COPEN to deliver 1,500 houses
COPEN to deliver 1,500 houses
COPEN to deliver 1,500 houses
A real estate development firm, the COPEN Group, is set to deliver over 1500 housing units across different cities between 2021 and 2023, to ameliorate the housing crisis in the country.

The housing development firm observed that the country had made modest achievements in housing delivery, adding that it was necessary to bridge Nigeria’s housing deficit which it put at over 20 million units.

It said, “In the face of this collosal statistics, the burden and sense of mission that God has called us to has remained and is intensified.”

The Managing Director of the company, Mr Ugochukwu Chime, stated this at the COPEN Housing Launch 2021, which held at the Miracle Arena, AMADEO Events Centre, Enugu, on Friday.

At the launch, which had in attendance, the Deputy Governor of Enugu State, Mrs Cecilia Ezeilo, amongst other dignitaries, Chime said the company had threefold vision of mentoring, poverty alleviation and housing for all.

According to Chime, the 1500 housing units will be built in Abuja, Lagos, Awka, Abakaliki, Nsukka, 9th Mile Corner, Enugu, among others.

He said that the company’s over 15 years’ experience in housing development had placed it at vintage position to deliver timely, efficiently and cost-effectively.

The COPEN boss said, “Beginning with the commissioning of Bethel Estate in 2008, we have seen God deliver for us Goshen and Jubilee Estates, in 2011; Elim Estate, in 2014; Jedidiah Gardens & Elshammah Estate, in 2017; FMBM/NLC/TUC/NECA Workers’ Village and Adonai Gardens Nsukka, in 2020.

“Knowing the trepidations and challenges we had in the development of each of these estates, we are truly humbled by the feats the LORD is accomplishing in and through us.”

He said, “Coming into this year, we received a commission to deliver 500 housing units each year for the next three years, as part of our contribution to assuaging the need of our people.

“When we nursed the idea of estate development in Enugu in 2006, it seemed absurd. Many naysayers advised us against Enugu but we found the Enugu State government forward-thinking. It embraced the possibilities inherent in the real estate ecosystem.

“Enugu State Government gave us the land for the development of Bethel, Elim, Jedidiah, Elshammah, Workers’ Village, Adonai and Elohim estates.

“We have completed and commissioned most of these estates because of the support of the Federal Mortgage Bank of Nigera.

“FMBN has supported us tremendously through the provision of estate development loans as well as individual mortgages for our off-takers.

“It is trite to say that without our collaboration with this great institution, our work might not have thrived as it has. So, we appreciate FMBN today and always for the many ways it has empowered COPEN to fulfil its mission.”

A number of participants at the event testified to the honesty, hard work and consistency of COPEN Group in initiating and completing every project despite the challenges and odds they have faced in the transaction dynamics and value chain.

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