On Jul 17, 2013
Freeanijoo: I think GEJ got me on this one. Carry go gentle dude.

Do you guys bother to read anything at all or will everything always boil down to desperately attempting to 'steal' achievements for a President who actually does not have much? Apart from being the President in charge when this project only coincidentally named "Goodluck" was delivered, what is the contribution of Jonathan to this? This deal, originally struck in 2008, is exclusively between the NPF, who provided land, and Remax Realtors who sourced funding for and managed the project.

If GEJ did not initiate this project and played no part securing funding for the project so what exactly are you praising him for? You guys should stop dumbing down the forum please. All this 'attachment' you are doing for GEJ is embarrassing as it makes you all look desperate.

http://www.vanguardngr.com/2013/07/phase-1-of-n4bn-goodluck-estate-ready-with-228-units/

The estate which was initiated in 2008 but actual construction work commenced in 2011,

The sprawling estate sited on 11.5 hectares of land, is a partnership deal between the Nigeria Police Force who are the owners of the land and Remax Realtors Nig. Limited, the developer.

In a chat with Vanguard Homes & Property, the chief executive officer of Remax Realtors Nig. Limited, the developers and promoters of the estate, Mrs. Funke Adesoji said the estate which has a leasehold of 99 years, is a Public Private Partnership, PPP project, pointing out that 60 per cent of the 504 housing units the estate is expected to provide would be sold to men and officers in the police force because the police are the owners of the land, and that was the agreement reached between her company and police.


Remax Realtors’ boss who noted that she funded the project through borrowed funds from both local and international financial institutions, disclosed that the remaining 40 per cent would be sold to members of the public.
Re: N4bn Goodluck Estate With 228 Units Ready For Commission; IS THIS TRUE? by Gbawe: 4:18pm On Jul 17, 2013
musiwa33: that is a private develop what does that concern goodluck in that. go to school. stop telling lies.

Abi ooh. How embarrassingly shameless is this desperation to attach Jonathan to what he has no input in and only shares the name "Goodluck" with?
Re: N4bn Goodluck Estate With 228 Units Ready For Commission; IS THIS TRUE? by Gbawe: 4:21pm On Jul 17, 2013
@Topic.

Impressive effort and collaboration. Especially commendable is the effort of Remax Realtors who are the property developer that sourced funding for the project. Good to know that 60% of the 504 units are reserved for men and women of the NPF.
Re: N4bn Goodluck Estate With 228 Units Ready For Commission; IS THIS TRUE? by Amanwulu1(m): 4:23pm On Jul 17, 2013
GEJ surely has gud intentn 4 nig bt d power hungry opositn doesn't wnt him 2 succeed. Also Katsina govmnt built 30 3-bedroom in each of its 34 LG nd 500 of such in two places within d metropolis. Democracy is gud.
Re: N4bn Goodluck Estate With 228 Units Ready For Commission; IS THIS TRUE? by Calebsky(m): 4:26pm On Jul 17, 2013
Goddex: I remember exactly when GEJ flagged off commencement of construction
work of that Housing estate
in 2011. I remember how he smiled and joked that since
the estate is named after him, he would surely deliver it in good time.

Fresh air everywhere!!!!!!!

Are you sure you are telling the truth?
Re: N4bn Goodluck Estate With 228 Units Ready For Commission; IS THIS TRUE? by Calebsky(m): 4:28pm On Jul 17, 2013
taharqa2: @topic, this is a VERY VERY Good development. I am particularly happy that a large chunck of such a HUGE and modern (thankfully) Housing estate would go to Police Officers and their family, but also impressed that the Estate was a colla bw a Private concern and a Govt institution that seemed to have worked pretty well....... Can anyone provide Info on how d Mortgage System work in Nigeria these day

info please on the bolded....especially from the specialists and well informed.
Re: N4bn Goodluck Estate With 228 Units Ready For Commission; IS THIS TRUE? by Calebsky(m): 4:33pm On Jul 17, 2013
Gbawe: @Topic.

Impressive effort and collaboration. Especially commendable is the effort of Remax Realtors who are the property developer that sourced funding for the project. Good to know that 60% of the 504 units are reserved for men and women of the NPF.

I sincerely wish that we have more of this collabos across the country.....and that it also transcends to members of the public not in civil service.
Re: N4bn Goodluck Estate With 228 Units Ready For Commission; IS THIS TRUE? by Gbawe: 4:45pm On Jul 17, 2013
Calebsky:

I sincerely wish that we have more of this collabos across the country.....and that it also transcends to members of the public not in civil service.

It would appear this particular scheme makes 40% of the housing units available to the public. That is encouraging.

In answer to your enquiry about how the mortgage scheme works, it is twofold. Access a mortgage loan through the NHF scheme scheme (National housing fund scheme) or get a conventional mortgage loan from your bank. On paper, and in theory, the Government-backed NHF would appear the wiser choice as no profit-seeking bank would be able to come near let alone match the interest rate on offer from the NHF over a 30 year period. The NHF scheme is also available to salaried workers employed in non-government work also. Could be a winner for those who qualify to join the scheme and contribute to it.

http://www.unionhomes.com.ng/nhf.asp


National Housing Fund Scheme (NHF)

National Housing fund (NHF) is a Federal Government introduced scheme, to which all public servants and employees in the organised private sector within the country are expected to contribute 2.5% of their monthly salary to Federal Mortgage Bank of Nigeria, managers of the fund. Employees of various corporations who are active contributors to the scheme, can access the fund through Union Homes Savings and Loans Plc. Maximum of # 5 million at the rate of 6% interest repayable over a period of 30 years is obtainable under this scheme


Requirements For National Housing Fund (NHF) Loan Scheme
Account relationship with Union Homes
Be a contributor to the fund for at least six months
Have satisfactory evidence of regular flow of income to guarantee the loan
Apply on a prescribed mortgage loan application form
Submit photocopies of valid title documents (Cof O)
Approved survey/site plans
Approved building plans
Letter of consent to mortgage to Union Homes Saving and Loans Limited
Priced bill of Quantities where applicable
Valuation report prepared by a firm of registered surveyors and valuers where applicablee
Offer letter / Acceptance and Allocation letter (In case of Governments projects)
In case of registered self employed, he/she must submit a copy of Articles and Memorandum of Association, and a copy of Articles and Memorandum of Association, and a copy of Certificate of Incorporation evidencing his/her employment status.
Re: N4bn Goodluck Estate With 228 Units Ready For Commission; IS THIS TRUE? by luvmijeje(f): 4:47pm On Jul 17, 2013
Propagandists, I hail o. For some1 just to browse through a thread, you have to be a detective, reasearcher and discerner, Oga o.

1 Like

Re: N4bn Goodluck Estate With 228 Units Ready For Commission; IS THIS TRUE? by Nobody: 4:50pm On Jul 17, 2013
Click like if you are impressed by this singular act of mr President.

7 Likes

Re: N4bn Goodluck Estate With 228 Units Ready For Commission; IS THIS TRUE? by billante(m): 5:21pm On Jul 17, 2013
Pls as a pro jonathan, i would say this project has absolutely nothing to do with Jonathan, whether it is named after him or not....tens of this kind of project goes on a daily basis in lagos and other part of the country.....Go through guardian newspaper on a monday and see for urself.

So Op and co, no praising of Jonathan in this one! there are tens of other project he has done and should be commended but not this one.
Re: N4bn Goodluck Estate With 228 Units Ready For Commission; IS THIS TRUE? by taharqa2: 5:42pm On Jul 17, 2013
Degis: I hate Lies especially when told unashamedly. Where is the Input of the Goodluck administration in all these, especially the funds committed into this project by GEJ?. This is just a joint partnership between the Police and the Private Developer, without any direct input of the Administration.
.
Re: N4bn Goodluck Estate With 228 Units Ready For Commission; IS THIS TRUE? by Nobody: 5:58pm On Jul 17, 2013
I see a wicked attempt to deny the FG credit in this project.

FOR THE RECORDS: The federal ministry of housing and urban development delivers housing projects through 3 vehicles:
1) direct budgetary funding ( completely publicly funded)
2) through PPP (Public-Private-Partnership)
3) mortages through the Federal Mortgage Bank of Nigeria (FMBI)

In the past two years, the ministry of housing and urban development has delivered the following housing units (COMPLETED):
1) 560 housing units completely funded from the budget
2) 1,754 housing units through PPP
3) 4,934 housing units through the FMBN

The Goodluck Housing Estate is one of the housing units completed under PPP. PPP implies collaboration between the govt and private sector. Collaboration means the FG brought something to the table and possibly facilitated the project while the private sector provided part or whole of the funding, depending on the arrangement.

Why was a project conceived in 2008 not commenced until 2011? Why was a project that could not commence in 3yrs (2008 to 2011) suddenly completed in 2yrs (2011 to 2013)? What was the MAGIC that took place?

This post is not intended to celebrate the project BUT it is evil to try to discredit the input of the govt, however little, in the project. In any case, historically, little things are the most difficult things to do in Nigeria because of VESTED INTEREST. Even the report by Vanguard attest to the FACT that the Goodluck Housing Estate was delivered by PPP.

The public (first P) component of the project, whatever it is, was done by this govt and this made the project a reality.

Below is the picture of the Goodluck Housing Estate and it was one the projects shown by the minister of housing and urban development, Ama Pepple, during the recent Ministerial Platform.

2 Likes

Re: N4bn Goodluck Estate With 228 Units Ready For Commission; IS THIS TRUE? by Nobody: 6:17pm On Jul 17, 2013
Degis: I hate Lies especially when told unashamedly. Where is the Input of the Goodluck administration in all these, especially the funds committed into this project by GEJ?. This is just a joint partnership between the Police and the Private Developer, without any direct input of the Administration.
Even if its a partnership between the police and a private developer, is the police not a federal institution under the president? Is the police autonomous? The police cannot embark on any project except its approved by the president.
Re: N4bn Goodluck Estate With 228 Units Ready For Commission; IS THIS TRUE? by sleekdot(m): 6:22pm On Jul 17, 2013
[size=14pt]A project started in 2008 when Retardeen was still serving Tuwo shinkafa in Turais kitchen is now credited to him?[/size]
Re: N4bn Goodluck Estate With 228 Units Ready For Commission; IS THIS TRUE? by Gbawe: 6:29pm On Jul 17, 2013
Sincere 9gerian: I see a wicked attempt to deny the FG credit in this project.

FOR THE RECORDS: The federal ministry of housing and urban development delivers housing projects through 3 vehicles:
1) direct budgetary funding ( completely publicly funded)
2) through PPP (Public-Private-Partnership)
3) mortages through the Federal Mortgage Bank of Nigeria (FMBI)

In the past two years, the ministry of housing and urban development has delivered the following housing units (COMPLETED):
1) 560 housing units completely funded from the budget
2) 1,754 housing units through PPP
3) 4,934 housing units through the FMBN

The Goodluck Housing Estate is one of the housing units completed under PPP. PPP implies collaboration between the govt and private sector. Collaboration means the FG brought something to the table and possibly facilitated the project while the private sector provided part or whole of the funding, depending on the arrangement.

Why was a project conceived in 2008 not commenced until 2011? Why was a project that could not commence in 3yrs (2008 to 2011) suddenly completed in 2yrs (2011 to 2013)? What was the MAGIC that took place?

This post is not intended to celebrate the project BUT it is evil to try to discredit the input of the govt, however little, in the project. In any case, historically, little things are the most difficult things to do in Nigeria because of VESTED INTEREST. Even the report by Vanguard attest to the FACT that the Goodluck Housing Estate was delivered by PPP.

The public (first P) component of the project, whatever it is, was done by this govt and this made the project a reality.

Below is the picture of the Goodluck Housing Estate and it was one the projects shown by the minister of housing and urban development, Ama Pepple, during the recent Ministerial Platform.

Can you not just shut your dishonest mouth sometimes? The NPF provided the land and Remax Realtors had to source the finance for the project. That consideration and of course other salient built environment challenges and issues can affect commencement and completion date. Yet you must foolishly, using the most 1d1iotic of logic, link everything to your messiah. Your other points are not even worth responding to as they are the usual f1lth that comes out of your lying mouth.

You are the patently evil one trying to link the FG to this when this particular project, as stated, is a PPP arrangement struck between the NPF and Remax realtors. All you know to do is lie shamelessly and without recognition for limits of decency. Your ignorance about built environment collaboration is shocking but your rudimentary attempt at deciet will not surprise those who know how shameless you are to the point of not deferring to facts.


Nairalanders, check it out yourself. Go to the website of Remax realtors below and see this particular estate mentioned under the section "PROJECTS: our work so far". The project is listed under "Lagos State police housing Estate".

http://www.remaxrealtorsng.com/page/projects/laspohousing/

2 Likes

Re: N4bn Goodluck Estate With 228 Units Ready For Commission; IS THIS TRUE? by Nobody: 7:41pm On Jul 17, 2013
Gbawe:

Can you not just shut your dishonest mouth sometimes? The NPF provided the land and Remax Realtors had to source the finance for the project. That consideration and of course other salient built environment challenges and issues can affect commencement and completion date. Yet you must foolishly, using the most 1d1iotic of logic, link everything to your messiah. Your other points are not even worth responding to as they are the usual f1lth that comes out of your lying mouth.

You are the patently evil one trying to link the FG to this when this particular project, as stated, is a PPP arrangement struck between the NPF and Remax realtors. All you know to do is lie shamelessly and without recognition for limits of decency. Your ignorance about built environment collaboration is shocking but your rudimentary attempt at deciet will not surprise those who know how shameless you are to the point of not deferring to facts.


Nairalanders, check it out yourself. Go to the website of Remax realtors below and see this particular estate mentioned under the section "PROJECTS: our work so far". The project is listed under "Lagos State police housing Estate".

http://www.remaxrealtorsng.com/page/projects/laspohousing/

You are sure a brilliant chap!

That insincere9gerian guy has no pact wt decency and truthfulness...lying as if there won't be an hereafter

I can't imagine him appropriating a purely PPP business concern wt a GEJ govt...he shd as well infer that all construction endeavour goin on in abuja,Lagos n PH are d handiwork of d FG because d govt gave d realtors C of Os

A PPP is what it say it is.d project took a while to get off owing to funding issues as no financial institution wil touch such projects if all paper works(site seeing,verification,cost ratio analysis,loan risk assessment,collaterization of loan to be disbursed,amortization,board approval as no single individual can approve this kind of loan due to obligor limit n all that which takes a while) are not concluded

1 Like

Re: N4bn Goodluck Estate With 228 Units Ready For Commission; IS THIS TRUE? by Nobody: 8:11pm On Jul 17, 2013
Gbawe:

Can you not just shut your dishonest mouth sometimes? The NPF provided the land and Remax Realtors had to source the finance for the project. That consideration and of course other salient built environment challenges and issues can affect commencement and completion date. Yet you must foolishly, using the most 1d1iotic of logic, link everything to your messiah. Your other points are not even worth responding to as they are the usual f1lth that comes out of your lying mouth.

You are the patently evil one trying to link the FG to this when this particular project, as stated, is a PPP arrangement struck between the NPF and Remax realtors. All you know to do is lie shamelessly and without recognition for limits of decency. Your ignorance about built environment collaboration is shocking but your rudimentary attempt at deciet will not surprise those who know how shameless you are to the point of not deferring to facts.


Nairalanders, check it out yourself. Go to the website of Remax realtors below and see this particular estate mentioned under the section "PROJECTS: our work so far". The project is listed under "Lagos State police housing Estate".

http://www.remaxrealtorsng.com/page/projects/laspohousing/
I dont have time for your silly endless arguements. The FACT is the project is a PPP. The first P in the PPP is PUBLIC (which is the police). The police is a federal govt institution under the control of the president. Also, the ministry of housing and urban development played a role in the project because it was shown as one of the projects completed under the ministry at the recent ministerial platform. Whatever the police or the ministry of housing did to facilitate completion of the project cannot be discredited by HATEFUL minds.
Re: N4bn Goodluck Estate With 228 Units Ready For Commission; IS THIS TRUE? by abes(m): 8:23pm On Jul 17, 2013
Sincere 9gerian:
I dont have time for your silly endless arguements. The FACT is the project is a PPP. The first P in the PPP is PUBLIC (which is the police). The police is a federal govt institution under the control of the president. Also, the ministry of housing and urban development played a role in the project because it was shown as one of the projects completed under the ministry at the recent ministerial platform. Whatever the police or the ministry of housing did to facilitate completion of the project cannot be discredited by HATEFUL minds.

Then GEJ should be held responsible for the atrocities committed by the NPF (killing innocent Nigerians), since the actions of the NPF is the action of the federal government.

1 Like

Re: N4bn Goodluck Estate With 228 Units Ready For Commission; IS THIS TRUE? by Mogidi: 12:41am On Jul 20, 2013
Even if GEJ built Gbawe's house the dolt will still attribute it to someone else. How can a sane person (considering Gbawe is sane) exhibit so much hate?

1 Like

Re: N4bn Goodluck Estate With 228 Units Ready For Commission; IS THIS TRUE? by ba7man(m): 5:21am On Jul 20, 2013
As long as it spells development for this Country, I'm all for it.

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