Arc. Ahmed Musa Dangiwa, the Minister of Housing and Urban Development, announced that President Bola Tinubu will soon launch the much-awaited Renewed Hope Social Housing Programme. This program is part of a larger effort to address the housing needs of Nigerians from all economic backgrounds.
During a meeting held at the Ministry’s headquarters in Mania, Abuja, the Minister shared this announcement with a delegation from Creative Sphere Limited.
The Minister adescribed the program as visionary, highlighting that it embodies President Tinubu’s dedication to providing all Nigerians with access to respectable housing. The Minister further emphasized that this initiative showcases his enthusiasm for improving Nigeria, ensuring that even the most vulnerable citizens have the opportunity to own a comfortable home.
Arc. Dangiwa additionally revealed that the program’s financing will come from the Renewed Hope Infrastructure Development Fund (RHIDF).
The Minister stated that upon completion, 80% of the houses will be allocated to Nigerians residing in the local government areas who earn a reasonable income. Furthermore, those interested will need to allocate one-third of their monthly earnings as part of the purchase process.
He said, “Anyone earning as low as N30,000 per month will be able to purchase a house, as they will only need to pay N10,000 monthly, which is one-third of their earnings. Similarly, someone earning N90,000 will pay N30,000.
“Each estate will be equipped with auxiliary facilities such as recreational areas, a primary school, a police outpost, a clinic, and a shopping mall.”