In a significant move aimed at expanding access to decent, quality, and affordable housing for all Nigerians, President Bola Tinubu has given his approval for the construction of 34,500 homes nationwide.
This pivotal announcement was made by the Minister for Housing and Urban Development, Ahmed Dangiwa, during a courtesy visit to the ministry headquarters in Abuja by Taraba State Governor Agbu Kefas.
This expansive housing project, known as the “Renewed Hope Cities,” will encompass a variety of housing options, including one to three-bedroom bungalows and multi-level flats, addressing the housing needs of low and medium-income earners. To realize this vision, a combination of public-private partnerships, the Federal Mortgage Bank of Nigeria, and the Federal Housing Authority will be employed.
Dangiwa emphasized that this initiative is not only about providing housing but also about creating employment opportunities, aligning with President Tinubu’s objective of lifting 100 million Nigerians out of poverty. The “Renewed Hope Cities” project will contribute to the creation of over 240,000 jobs and is expected to span 1,800 hectares of land nationwide.
“In our plan to deliver the Renewed Hope Agenda for Housing, one major area where we seek your support and collaboration is the provision of land. Under the first phase of our Renewed Hope Cities Project, we plan to build about 34,500 houses nationwide using a blend of FMBN, FHA, and Public-Private Partnerships,” stated Dangiwa.
This ambitious housing initiative is poised to make a significant impact in addressing housing challenges and fostering economic growth in Nigeria.