FG to build houses for Nigerians, lists condition to benefit

• The national authorities announced plans to conception 77,400 lodging units to payment low-income individuals
• The task volition beryllium implemented nether the Renewed Hope Social Housing Program, which is acceptable to debut soon
• It aims to grow entree to affordable homes by tackling the country's lodging deficit

Legit.ng writer Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market

Plans to physique 77,400 homes person been announced by the federal government, with 80% acceptable speech for low-income individuals who volition marque payments implicit clip utilizing a 3rd of their monthly salary.

Underprivileged groups volition person 20% of the units for free. Full details successful comments.
Source: Getty Images

Furthermore, 20% of the units volition beryllium fixed to underprivileged groups astatine nary cost.

The task volition beryllium carried retired nether the soon-to-be-launched Renewed Hope Social Housing Programme and aims arsenic supplying 100 lodging units successful each of the nation's 774 section authorities districts.

By addressing the nation's lodging shortage, this programme seeks to summation entree to reasonably priced housing.

More astir the project

The Renewed Hope Infrastructure Development Fund (RHIDF), which supports large-scale lodging projects, volition beryllium utilized to money the initiative.

To supply residents with a well-rounded environment, each lodging property volition beryllium furnished with indispensable assemblage facilities specified arsenic schools, clinics, parks, constabulary stations, and commercialized centers.

The societal lodging programme is simply a constituent of a larger nationalist lodging strategy that besides includes the instauration of Renewed Hope Cities and Renewed Hope Housing Estates to supply long-term, affordable lodging options crossed the nation.

The authorities plans to merchantability 80% of the lodging units astatine tenable prices and acceptable speech the remaining 20% for the astir susceptible residents to beforehand an inclusive lodging strategy that is disposable to each Nigerians.

Housing curate reacts

Ahmed Musa Dangiwa, Minister of Housing and Urban Development said portion hosting a radical from Creative Sphere Limited astatine the Ministry's Mabushi offices.

“The Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa has revealed that the much-talked-about Renewed Hope Social Housing Programme volition soon beryllium launched by President Bola Ahmed Tinubu arsenic portion of initiatives to code the lodging needs of Nigerians, careless of people oregon income level,” the connection work successful part.“Arc. Dangiwa explained that the Renewed Hope Social Housing Programme is designed to supply homes for low-income earners, the unemployed, susceptible groups, and Internally Displaced Persons (IDPs), covering some the ceremonial and informal sectors.

The Renewed Hope Social Housing Programme is designed to supply homes for low-income earners. Photo Credit: Andreswd
Source: Getty Images

“Regarding the allocation of the houses, the Minister explained that 80% of the houses volition beryllium sold to Nigerians surviving successful the section authorities areas who gain a surviving wage, adding that funny individuals volition beryllium required to lend one-third of their monthly income. The remaining 20% of the lodging units volition beryllium allocated escaped of complaint to citizens with debased oregon nary income, specified arsenic widows, orphans, and others identified arsenic susceptible successful society.”

Dangiwa besides noted that the houses are expected to beryllium completed wrong a twelvemonth from the programme’s launch.

FG yet moves to little gathering worldly costs

Legit.ng reported that Ahmed Dangiwa, curate of lodging and municipality improvement has said the authorities is making a concerted effort to create centres for the accumulation of gathering materials.

Dangiwa clarified that the Federal Government's program to acceptable up manufacturing centers for operation materials successful six geographical zones was intended to little gathering worldly costs and greatly summation location affordability successful Nigeria.

The Punch reported. During a caller ministry-organized gathering with lodging industry stakeholders astatine the Radisson Blu Hotel successful Ikeja, Lagos, with the taxable "Development of Fiscal Incentives for Manufacturers of Local Building Materials Components successful Nigeria," the curate made this claim.

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Source: Legit.ng