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20 states identify with FG to house 300,000 Nigerians

By Kehinde Olatunji
14 December 2020   |   3:04 am
As the Economic Sustainability Plan (ESP) proceeds with the implementation of a number of its sector-specific schemes, the social housing element, which would build some 300, 000 affordable houses for Nigerians

CBN provides N200 billion as startup capital

As the Economic Sustainability Plan (ESP) proceeds with the implementation of a number of its sector-specific schemes, the social housing element, which would build some 300, 000 affordable houses for Nigerians, is taking off this week.

Already, 20 state governments have identified with the housing plan.

The portal to invite Nigerians interested either as beneficiaries or delivery partners, Nshp.gov.ng, is to be launched this week by the Family Homes Fund, the Federal Government agency, that manages the scheme.

Addressing the media on the latest developments relating to the project at the weekend, the Senior Special Assistant on Media and Publicity to the President (Office of the Vice President), Laolu Akande, listed the Federal Capital Territory (FCT) among those that have keyed in and even provided free land for the initiative.

Others that have supported the social scheme, which would offer houses for as low as between N1.8 million and N2 million to the citizens include Osun, Ogun, Enugu, Delta, Bauchi, Kebbi, Nasarawa, and Plateau where the first set of construction works is beginning.

As for Abia, Anambra, Ebonyi, Imo, Cross River, Sokoto, Kaduna, Zamfara, Katsina, Borno, and Yobe, they are on the verge of joining the programme.

He said: “Under the ESP Social Housing Plan, 300,000 low-cost houses would by itself create 1.8 million jobs in the housing sector and beyond, while as indicated under the ESP approved by the President and the Federal Executive Council, the Central Bank of Nigeria (CBN) has now committed N200 billion facility for the Social Housing Plan.”

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