The company was incorporated in September, 1976 as a joint venture between NNDC, C. H. Beezer (Investment) Limited and V. P. (Nigeria) Limited. NNDC has 60% equity in the company. The main objective of the company at inception was provision of residential houses in the Northern States for sale to general public.
However, the present shareholders resolved to reposition the company into a full-fledged integrated consultancy company providing services in the areas of architecture, project development and management.
New Nigeria Development Company (NNDC) is a conglomerate owned by the 19 Northern States of Nigeria. It has interests in Agriculture, Textile, Solid Minerals, Oil & Gas, Capital Markets, Hospitality, Mining, Telecommunications among other business fields.