The Minister of Housing and Urban Development, Ahmed Dangiwa, has disclosed that the Renewed Hope Social Housing Programme will soon be launched in 774 local government areas by President Bola Tinubu as part of initiatives to address the housing needs of Nigerians, regardless of class or income level.

The minister made this known while receiving a delegation from Creative Sphere Limited at the ministry’s headquarters in Mabushi recently.

Dangiwa explained that the Renewed Hope Social Housing Programme was designed to provide homes for low-income earners, the unemployed, vulnerable groups, and internally displaced persons, covering both the formal and informal sectors.

He said, “The Federal Government plans to construct 100 housing units in each of the 774 local government areas across the country, amounting to a total of 77,400 units. The construction is expected to be completed within one year from the date of launch.

“The visionary programme reflects President Tinubu’s commitment to ensuring that every Nigerian has access to decent housing, saying it underscores his passion for a better Nigeria, where even the most vulnerable can own a liveable home. In addition, the programme will be funded through the Renewed Hope Infrastructure Development Fund.”

On the structure of the housing estates, he stated that each estate will be equipped with auxiliary facilities such as recreational areas, a primary school, a police outpost, a clinic, and a shopping mall.

Regarding the allocation of the houses, the minister explained that 80 per cent of the houses will be sold to Nigerians living in the local government areas who earn a living wage, adding that interested individuals will be required to contribute one-third of their monthly income.

“Anyone earning as low as N30,000 per month will be able to purchase a house, as they will only need to pay N10,000 monthly, which is one-third of their earnings. Similarly, someone earning N90,000 will pay N30,000.

“The remaining 20 per cent of the housing units will be allocated free of charge to citizens with low or no income, such as widows, orphans, and others identified as vulnerable in society.

The Renewed Hope Social Housing Programme is the third component of the broader Renewed Hope Housing initiative, which includes the Renewed Hope Housing Estates and Renewed Hope Cities, making three components.

“The Renewed Hope Cities are being developed in seven locations: the Federal Capital Territory and one city in each of the six geopolitical zones—Rivers (South-South), Lagos (South-West), Enugu (South-East), Nasarawa (North-Central), Kano (North-West), and Maiduguri (North-East). These projects are under a Public-Private Partnership arrangement.”

He further disclosed that under the Renewed Hope Estates initiative, the Federal Government plans to build 250 housing units in each of the 30 state capitals across Nigeria.

“We are constructing 250 units, taking two capital cities from each geopolitical zone, making a total of twelve. These are funded through the federal budget, and this year, we intend to expand further,” he said.

In response to a partnership proposal for the upcoming Real Estate Innovation and Investment Carnival by Creative Sphere Limited, the minister lauded the initiative.

He noted that the carnival, roadshow, and award night are excellent avenues to promote the housing sector and enhance the visibility of the ministry’s programmes.

Earlier in the meeting, the Chairman of Creative Sphere Limited, Monday Ogedengbe, told the Minister that their visit was to seek collaboration with the Ministry for the upcoming event scheduled for later this year.

Ogedengbe noted that Creative Sphere aims to highlight the role of real estate in national economic growth by bringing a carnival-style awareness campaign to the sector, both nationally and internationally.

Credit: punchng.com

FG set to construct 100 housing units each in 774 LGAs

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