On Thursday, President Bola Tinubu will inaugurate the commencement of a groundbreaking housing project comprising 3,112 units in the Karsana District, Phase 3 of the Federal Capital Territory, Abuja.
This significant event marks the official launch of the Ministry of Housing and Urban Development’s ambitious Renewed Hope Cities and Estates Programme.
A statement released via the ministry’s official channels heralded the forthcoming event, highlighting President Tinubu’s pivotal role in initiating the nationwide Renewed Hope Cities and Estates Programme.
The ceremony is slated to take place on February 8th, 2024, and symbolizes a crucial step towards addressing the housing deficit in Nigeria.
The Federal Ministry of Housing and Urban Development had previously unveiled the Renewed Hope Cities and Estates Programme, aimed at delivering 1,000 housing units in each of the 36 states, alongside 4,000 units in the Federal Capital Territory (FCT). This ambitious initiative underscores the government’s commitment to bridging the housing gap and improving living conditions nationwide.
The impending commencement of the 3,112-unit housing project in Abuja signifies the beginning of a series of groundbreaking ceremonies planned for various sites across the country as part of the Renewed Hope Cities and Estates Programme.
This strategic rollout underscores the government’s proactive approach to tackling the housing challenge on a national scale.
The Federal Ministry of Housing and Urban Development has outlined an ambitious plan to provide 5.5 million housing units nationwide over the next decade, underscoring the government’s commitment to addressing the housing deficit.
The Renewed Hope Cities and Estates Programme, a flagship initiative, aims to bridge the housing gap by delivering 1,000 units in each state and 4,000 units in the FCT.
Implementation of the programme will involve collaboration between various stakeholders, including the Federal Mortgage Bank, Federal Housing Authority, and Public-Private Partnership (PPP) entities.
Minister of Housing and Urban Development, Arc. Musa Dangiwa, has spearheaded efforts to secure land allocations from state governments, urging the provision of a minimum of 50 hectares of land near state capitals to facilitate housing development.
President Tinubu’s involvement in launching the 3,112-unit housing project underscores the government’s commitment to providing affordable housing and improving the quality of life for Nigerians across the country.
