Foreshore Waters Ltd receive N2.4 Bn from Bank of Industry for expansion

As the capital investment continues to rise throughout the world, Foreshore Waters Limited, FWL, has reportedly received N2.4 billion loan from the Bank of Industry, BOI, in order to support the firm in its growth and development plan. The news of the bank loan has been made official by the Director of the firm, Christiana Amida.

Amida claimed that the facility will be used to enhance the company’s functioning productivity and accelerate the delivery of few of its current projects. The loan is expected to be repaid in tenure of 4 years with a moratorium of 6 months.

She further continued that FWL is thrilled to partner with the BOI and with the loan provision, the firm will aim to get access and infusion of top-notch innovative technology solutions which will play a massive role in the growth projects of the firm.

Reportedly, Amida confirmed that the partnership marks the onset of a mutually beneficial long-term journey with the BOI and the commitment of FWL for the development of the Nigerian real estate sector and the entire economy.

As per credible sources, Foreshore Waters has been stated as the fastest expanding and developing luxury real estate firm in the Nigerian region. The firm delivers advanced real estate solutions with various projects which redefine the concept of upscale modern living.

Amida has described the firm as a savvy investor’s preference which provides a perfect mixture of elegance, luxury, style along with state-of-the-art architectural designs, scenic surroundings, extraordinary estate, unbeatable return on investment.

According to industry analysts, Foreshore Waters has achieved some exemplary set of achievements and made prestigious developments which include construction of tallest building on the Banana Island Road, affordable and exclusive infrastructural advancements in Banana Island, Banana Island Paradise and others.

Source Credit:- https://nairametrics.com/2021/12/27/bank-of-industry-grants-n2-4-billion-facility-to-foreshore-waters-limited-fwl/