Breaking News

FG restates plans for one million houses annually

Kindly Share This Story:


The Federal Government has reiterated its commitment to providing one million houses for Nigerians across the country on a yearly basis.

Minister of Land, Housing and Urban Development, Ms Ama Pepple, reaffirmed the government’s plan recently, Yola, Adamawa State, at the launching of 400 housing units built by the state government through a N1.3 billion facility obtained from the Federal Mortgage Bank of Nigeria (FMBN), with an additional N2 billion set to be released for other housing projects in the state.

The minister, who was represented by Permanent Secretary in the Housing Ministry, Alh. Ibrahim Mahe, commended the Adamawa State government for embarking on the project, which she noted was in line with the National Housing Policy. “This is in line with the goal of National Housing Policy to aggressively tackle the huge national housing deficit by delivering one million housing units per annum,” she declared.

Pepple expatiated on how government intends to achieve the goal of delivering the one million housing units every year. According to her, the houses would be delivered through various approaches, such as partnership between public and private sectors as well as collaboration among agencies of government at various levels.

She added that state governments have been recognised as significant partners in housing delivery and as such urged them to help facilitate the realisation of the vision by expediting action on the provision of land and necessary infrastructure for developers.

Managing Director, FMBN, Mr Gimba Ya’u Kumo, in his remarks at the occasion, said apart from the 400 housing units, the bank was also financing two other housing projects, comprising 95 units and 240 units, in the state capital. He noted that Adamawa State is an active contributor to the National Housing Fund (NHF), and gave an assurance that FMBN is set to provide an additional N2 billion loan to the state government for construction of more houses.

Also speaking at the event, Chairman of Adasolid Properties Limited, the developers, Mallam Lawal Abubakar, said the project comprised of 120 three-bedroom bungalows, 244 two-bedroom bungalows and 12 semi-detached one bedrooms.

In his speech while inaugurating the estate, Governor Murtala Nyako, renewed his administration’s commitment to execute people-oriented projects and called for support and cooperation from the people to achieve his transformation agenda.

Kindly Share This Story:
All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from VANGUARD NEWS.


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.
Do NOT follow this link or you will be banned from the site!