FirstBank boosts real estate finance, commissions Rainbow Estate

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The President-Elect, Muhammadu Buhari will on Wednesday commission the first phase of the Rainbow Town upscale mixed use estate in Port Harcourt, Rivers State.
The very ambitious project, valued at N82 billion was financed by First Bank of Nigeria Limited.
FirstBank’s support for the project, according to a statement, is in sync with the Bank’s quest to bridge the gap in the nation’s housing deficit.
Executed as a Public Private Partnership (PPP) project by the Rivers State Government and FirstBank, the project is an exciting example of how the PPP model has been deployed to provide much needed infrastructure whilst …Read More

Source:: New Mail