FG signs MOU with ShafDB to build 5000 houses

The Federal Government has signed a memorandum of understanding with Shelter Afrique Development (ShafDB) for the construction of 5000 housing units.

Signing the pact during a press conference in Abuja, Minister of Housing and Urban Development, Ahmed Dangiwa said the bank will offer advisory services and financing of competent developers.

Dangiwa also stated, “This will be the first time that the Ministry is entering into such a practical and direct partnership with a multi-lateral institution for the construction of homes for Nigerians.

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“When we assumed office, we developed an Action Plan in line with the Presidential Priorities and Deliverables of Mr. President.

“This was necessary to guide us in the implementation of reforms and initiatives that will increase access to affordable housing for Nigerians, unlock the potential of the housing sector to contribute to economic growth, and improve our urban landscape.

“We will study their recommendations and take necessary actions towards implementing them as we begin our 2nd year in office.”

Responding, the Managing Director of the Bank, Mr. Thierno Habib Hann, appreciated the kind gesture of working with the Nigerian government to support the housing drive.