The Borno State Government has signed a Public-Private Partnership (PPP) agreement with Thinklab Group Limited to complete and develop abandoned housing projects in Maiduguri, addressing the city’s housing deficit.
The agreement was signed on Monday, according to a statement from the Directorate of Information, Ministry of Information and Internal Security, Borno State. The partnership covers the completion of 404 housing units in Bakassi GRA along Biu Road and 190 units in Dr. Shettima Ali Monguno Teacher’s Village along Pompomari Bypass.
The signing ceremony was presided over by Engr. Mustapha Gubio, Commissioner for Works and Housing, with key government officials in attendance, including Permanent Secretary Engr. Ali Baware, Special Adviser Engr. Kori Shettima, and Housing Corporation representatives. Dr. Sa’id Alkali Kori, Chairman of Thinklab Group Limited, represented the private firm.
Under the terms of the agreement, Thinklab Group Limited will finance the project, while the Borno State Government contributes the uncompleted housing units. The revenue-sharing structure is set at 60% for Thinklab Group Limited and 40% for the state government.
Speaking at the event, Commissioner Gubio emphasized the government’s commitment to private-sector collaborations, urging Thinklab Group Limited to ensure high-quality project execution.
In his remarks, Dr. Kori commended the Borno State Government for fostering a business-friendly environment. He assured stakeholders of the company’s commitment to quality construction and job creation for local communities.
The initiative is expected to boost access to affordable housing and support the state’s broader urban development goals.
