Minister for Housing and Urban Development, arc. Ahmed Dangiwa, has harped on the need for sustained and strategic partnerships with stakeholders in the housing industry to realize the transformation of the sector.
The Minister made this known during his remarks while receiving a consortium of very highly reputable developers led by Continental Civil and General Construction Company Limited and Ceezali Limited. The visitation also culminated in the signing of a Memorandum of Understanding for the delivery of 100,000 housing units across Nigeria.
He said, “The housing units are to be delivered under a Strategic Public Private Partnership (PPP) as part of our Renewed Hope Cities and Estates Program. Under the terms of this partnership the Consortium will provide construction finance and build the housing units to completion based on agreed housing designs and prices. The Federal Ministry of Housing and Urban Development will facilitate provision of affordable mortgage loans to offtakers through the Federal Mortgage Bank of Nigeria (FMBN), and also facilitate the approval and the grant of legal titles of select lands for the projects across the country as part of its efforts to create an enabling environment in order to massively upscale private sector investment in the housing sector”.
The minister said that the target beneficiaries are Nigerians in both the public and private sectors of the economy. Dangiwa also stated that the 100,000 Renewed Hope Housing Project will be implemented in two phases. Phase One will deliver 20,000 in the Federal Capital Territory (FCT) while Phase Two will deliver 80,000 houses in select locations across the six geopolitical zones of the country. Highlighting the impact of the project on the creation of employment, the minister explained that At 25 jobs per unit, the PPP arrangement was to create 2,500,000 direct and indirect jobs helping to achieve His Excellency, President Bola Ahmed Tinubu’s target to lift 100million Nigerians out of poverty.
