Nigerian firm wins $1.2bn housing contracts in Chad

Nigerian firm wins $1.2bn housing contracts in Chad


A Nigerian company, Exhimab Integrated Linx Limited has secured a $1.2 billion contract for the construction of 50,000 housing units to be financed by the Chadian Government. Chairman of the company, Alhaji Ahmed Tijani Umar, said the houses, which would be spread across all the provinces are in different categories of one, two, three and four bedroom flats in major towns in Chad Republic.


According to him, construction is expected to commence on July 1, 2010 with the completion date put at 2013. Umar described the project as one of Chad Republic’s many welfare plans to ensure that its citizenry enjoy benefit from its crude oil windfall as well as a fulfilment of President Idriss Derby’s pledge to Chadians.


Based on the Memorandum of Understanding (MoU) signed by his company and the Chadian Government, he said he was to provide 80 per cent of the funds by receiving international guarantee from the Chadian Government while the Government of the Republic of Chad would provide the remaining 20 per cent counterpart funds including land.


Alhaji Umar commended the Chadian President, Idriss Deby for the confidence and encouragement reposed on Exhimab, particularly on the tax holiday and waiver on building materials imported to the landlocked country.


Tagged: Mass Housing for All in Chad, the Exhimab boss declared that the project would be flagged off with the Presidents of other neighbouring countries of Chad present. The MoU was signed by Alhaji Ahmed Tijani Umar on behalf of Exhimab and the Minister of Housing and Regional Development, Mr. Djimrangar Dadnadji, for the Chadian Government.


According to the MoU, the Chadian Government would provide the land, and 20 per cent financing and administrative support needed for the success of the programme.