Tinubu: Every Nigerian Deserves Decent, Affordable Housing
Launches 3,112 units in Abuja 400 units at concessionary rate to low income earning NLC, TUC members 20,000 units to be delivered under public/private partnership in FCT
President Bola Tinubu, yesterday, performed the groundbreaking of the 3,112 housing-unit Renewed Hope City in Karsana, Abuja, and reiterated his administration's resolve to provide decent and affordable housing for Nigerians.
The project was a 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 represented the first practical expression of the administration’s desire to implement a New City Development Plan under the Renewed Hope Agenda.
Tinubu, while speaking at the occasion, said under this plan, integrated living communities that would redefine the essence of residential living for Nigerians nationwide would be built.
He emphasised that his vision was to build dynamic, integrated, and self-sustaining communities, equipped with amenities to enhance the quality of living for residents.
According to him, "This includes well-connected access and internal roads, 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 health and productivity of our citizens and reduce pressure on city centres.
“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."
The president stressed that beyond the moral imperative of providing decent and affordable housing for citizens, his administration also recognised the immense potential of housing as a catalyst for inclusive economic growth.
"It is with this understanding that we have classified housing as essential social infrastructure and made it a major priority area towards delivering economic growth and Job Creation.
“At 25 direct and indirect jobs per house, the 20,000 housing units planned for the Federal Capital Territory alone will create 500,000 jobs," he said.
Emphasising the determination of his administration to ensure that
Nigeria's housing deficit was bridged, Tinubu said he was resolved to face the challenge with the boldness and urgency that it required.
His words: "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, boost our capital market while enhancing the governance and risk management frameworks to ensure their stability, transparency and integrity.
"We are resolved to facing the housing challenge with the clarity of purpose and determination that is 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."
Tinubu also expressed his commitment towards providing the Federal Ministry of Housing and Urban Development with the political required to ensure that his administration makes a historic difference in the housing and urban development landscape of the country.
"I am happy to hear that the Federal Ministry of Housing and Urban Development has already awarded contracts for the construction of 200 housing units in 12 states (two per geo-political zone) as Renewed Hope Estates.
“In this regard, the minister is to proceed with the groundbreaking ceremonies in the 12 locations and the estates must be completed before the end of 2024.
"I am also delighted to hear that the Renewed Hope Cities are being developed in three locations: Kano 1,500 housing units; Lagos 2,500 housing units and Abuja 3,112 under a variety of funding arrangements.
“The ministry’s plan to kickstart a National Urban and Slum Upgrading Programme covering 26 sites nationwide is also commendable," he said.
He said in the next couple of weeks, he would also perform the groundbreaking of a similar project to deliver 2,500 housing units at the Ibeju–Lekki coastal city, Lagos.