The federal government has thrown its weight behind the newly-launched Bristol Terraces Project in Abuja, which is expects to deliver 350 units of 4-bedroom terraces, within the 117-hectare Brains and Hammers City.
A leading real estate company Brains & Hammers recently got the support of the federal government over its newly developed Bristol Terraces Project in Abuja, which is expects to deliver 350 units of 4-bedroom terraces, within the 117-hectare Brains and Hammers City.
The company said the project will boost over 3,000 housing units within the federal capital territory and affirms its commitment towards ensuring lasting impact in the real estate sector by providing top notch development that mets all class of earners in Nigeria.
Speaking during the formal launch of the project, is the Managing Director of Federal Mortgage Bank of Nigeria (FMBN), Mr. Ahmed Dangiwa, who pledged the support of the government to ensure that the vision becomes a reality
Dangiwa the guest of honour at the event, expressed his optimism towards the project and says the government -owned bank is proud to be associated with the development firm.
The FMBN boss stated that on its own, it is committed to ensuring that Nigerians have access to decent and secure accommodation through affordable mortgage financing, especially for Nigerians with limited access to resources.
He commended the management team of Brains and Hammers for its steadfastness and leading role in the quest to develop quality houses for Nigerians despite the daunting economic and Covid-19 realities.
“The Federal Mortgage Bank of Nigeria is proud to be associated with Brains and Hammers. The company has carved a niche for itself in the real estate sector in Nigeria.
“We do not doubt that this new project will play a significant role in reducing the housing deficit in the country upon completion,” he stated.
Earlier, Chairman of Brains and Hammers, Mr. Adebola Sheidu, noted that the company was forging ahead relentlessly in its bid to actualise the Brains and Hammers City vision, stressing that it has withstood arbitrarily high exchange rates, 200 per cent increase in the cost of building materials and the resultant effect of Covid-19.
“This ground-breaking event is a watershed moment for us and our partners like the Federal Mortgage Bank, Jaiz Bank, ARM investments, and Fidelity Bank.
