President Bola Ahmed Tinubu has flagged off a 250-unit housing estate project in Abia State under the Renewed Hope Cities and Estates Programme of the Federal Ministry of Housing and Urban Development.
During the occasion yesterday, at Umuoche in Bende local government area, Tinubu said the programme will be funded from the recently approved N50 billion 2023 Supplementary Budget.
Represented by the minister of housing and urban development, Ahmed Dangiwa, the president urged the developers to ensure the project was completed within three months and according to specifications.
He said that under Phase One of the programme, the government plans to deliver 50,000 housing units, including 7 Renewed Hope Cities with between 500 and 1,000 housing units per site in each of the six geopolitical zones and the FCT.
“The estates will have 250 units per site in the remaining thirty (30) states. With this housing programme, we plan to unlock the massive potential of housing development to create jobs, uplift lives, and boost economic development”, he added.
He appreciated Governor Alex Otti for promptly granting the request for the provision of land at no cost, adding that the singular action had helped to reduce as much as 30 percent of the cost of the units.
Governor Otti, speaking after laying the foundation stone, commended the president for initiating the programme, adding that besides the provision of accommodation, it will also create job opportunities for the people.
