Bauchi State is having 2,500 housing units worth about N15 billion to be financed by the Federal Ministry of Finance in a move to make houses affordable to the people.
Speaking shortly after signing a Memorandum of Understanding (MoU) with the Friends Home Fund, the company handling the project, Bauchi State Governor, Senator Bala Abdulkadir Muhammed said that the resolve of his administration to key into the project is part of the efforts to address the housing deficit in the state.
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According to him, the project would also provide qualitative and affordable accommodation to people of the state and would be executed across the six Emirate Councils of the state noting that, the project has undergone the necessary procurement procedures to ensure that it was done in line with international best practice.
Bala Mohammed said that the housing units would be constructed with a modern school, hospital, mosque and church as well as other basic facilities.
The Managing Director of Family Homes Fund, the company handling the project, Mr Femi Adewole explained that the housing units is a subsidiary of the Federal Government, under the Federal Ministry of Finance aimed at providing affordable housing across the country.
Femi Adewole who said that the company would engage experts for the execution of the project assured that it will be completed within one year.