About N119bn has been earmarked for expenditure in the provision of housing for the Nigerian in the 2023 supplementary budget and 2024 Appropriation Act.
Minister of Housing and Urban Development, Architect Ahmed Musa Dangiwa, said this at the flag off of the construction of 3,112 pilot housing projects under the Renewed Hope Cities, Estates, Urban and Slum Upgrading programme in the 2023 supplementary budget as the 2024 appropriation Act for the housing sector.
President Bola Ahmed Tinubu’s singular fiscal year approval of N100bn in the 2023 supplementary budget a historic figure in the housing sector in the last one decade.
Record available to Tribune Online on annual budgetary allocation showed a cumulative budgetary allocation of N143.7bn between 2018 – 2021.
100,000 housing unit are expected to be delivered nationwide under the public-private partnership between the Ministry of Housing and Urban Development and a consortium of companies.
President Tinubu who made his first public appearance after his return from a two-week private visit to France, described housing as a fundamental right and the responsibility of the government to its citizens and commended the Housing Ministry for its efforts toward achieving the Renewed Hope mandate for housing and urban development.
The President in his keynote address said: “I listened to the Minister say they are committed to transforming Nigeria into a giant construction site of Housing units. He has shown that he is an exemplary champion who understands how to use housing as a catalyst for economic resurgence and national development. We must all be positive about our country and work together so that we can win together,” he said.
Tinubu commended the ministry for taking the initiative to involve the private sector through PPP arrangements, underscoring the immense role the private sector can play in helping to achieve the future that Nigerians can be proud of.
Speaking earlier, Dangiwa also disclosed that his ministry also has plans to construct 50,000 housing units of various house types in the first phase using various funding sources, including budgetary allocations, the Federal Mortgage Bank of Nigeria, and Public-Private Partnerships, among others.
Dangiwa assured the president and Nigerians of the commitment of the ministry to drive the Renewed Hope Vision for Housing and Urban Development and make it a reality through the provision of decent, affordable, and quality homes with infrastructure that support dignified living for Nigerians, in the Federal Capital Territory, State Capitals, and across the country.
He said: “That is why we have planned and commenced the actualization of this vision under the Renewed Hope Cities and Estates Development Programme, which your Excellency is officially launching today. Under phase One, we plan to deliver a total of 50,000 housing units across Nigeria. The Cities will have 1,000 housing units per site in one location in each of the six geo-political zones in the country and FCT, while the Estates will have 500 housing units per site in the remaining thirty (30) states.”
The minister also explained that the projects have been conceptualised and designed as integrated living communities that will accommodate citizens from all income brackets, with units comprising one-bedroom blocks of flats, two-bedroom blocks of flats, and three-bedroom blocks of flats; two-, three- and four-bedroom terraces, four-bedroom duplexes, and five-bedroom duplexes.
“We are also on the verge of breaking ground for 2,500 Renewed Hope City housing units at the Ibeju-Lekki Coastal City, Lagos, the development of a 500-housing unit Renewed Hope Estate in Kano and 250 housing units in twelve (12) states (2 per geopolitical zone) as Renewed Hope Estates. These amount to 6,000 housing units under the 2023 Supplementary Budget,” he said.
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