{"id":6627,"date":"2024-11-19T09:19:01","date_gmt":"2024-11-19T09:19:01","guid":{"rendered":"https:\/\/shakamomodu.com\/?p=6627"},"modified":"2024-11-19T09:19:01","modified_gmt":"2024-11-19T09:19:01","slug":"fg-unveils-national-social-housing-fund-to-provide-homes-for-vulnerable-nigerians","status":"publish","type":"post","link":"https:\/\/shakamomodu.com\/index.php\/2024\/11\/19\/fg-unveils-national-social-housing-fund-to-provide-homes-for-vulnerable-nigerians\/","title":{"rendered":"FG Unveils National Social Housing Fund to Provide Homes for Vulnerable Nigerians"},"content":{"rendered":"

The Federal Government of Nigeria has announced plans to deliver 100 housing units in each of the country\u2019s 774 local government areas through a proposed National Social Housing Fund<\/strong>. This initiative, aimed at addressing the nation\u2019s housing deficit, will rely on voluntary donations from at least 10% of Nigerians.<\/p>\n

Funding Through Citizen Contributions<\/strong><\/h3>\n

Speaking to journalists in Abuja, Minister of Housing and Urban Development, Musa Dangiwa<\/strong>, outlined the funding model, which involves voluntary monthly contributions of \u20a65,000 for one year by 10% of Nigeria’s population\u2014approximately 20 million people.<\/p>\n

\u201cIf 10% of Nigerians contribute \u20a65,000 monthly for a year, we will generate \u20a61.2 trillion, sufficient to build 100 houses per local government,\u201d the Minister explained.<\/p><\/blockquote>\n

The government aims to use these funds to construct over 77,000 houses nationwide, providing free two- to three-bedroom units for the most vulnerable populations in each local government.<\/p>\n

Renewed Hope Agenda: Housing for All<\/strong><\/h3>\n

Dangiwa emphasized that this initiative is part of the broader Renewed Hope Agenda<\/strong>, which includes:<\/p>\n

    \n
  • Renewed Hope Cities<\/strong>: Larger urban housing projects in the Federal Capital Territory, Kano, and Lagos.<\/li>\n
  • Renewed Hope Estates<\/strong>: 12 estates across states, each offering 250 housing units.<\/li>\n
  • Construction of over 10,000 housing units across 14 active sites, ensuring equitable distribution in all six geo-political zones.<\/li>\n<\/ul>\n

    \u201cOur goal is clear: to build at least one Renewed Hope City in each geo-political zone, bringing homes closer to those who need them most,\u201d Dangiwa added.<\/p><\/blockquote>\n

    Advocacy for Increased Housing Budget<\/strong><\/h3>\n

    To sustain this housing program, the Ministry has successfully lobbied the National Assembly for a minimum annual housing budget of \u20a6500 billion<\/strong> starting in 2025. This allocation will address Nigeria\u2019s estimated housing deficit of 550,000 units annually.<\/p>\n

    Economic Impact: Jobs and Stability<\/strong><\/h3>\n

    The housing initiative is also a significant driver of economic growth and job creation. According to the Minister:<\/p>\n

      \n
    • Each housing unit generates an average of 25 direct and indirect jobs.<\/li>\n
    • Over 252,800 jobs<\/strong> have been created nationwide, employing professionals such as architects, engineers, and surveyors, as well as skilled laborers like masons, carpenters, and plumbers.<\/li>\n
    • Workers earn an average daily wage of \u20a65,000, which surpasses the national minimum wage and contributes to economic stability while reducing crime rates.<\/li>\n<\/ul>\n

      A Collaborative Vision for Nigeria\u2019s Future<\/strong><\/h3>\n

      The Federal Government\u2019s housing initiative reflects a vision of inclusivity and sustainability, focusing on vulnerable populations while revitalizing communities and stimulating the economy. With plans for broader expansion, the program is a cornerstone of the administration\u2019s effort to close Nigeria\u2019s housing gap and uplift citizens nationwide.<\/p>\n","protected":false},"excerpt":{"rendered":"

      The Federal Government of Nigeria has announced plans to deliver 100 housing units in each of the country\u2019s 774 local government areas through a proposed National Social Housing Fund. This initiative, aimed at addressing the nation\u2019s housing deficit, will rely on voluntary donations from at least 10% of Nigerians. Funding Through Citizen Contributions Speaking to […]<\/p>\n","protected":false},"author":3,"featured_media":6630,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[35],"tags":[],"class_list":["post-6627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/posts\/6627"}],"collection":[{"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/comments?post=6627"}],"version-history":[{"count":1,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/posts\/6627\/revisions"}],"predecessor-version":[{"id":6631,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/posts\/6627\/revisions\/6631"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/media\/6630"}],"wp:attachment":[{"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/media?parent=6627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/categories?post=6627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/tags?post=6627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}