Thinklab Group Limited is pleased to announce the signing of a historic Public-Private Partnership (PPP) agreement with the Borno State Government – BOSG . This landmark ceremony marked the beginning of a collaborative effort to develop two major housing projects in the state.
The projects include the completion of 404 housing units in Bakassi GRA along Biu Road and 190 housing units in Dr. Shettima Ali Mongono Teachers Village along Pompomari Bye-Pass. Both projects will be equipped with essential infrastructural facilities, including road networks, electrification, water supply, and reticulations, as well as landscape elements.
As part of this agreement, Thinklab Group Limited will provide the necessary funding for project development, which will serve as our equity. In return, the Borno State Government will contribute the uncompleted housing units as its equity, with a sharing ratio of 60% for Thinklab Group Limited and 40% for the state government.
The signing ceremony was chaired by the Honourable Commissioner of Works and Housing, Engr. Mustapha Gubio, in the presence of the Permanent Secretary, Engr Ali Baware, Special Adviser, Engr Kori Shettima, General Manager, Housing Corporation, directors and top officials of Thinklab Group Limited led by its Chairman, Dr. Sa’id Alkali Kori.
As a renowned development and finance company with extensive experience in housing and infrastructure development in Nigeria, we will be responsible for fixing prices for the houses and selling or renting them to recover our funds. The state government will provide titles for each housing unit to ensure marketability.
We appreciate the Borno State Government’s commitment to supporting the private sector and creating an enabling environment for investment. We assure the state of our dedication to delivering quality output and creating local job opportunities.
