President Tinubu To Flag Off Construction Of Over 3,000 Housing Units

President Bola Ahmed Tinubu is all set to flag off 3,112 housing units as the federal government launches the Renewed Hope Cities and Estates Program.

According to the official statement shared on X handle (formerly Twitter) on Tuesday, Special Assistant on Media to the Minister of Housing and Urban Development Mark Chieshe revealed that this exercise will take place Thursday.

"The ground-breaking exercise to be conducted by the President will mark the official launch of the Renewed Hope Cities and Estates program, initiated by the Ministry of Housing and Urban Development to increase the housing stock in the country and bridge the prevailing housing deficit," Chieshe said, Leadership reported.

"The Cities will have a minimum of 1,000 housing units per site in one location in each of the six geo-political zones of the country and the FCT, while the Estates will have a minimum of 500 housing units per site in the remaining thirty (30) States," he added.

Minister of Housing and Urban Development Architect Ahmed Musa Dangiwa noted that the Renewed Hope Cities will help the communities living under all income brackets as the houses consist of a bedroom block of flats, two-bedroom blocks of flats, and three-bedroom blocks of flats targeting low–medium income earners.

Furthermore, there are houses designed that come with two-bedroom terraces, four-bedroom terraces, four-bedroom duplexes, and five-bedroom duplexes, keeping high-income earners in mind.

"The private-public partnership project at Karsana is being funded by the developers who also sourced for the land," he said, adding that the ministry is creating the enabling environment and will facilitate the access by off-takers for the houses from subscribers to the National Housing Fund (NHF) Scheme.

Dangiwa said that this is the first project in the series that the ministry will be executing in the coming weeks, revealing that other projects include 2,500 Renewed Hope City housing units at the Ibeju-Lekki Coastal City in Lagos and 500-housing unit Renewed Hope Estate in Kano.

There will be 250 housing units in 12 states, two in each geopolitical zone, as Renewed Hope Estates in Ogun, Oyo, Akwa Ibom, Delta, Abia, Ebonyi, Nasarawa, Benue, Yobe, Gombe, Katsina and Sokoto.