On Thursday, May 9, 2024, Minister Wike issued a stern warning during a visit from officials of the Real Estate Developers Association of Nigeria (REDAN), Abuja chapter. He condemned the illegal acquisition of land in the FCT, highlighting the involvement of many individuals, including some staff members of the FCT, in contributing to the land-grabbing problem in Abuja.

Minister Wike stated, “Land grabbing is not new. Some of your people are part of it, some staff of FCT are part of it. As a government, we will do all we can to see that we deal squarely with anybody that is involved, no matter how highly-placed he or she might be. It is a terrible situation we found ourselves in. People grabbing land; people illegally acquiring land, just for the purpose of becoming rich overnight.”

Setting a Higher Standard in Real Estate

In an industry plagued by such unethical practices, Techs and Concretes Nig Ltd stands out as a beacon of integrity and professionalism. As one of the trusted real estate companies in Nigeria, we are committed to transparent and legal land acquisition processes. Minister Wike's remarks about developers demanding land allocation only to sell it for personal gain are precisely the issues we strive to eliminate through our ethical practices.

Wike also pointed out, “They will do all they can; take our land and sell it to people for development. For me, that is not helping us to reduce the housing deficit, no. That is just a way of taking government land and enriching yourselves at the expense of the government. Yes, the government cannot sell land, so why will the government give out land for a housing estate and then you are selling the land? The government can as well sell the land itself if that is the case.”

Commitment to Ethical Practices

Techs and Concretes Nig Ltd aligns with the government's vision to combat these issues by ensuring that every project we undertake contributes to reducing the housing deficit and supporting community development. We never engage in the resale of land for personal profit; instead, we focus on developing high-quality, sustainable housing solutions that benefit the community and align with national development goals.

To address the challenges identified by Minister Wike, Techs and Concretes Nig Ltd ensures that all our developers demonstrate financial capacity before land allocation. We believe in thorough vetting processes, and our financial stability is often confirmed by reputable commercial banks. This rigorous approach not only boosts our credibility but also assures the government and the public of our commitment to genuine development.

Partnering for Progress

Minister Wike emphasized the need for developers to show financial capacity, stating, “The chances of developers getting land allocation would be boosted if a reputable commercial bank wrote an undertaking confirming their financial capacity.” At Techs and Concretes Nig Ltd, we adhere to this principle, working closely with financial institutions to validate our projects and ensure we have the necessary resources to deliver on our promises.

By maintaining these high standards, Techs and Concretes Nig Ltd sets itself apart in the real estate industry. We are dedicated to ethical development practices, contributing to national growth, and supporting government efforts to provide adequate housing for all.

Conclusion

In a market fraught with challenges, Techs and Concretes Nig Ltd remains a trusted and ethical real estate company in Nigeria. We are committed to transparency, integrity, and the highest standards of development, ensuring that our projects benefit both our clients and the broader community. Choose Techs and Concretes Nig Ltd for real estate solutions that prioritize ethics, quality, and community development.