Abuja Investments Company Limited (AICL) has reaffirmed its commitment to supporting Abuja Properties Development Company (APDC) in advancing affordable housing, sustainable real estate development and inclusive community growth as the subsidiary marks its 20th anniversary.
The Group Managing Director, AICL and Chief Host of the anniversary celebration, Ambassador Maureen Tamuno stated this while addressing stakeholders at the symposium themed “From Foundation to Landmark: Building Communities and Enriching Lives.
Ambassador Tamuno,described APDC’s journey as an integral part of AICL’s story, noting that the company had originated as the property division of the then Abuja Investments and Property Development Company before operating as a wholly owned subsidiary of AICL for the past two decades.
She emphasised that Real Estate development must go beyond the construction of buildings to address the fundamental needs of people,noting that home ownership represents security, dignity and a significant lifetime investment for many families.
The GMD stressed that APDC’s next chapter must prioritise expanding housing opportunities under President Bola Ahmed Tinubu’s Renewed Hope Agenda.
She also highlighted the impact of ongoing infrastructure development across the FCT under the leadership of the Minister, Barrister Ezenwo Nyesom Wike, CON, noting that improved road networks and connectivity were opening up new districts and creating opportunities for investment.
In his welcome address, the Acting Managing Director of APDC, Akeem Kolawole Aderogba reflected on the company’s journey, acknowledging the contributions of former Managing Directors and also highlighting APDC’s contributions to community development and employment generation through its projects in Kaba, Karsana, Idogwari, Chikun, Usuma, Mpape and Mamusa, while appreciating the dedication of staff, partners and other stakeholders.
He highlighted that the anniversary marked both a celebration of APDC’s achievements and a renewed commitment to building a financially resilient institution capable of delivering affordable, sustainable and inclusive housing solutions across the Federal Capital Territory and beyond.
In his keynote address, Mr Olufemi Adewole, Chairman Cooperative Mortgage Bank Limited, challenged APDC to move beyond conventional property development towards a more inclusive housing model that responds to the needs of low- and middle-income earners. He called for innovative construction methods, affordable rental housing, blended financing and stronger public-private partnerships to expand housing access and mobilise investment.
In their separate goodwill messages, former Managing Director of APDC, Arc. Bashir Salisu Haiba; Bashir Jimoh, Managing Director of Bashmoh Homes; and Rev. Ugochukwu Chime, Chairman of the Board of Trustees of the Association of Housing Corporations of Nigeria amongst others, commended APDC for the successful attainment of the milestone.
They lauded the organisation’s commitment to excellence, professionalism and the sustainable development of the housing sector, expressing optimism that the achievement would inspire greater accomplishments in the years ahead.
