Firm secures N6bn materials for smart city estates in Abuja, Adamawa.
Wisdom Kwati City has secured materials worth N6 billion for the construction of its pilot projects in Abuja and Adamawa State, the Chief Executive Officer (CEO) of & CEO Karabow Nig Ltd Mr. Wisdom Kwati has said.
Mr. Kwati who said this in a statement in Abuja at the weekend revealed that the firm will commence construction as soon as the rains cease in September this year.
His said: “We are taking off with Adamawa and Abuja simultaneously. We have secured materials worth N4billion for about 100 units of mixed apartments in Abuja. We have also secured about N2billion materials for bungalows in Adamawa State”.
He also disclosed that the company has global partnerships with five firms and it has already secured a full corporate offer of about $9billion for the projects.
According to him, the company already has $500million available for disbursement for commencement of works in the sites.
Besides, the CEO noted that the company has accessed other corporate entities locally that have invested the about N2 billion in the projects.
According to him, Wisdom Kwati City has secured lands valued over N10 billion in Lagos, Abuja, Adamawa, Akwa-Ibom, and Kaduna.
In his highlights of the smart city estates, he said that Abuja estate is about 15,000 housing units in about 105 hectares in Lugbe 1 Extension, just beside River Park and behind Dunamis church.
He also explained that the Adamawa State project is located on a 15 hectares at Namtari, Numan Road, Yola.