By Sarah NEGEDU
Members of the newly inaugurated board of the Abuja Property Development Company, APDC, have expressed commitment to drive profit for the FCT Administration, while meeting the objectives for which it was established.
Chairman of the board, Alh Idris Malagi, said the company will deploy innovative approaches to drive revenue.
The chairman, who spoke with journalists shortly after his inauguration, hinted that some of the projects the company will be focusing on, include kickstarting the Centinary City project, construction of district hospitals, new hotel and conference facilities, among several other projects.
Already, he said FCT minister has given the initial approval for these projects, some of which he said are currently undergoing regulatory processes.
“As soon as those ones are done, we are already identifying those to help us in achieving those projects. We’ll be meeting with them and very soon we’ll make our roadmap known to the public.”
Malagi, who is returning for a second term as chairman of the APDC Board, added that the company has successfully settled most of its financial burden in his first tenure, and so will focus on stabilising and growing the company going forward.
“The primary thing is we need to stabilize and grow the company first. I want to take you back when we came here. The company was really in a very bad shape. Owing so many contractors and other people. But I am glad to say that all that is passed.
“During the first tenure, we were able to bring back the company to its profitability. Now we can say that APDC is not owing anybody, as it is standing on its feet and it is growing. As you can see, we are standing in the conference facility of the newly built headquarter. When we came in, it was just carcass. But now it completely built as you can see very beautifully designed. So in terms of revenue, so much will come but for now its to grow on what we have met on ground.”