President Bola Tinubu on Thursday performed the ground-breaking of the 3,112 housing units in ‘Renewed Hope City’ in Karsana, Abuja, with a projection that the project will create 50,000 direct and indirect jobs for Nigerians.
The Nigerian leader said the essence of this project is to redefine residential living for Nigerians, which will increase ‘the sense of togetherness’ that will transcend into high productivity among citizens.
With the rising housing deficit in the country, Tinubu said he is resolved to face this challenge with the boldness and urgency that it requires.
Persecondnews reports that the project is part of 20,000 housing units to be delivered in the Federal Capital Territory under a public-private partnership arrangement being implemented by the Federal Ministry of Housing and Urban Development.
It represents the first practical expression of the administration’s desire to implement a new city development plan under the Renewed Hope Agenda of Tinubu.
Tinubu said the project will include well-connected access and internal roads, the provision of reliable and uninterrupted electricity, healthcare facilities to offer accessible and quality medical services, and educational institutions to provide learning environments that nurture knowledge and skills.
“Our goal is to increase the sense of togetherness, improve the health and productivity of our citizens, and reduce pressure on city centers. On this note, I am today directing the Minister of the Federal Capital Territory and the Minister of Works to provide access roads to all Renewed Hope Cities and Estates Projects to increase accessibility and livability, starting with this site in Karsana.
“This is because my administration believes that every Nigerian deserves to have access to shelter that is affordable and adequate.”
President Tinubu, making his first public appearance after returning from a private trip to Paris, disclosed that the housing unit project will create 500,000 jobs.
“We aim to promote public-private partnership (PPP) collaborations that attract domestic, foreign, and diaspora investments.
“We also aim to design and implement incentive schemes to boost our capital market while enhancing the governance and risk management frameworks to ensure their stability, transparency, and integrity.
“We are resolved to face the housing challenge with the clarity of purpose and determination that are required to break all the barriers that stand in our way of success.
“That is why I took the historic decision of separating the Federal Ministry of Housing and Urban Development from Works so it can be fully aligned towards tackling the nation’s massive housing problem.
“That is also why I have appointed experienced professionals with proven track records of delivering in the housing sector to lead the ministry,” Persecondnews quotes Tinubu as saying.