President Bola Tinubu has approved N126.5 billion for the delivery of a total of 100,000 houses nationwide in 18 months.
This was disclosed by the Minister of Housing and Urban Development, Arc. Ahmed Dangiwa, during the groundbreaking ceremony for 3,112 housing units as well as the launch of the Renewed Hope Cities and Estates, in Karsana, an area in the Federal Capital Territory (FCT) on Thursday.
Dangiwa, who revealed that the funding for the projects will come from a mix of sponsors comprising the Federal Ministry of Housing and Urban Development’s budgetary allocation, the Federal Mortgage Bank of Nigeria (FMBN), and Public Private Partnerships with reputable developers, also said that in the first quarter of this year, the federal government would undertake a groundbreaking of a total of 6,000 housing units.