Govt, FHA launch ‘ Diaspora Smart City’ in Abuja

TO increase Nigeria's diaspora remittances, which continued its upward trend in the first quarter, ' 22, rising by 20.3 per cent, Year- onYear, YOY, to $ 5.16bn, the Federal Government has launched a new housing scheme, known as ‘ Diaspora Smart City’ in Kabusu District of Abuja, Federal Capital Territory.

Under the scheme over 17,000 housing units will be constructed in two districts. The project will have six zones, made up of neighbourhoods, using many deliveries, such as public private partnership to deliver houses to the prospective buyers, especially Nigerians in Diaspora.

Minister of State for Works and Housing, Umar ElYakub, who revealed this during an inspection tour of the proposed Smart City, called on the Federal Housing Authority ( FHA) to construct a dual carriage road to the site to open up the area.

El- Yakub explained that the project was conceived to encourage Nigerians abroad to invest in real estate to grow the economy, saying, planning and certification of the model city are in place, while partnership will be sorted out.

Also speaking, FHA Managing Director, Senator Gbenga Ashafa, stated that they are working with the Federal Capital D e v e l o p m e n t Administration for the take off of the project, adding, “we have settled the community by paying their compensation.”