Tinubu Plans 2,000 Houses In 12 States By Dec

President Bola Tinubu, on Thursday, directed the Ministry of Housing and Urban Development to begin groundwork on the construction of at least 2,400 housing units across the country’s six geopolitical zones before December.

According to a release on Thursday from the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, Tinubu gave the directive when he performed the groundbreaking of the 3,112 housing units Renewed Hope City in Karsana, Abuja.

Nigeria currently has over 28 million housing deficits, according to the Federal Mortgage Bank of Nigeria, World Bank.

He reiterated his administration’s resolve to provide decent and affordable housing for Nigerians.

“I am happy to hear that the Federal Ministry of Housing and Urban Development has already awarded contracts for the construction of 2,000 housing units in 12 states (two per geo-political zone) as Renewed Hope Estates.

“In this regard, the minister is to proceed with the groundbreaking ceremonies in the 12 locations and the estates must be completed before the end of 2024,” Tinubu declared.

The project is a part of 20,000 housing units to be delivered in the Federal Capital Territory under a Public Private Partnership Arrangement being implemented by the Federal Ministry of Housing and Urban Development and it represents FG’s first move to implement a New City Development Plan under the Renewed Hope Agenda.

Tinubu said he was committed to providing the Federal Ministry of Housing and Urban Development with the political will required to ensure that his administration makes a historic difference in the country’s housing and urban development landscape.

He affirmed that his government had “resolved to face the housing challenge with the clarity of purpose and determination that is required to break all the barriers that stand in our way of success”.

“That is why I took the historic decision of separating the Federal Ministry of Housing and Urban Development from Works so it can be fully aligned towards tackling the nation’s massive housing problem.

“That is also why I have appointed experienced professionals with proven track records of delivering in the housing sector to lead the Ministry,” the President noted.

Tinubu declared that under the plan he envisaged integrated living communities that would redefine the essence of residential living for Nigerians nationwide.

He also emphasised that his vision was to build dynamic, integrated, and self-sustaining communities equipped with amenities to enhance the quality of living for residents.
“This includes well-connected access and internal roads, provision of reliable and uninterrupted electricity, healthcare facilities to offer accessible and quality medical services and educational institutions to provide learning environments that nurture knowledge and skills.

“Our goal is to increase the sense of togetherness, improve the health and productivity of our citizens and reduce pressure on city centres.

“On this note, I am today directing the Minister of the Federal Capital Territory and the Minister of Works to provide access roads to all Renewed Hope Cities and Estates Projects to increase accessibility and livability, starting with this site in Karsana.”

According to the President, his administration believes that every Nigerian deserves to have access to shelter that is affordable and adequate.

Beyond the moral imperative of providing decent and affordable housing for citizens, Tinubu announced that his government recognised the immense potential of housing as a catalyst for inclusive economic growth.

He noted, “At 25 direct and indirect jobs per house, the 20,000 housing units planned for the Federal Capital Territory alone will create 500,000 jobs.”

The President also vowed to promote public-private partnerships that attract domestic, foreign, and diaspora investments.

He revealed ongoing plans to design and implement incentive schemes to boost Nigeria’s capital market while enhancing the governance and risk management frameworks to ensure stability, transparency and integrity.

“I am also delighted to hear that the Renewed Hope Cities are being developed in three locations: Kano 1,500 housing units; Lagos 2,500 housing units and Abuja 3,112 under a variety of funding arrangements.

“The ministry’s plan to kick start a National Urban and Slum Upgrading Programme covering 26 sites nationwide is also commendable,” he said.

President Tinubu said he would perform the groundbreaking of a similar project to deliver 2,500 housing units at the Ibeju–Lekki coastal city, Lagos, in a few weeks.

“This project will also provide a practical demonstration of cross-subsidisation where out of the 1,500 housing units to be funded by FMBN, 400 will be sold at concessionary rates to low and medium-income Nigerians who are members of the Nigeria Labour Congress and the Trade Union Congress,” he explained.