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Institute earmarks N640bn for 20,000 housing units

As NBRRI moves to boost home-ownership

The Institute of Empowerment and Strategy (IES) has unveiled plans to commence the construction of 20,000 housing units across the country.

Director-General of IES, Dr Boniface Afifia-Oru, said in a statement in Abuja, that the project which is estimated to cost $4 billion (about N640 billion) would help to bridge the huge housing deficit in the country.

Afifia-Oru said the agency had secured financial partnerships with reputable international organisations that were ready to invest heavily in Nigeria’s critical sectors, including the housing sub-sector. “We will soon commence the building of 20,000 units of affordable mortgage housing estates across the nation. With the support of our international partners, the Institute of Empowerment and Strategy shall key into the implementation of the National Economic Empowerment and Development Strategy,” he said.

In a related development, the Nigerian Building and Road Research Institute (NBRRI) is collaborating with stakeholders to bring down the price of building materials in a bid to facilitate easy home-ownership for Nigerians.

Coordinator in North Central Zone, NBRRI, Mr Tyosor Terver, said the move is aimed at easing the housing problem facing many Nigerians, especially the urban dwellers. “Nigeria has a housing deficit of 17 million and therefore requires the engagement of more stakeholders to make housing affordable to the public,” he said.

Terver added that NBRRI’s mandate was to conduct integrated researches toward alternative and affordable building technologies.


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