*Targets N1tr. from sale of land
By Christopher Isiguzo
Determined to shore up the state’s revenue base in view of the global economic meltdown, Enugu state government has set a target of one trillion naira to be realised from the sale of landed property at the newly carved out New Independence layout within Enugu metropolis.
The target, which is coming on the heels of the recently concluded Oganiru Enugu Investment Summit, also came with a cheery news of government’s plan to build about 2, 500 housing units for low and high income earners.
The new independence layout, christened, Heliu residences ( an acronym drawn from the name of the state governor, His Excellency Lawrence Ifeanyi Ugwuanyi) located along Enugu-Portharcourt expressway is the first district being created by the state government since the creation of Enugu state, about quarter of a century ago.
The new layout, covering over 132 hectares of land, is divided into two with one section for construction of five hundred houses of single family or twin family duplexes/bungalows to be solely financed by a Consortium led by FIT Consult and five hundred plots of land
for sale to individuals for development.