Thread by @NGRPresident

UPDATES FROM THE @MBuhari ECONOMIC SUSTAINABILITY PLAN:

#DidYouKnow More than two thousand (2,000) hectares of land with titled documents have been given by 24 States for the Buhari administration’s Social Housing programme.

#Thread #GovtAtWorkNG #infrastructure

The Family Homes Fund Limited (FHFL) @FHFLNigeria is the implementing agency for the Social Housing scheme.

“We are having a successful push in assembling land to feed the housing construction. So far about 2,156.4 hectares have been assembled ready for development. This has the capacity to accommodate about 65,000 homes.” — Mr Femi Adewole, MD/CEO, @FHFLNigeria #ESPNigeria

Under the #ESPNigeria Social Housing programme, Nigerians will be given at least a 15-year period with a monthly payment at six percent interest rate to pay for each housing unit.

.@cenbank has committed to a N200 Billion facility with a guarantee by @NigeriaGov via @FinMinNigeria for the Social Housing scheme.

An agreement with CBN has now been finalized and signed by @FHFLNigeria, while drawdown is subject to the @FinMinNigeria guarantee.

#ESPNigeria

According to the @FHFLNigeria MD, the agency has struck partnerships with Dangote Cement for the provision of cement at subsidized rates to construct the #ESPSocialHousing homes, adding that “we expect to reach a similar agreement with the other two majors shortly.” #ESPNigeria

He added that @FHFLNigeria has signed an MoU with the #ESPSolar project including 3 suppliers to provide low-cost solar panels to the homes. #ESPSocialHousing

Already sites for early start #ESPSocialHousing projects have been identified in all the 6 geo-political zones in addition to the FCT.

The sites include those in:

Ekiti and Ogun in the Southwest

Enugu and Abia in the Southeast

Delta and Edo in the South-south

Yobe and Bauchi in the Northeast

Kaduna and Katsina in the Northwest

Nasarawa and Plateau in the North-central

#ESPSocialHousing

Sites have also been identified in Abuja including at Dei Dei where Vice President @ProfOsinbajo earlier visited to see the sample designs of the Social Housing homes. #ESPNigeria #ESPSocialHousing

“If the Federal Government is going to intervene in housing, most of it should be social housing... All over the world, when government intervenes, it is social housing... those who cannot afford housing are the ones we must focus attention on.”—VP @ProfOsinbajo #ESPSocialHousing

Under #ESPSocialHousing, @NigeriaGov plans to support 1.5 million Nigerians to acquire low-cost houses through mortgage options and also Rent-to-Own option.

The scheme is expected to also generate 1.8 million jobs and deliver houses to about 1.5 million Nigerian families.

The houses are to be priced around and about N2m and N4m each putting it within the reach of the low-income earners, depending on the number of rooms.

There are one, two and three bedrooms options.

For more information visit the @FHFLNigeria website. Also #ESPSocialHousing