This week, one of Nigeria’s leading property developers, Nedcomoaks, signed a Memorandum of Understanding (MoU) with Forte Oil.
The details of the MoU ensure that homes sold by Nedcomoaks are fully fitted with Forte Oil’s ‘Green Energy’ solution for medium income earners.
‘Green Energy’ is a solar power solution that comes with four panels, four 100 amps and 12 volts batteries. The 1.5 KVA solar panel is sold at a unit price of N700,000 by Forte Oil, but will be available for free for every home bought from Nedcomoaks, which has a gallery of bespoke suits for sale in the Lekki-Chevron axis.
“This is a remarkable day for us as a company,” Chief Executive Officer at Nedcomoaks, Kennedy Okonkwo, said during the MoU signing, which was held on one of the company’s properties in Lagos. “We have been existing for 10 years within the Lekki axis and power generation has always been a major issue when we deliver homes to clients. Over time, we have tried several energy solutions and at a point we got fed up.”
But that frustration ended when Nedcomoaks was approached by Forte Oil. “The product is good,” Okonkwo said. “We have tested and you can be guaranteed of its quality. It can be good for all real estate developers nationwide.”
Nedcomoaks, which has a mission statement “to be an innovative market leader in the business of providing affordable housing solutions that exceeds customer expectations, whilst recognising our employees as our single most important asset” is currently offering apartments for sale in Chevron, Lafiaji, Ikate/Elegushi, Ajiran, Oral Estate, Ikoyi, Ologolo, all within Lagos.
“The vision was to build a company that would be a market leader in property development and management in Africa,” Okonkwo has said. “And this company is living that vision with the projects that we are doing.”