The Federal Government has signed a Memorandum of Understanding (MOU) with Shelter Afrique Development (ShafDB) for the construction of 5,000 housing units under the Renewed Hope programme.
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Signing the pact during the Ministerial Press Conference in Abuja, Minister of Housing and Urban Development, Ahmed Dangiwa, stated that the bank will offer advisory services and finance competent developers.

Dangiwa said: “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.”

“When we assumed office, we developed an action plan in line with the presidential priorities and deliverables. This was necessary to guide 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 urban landscape.”

Responding, the bank’s Managing Director, MrThierno Habib Hann, appreciated the gesture of working with the Nigerian government in the provision of housing.

Earlier, the Permanent Secretary, Dr Marcus Ogunbiyi, commended the media for their consistency and commitment to the ministry’s activities, promising to work with them as partners in progress.