The dedication of the government lies in transforming the president’s Renewed Hope Vision into a tangible manifestation, ensuring that every member of the society can enjoy a respectful and comfortable living through the provision of well-built, affordable residences complemented by essential infrastructural facilities. This commitment extends to areas in the Federal Capital Territory, state capitals, and spans across the entire nation. The objective pursued in the primary stage involves the provision of an assorted 50,000 housing units throughout Nigeria, disclosed the minister.
Each urban centre will host a collection of precisely 1,000 housing units within a lone area, situated in one of the nation’s six geo-political zones along with the Federal Capital Territory. Furthermore, approximately 500 housing units will be available within each estate found in the remaining thirty States, he declared. Dangiwa mentioned that the initiative provides various funding alternatives, such as low-interest mortgage loans, rent-to-own programs, and direct purchasing. He further explained that the required funds will be secured through a combination of sources.
They encompass semi-detached bungalows with varying bedroom options.
These sources include government allocations, the Federal Mortgage Bank of Nigeria, and collaborations between the public and private sectors in the country. The Renewed Hope Cities present harmonious living environments that cater to individuals from all income ranges. These housing communities encompass various housing options for which includes one-bedroom flats, two-bedroom flats, three-bedroom flats, as well as two-bedroom, three-bedroom, and four-bedroom terraces. Furthermore, there are four-bedroom duplexes and five-bedroom duplexes available for those seeking a more spacious abode.
In contrast, the ministry has devised the Renewed Hope Estates with the aim of tending to individuals with modest incomes, specifically those falling into the low- and medium-income brackets. These estates encompass semi-detached bungalows with varying bedroom options including one, two, and three bedrooms. In order to promote accessibility and facilitate adoption, the ministry employed organic architectural concepts that allow for the seamless transformation of a one-bedroom unit into a two-bedroom or three-bedroom dwelling, enabling beneficiaries to adapt their living spaces as their income gradually grows.
Housing development would not only ignite boosts to local enterprises.
Dangiwa pointed out that the forthcoming establishment of these novel cities and residential areas is anticipated to create 1,250,000 employment opportunities both directly and indirectly. This development would not only ignite boosts to local enterprises but also allure investments, thus complying with President Tinubu’s aspirations for the advancement of the nation. A significant milestone was achieved in Karsana as the symbolic commencement of an array of nationwide initiatives was celebrated. This strategic endeavour involves the construction of residential accommodations in various cities, including Lagos, Kano, and several other states across the country.
President Bola Tinubu has also instructed David Umahi, the minister of works, and Nyesom Wike, the minister of the Federal Capital Territory, to join forces. Their mission is to establish a network of access roads leading to every construction site of the promising Renewed Hope Cities and Estates found not only in the FCT but also across the entirety of the nation. During a recent event in Abuja, President Tinubu issued a command regarding the commencement of the Renewed Hope Cities and Estates Programme. This initiative aims to construct an impressive 50,000 dwellings in its initial stage, featuring diverse types of houses.
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Emphasizing the importance of accessibility, liveability, and safety, the president highlighted the necessity to alleviate overcrowding in city centres by ensuring these cities and estates meet these criteria. The president emphasizes that the planned 20,000 housing units in the FCT will not only promote city development but also generate extensive employment opportunities. With an estimated 25 jobs per housing unit, these projects are anticipated to create around 500,000 jobs. The president further highlights that this initiative plays a vital role in driving economic growth and development.
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