Ahmed Musa Dangiwa
Highlight

Renewed Hope City: FG begins construction of 1,250 housing units in four northern states

"The 1,250 units that we are breaking ground for in Katsina, Kano, Yobe, and Gombe are only a start. After this, we shall be proceeding to other parts of the country"

540

The Federal Government will begin construction of 1,250 housing units in four northern states this week as part of the first phase of the Renewed Hope Cities and Estates Project.

A statement on the Ministry of Housing and Urban Development’s website indicates that the Minister of Housing, Ahmed Dangiwa, will conduct groundbreaking ceremonies for these units in Kano, Katsina, Yobe, and Gombe from May 22 to May 25, 2024.

This follows the successful completion of the contracting process and the mobilization of reputable developers to start work on these sites, the statement noted.

“We are committed to our promise to His Excellency, President Bola Ahmed Tinubu, GCFR, to turn the country into a huge construction site and unlock the potential of the housing sector to create jobs, catalyze economic growth, and contribute to the $1 trillion economy while boosting national development.

“The 1,250 units that we are breaking ground for in Katsina, Kano, Yobe, and Gombe are only a start. After this, we shall be proceeding to other parts of the country,” Dangiwa, an architect, said.

Dangiwa emphasized that the Ministry of Housing and Urban Development’s N50 billion 2023 supplementary budget is funding the housing units.

This budget covers 1,250 housing units as part of the contracts for 3,500 units awarded since December 2023 in thirteen states.

This includes 500 units in Kano and 250 units each in the following twelve states: Katsina, Sokoto, Yobe, Gombe, Nasarawa, Benue, Osun, Oyo, Abia, Ebonyi, Delta, and Akwa Ibom.

“The Renewed Hope City in Kano comprises 100 units of 1-bedroom (semi-detached bungalows), 300 units of 2-bedrooms (semi-detached bungalows), and 100 units of 3-bedrooms (semi-detached bungalows).

He said: “The Renewed Hope Estates in Katsina, Yobe, and Gombe each comprise 50 units of 1-bedroom (semi-detached bungalows), 100 units of 2-bedrooms (semi-detached bungalows), and 50 units of 3-bedrooms (semi-detached bungalows).

“To enhance affordability and ease of offtake, we used organic designs where one bedroom can be expanded to two bedrooms and three bedrooms as the income of beneficiaries increases over time.

“At an average of 25 direct and indirect jobs per housing unit, the 1,250 housing units are estimated to create 31,250 skilled and unskilled jobs in these states. Construction work at the sites will also stimulate local economic activity, benefiting the communities and the broader economy.’’

The housing projects also seek to address social inequality by providing a broad range of affordable ownership options.

This includes single-digit and up to 30-year mortgage loans to be provided by the Federal Mortgage Bank of Nigeria, rent-to-own options where beneficiaries can move in and pay towards homeownership in monthly, quarterly, or annual instalments, and outright purchases for high-income earners.

The minister assured all state governments that the Renewed Hope Housing Programme will go round the states, saying that states that are not covered under the 2023 supplementary budget will be covered under the 2024 budget.

He also called on all state governments that have yet to provide land for siting the projects to do so to enable the ministry to finalise project plans.

Leave a comment

Related Articles

NNPC Ltd. hosts NSC boss, pledges support for revitalization of Nigerian football

In a significant move to boost Nigerian football, the Nigerian National Petroleum...

Nigerian youths essential to repositioning Africa, says VP Shettima

Vice President Kashim Shettima has reaffirmed the federal government’s commitment to youth...

Just in: Simon Ekpa ‘ll be extradited to Nigeria to face charges – Defence Headquarters

The Nigerian Defence Headquarters, Abuja, has announced plans to extradite Simon Ekpa,...

NPA’s CEO Dantsoho Makes History as First Nigerian Chairman of PMAWCA

In a groundbreaking achievement, Dr. Abubakar Dantsoho, Managing Director of the Nigerian...

Save for rainy day, Federal Accountant General urges state govts, emphasizes transparency, accountability

In a bid to ensure financial stability during adverse situations and economic...

Sacked UNIZIK VC Odoh to Tinubu: You can’t fire me through press release

Sacked Vice-Chancellor of Nnamdi Azikiwe University (UNIZIK), in Awka, Anambra State, Prof....

UBA to empower MSME’s with wealth management strategies at its ‘Built to Last’ series

As part of its commitment to deepen the growth and sustainability of...

Olopade assumes office as NSC DG, promises new lease of life for Nigerian sports

Bukola Olopade had assumed office as the Director General of the resuscitated...

Amid High Inflation Rate, IMF Pledges Support for Nigeria’s Economic Reforms

International Monetary Fund (IMF) President Kristalina Georgieva and her team met with...

Nigeria’s Super Falcons Ajibade, Nnadozie, Nominated for 2024 CAF Women’s Player of the Year

The Confederation of African Football (CAF) has announced the nominees for the...

Just in: FG announces reshuffle of governing councils at FUOYE, Kogi varsity

The Federal Government has made changes to the governing councils of Federal...

Exclusive: Eguavoen Opens Up on Declining NFF Contract Extension, Reveals Reasons

Super Eagles Coach, Austin Eguavoen, has revealed why he declined the Nigeria...

Boost for Nigeria’s Oil Production As NNPC’s Utapate Crude Grade Hits Global Oil Market

In a major boost for Nigeria’s crude oil production, revenue generation, and...

Just in: FG sacks varsity Pro-Chancellor for misconduct

The Minister of Education, Dr. Tunji Alausa, has announced the removal of...

Just in: INEC presents Certificates of Return to Ondo Gov. Aiyedatiwa, deputy

The Independent National Electoral Commission (INEC) has presented Certificates of Return to...

Breaking: Senate sacks Danladi Umar, Code of Conduct Tribunal chairman  

Following proven allegations of gross misconduct and unacceptable behaviour, the Senate on...

Just in: South Africa takes over G20 Presidency from Brazil, first African nation to lead the bloc

South Africa has taken over the presidency of the G20 from Brazil,...

Tinubu submits 3 INEC REC, federal commissioner-nominees for Senate’s approval

President Bola Tinubu has sent the name of Ondo Resident Electoral Commissioner,...

Just in: After a night in custody, DSS in Ogun releases Ladi Adebutu

Mr. Ladi Adebutu, the 2023 People’s Democratic Party (PDP) governorship candidate in...