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Nairametrics
Home Business News

Fashola divulges FG’s plans to build affordable homes 

Joseph Olaoluwa by Joseph Olaoluwa
November 1, 2019
in Business News, Politics
FG approves N6.28 billion for 24-month repair works on Third Mainland Bridge

Babatunde Fashola, Minister of Works and Housing

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The Minister of Works and Housing, Babatunde Fashola, has disclosed the plan of the Federal Government (FG) to build more low-cost houses in 34 states of the country. This is in addition to road construction projects currently ongoing across all the 36 states of Nigeria.

The Details: Giving more details about the projects in Abuja yesterday, Fashola noted that most road projects had neared completion while new projects were being proposed.

“We are delivering on our agenda for housing provision by aggressively and sustainably pursuing the model National Housing Programme, which will turn out acceptable and affordable houses for Nigerians, and with a lot of associated economic opportunities.

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“Construction is ongoing in 34 states, most of which are largely completed, and will soon be offered for sale to the public, while also simultaneously planning the second phase in those states that have provided us with land,” he said.

Proposed NHF Law takes a twist, as top Nigerian experts differ on its impact, Richard Olodu, affordable homes 

In addition, he noted that maintenance and repairs of the roads nationwide had commenced.

“The effective, efficient and timely movement of people, goods and delivery of services are imperative for socio-economic growth and sustainable development.

“I am pleased to report in this regard that there is at least one federal road under construction in each of the 36 states and the FCT.

“While many have been completed, others are still under construction and new ones being planned. We are also repairing, building and rehabilitating many other roads under our Federal Road Maintenance Agency.”

In a recent Nairametrics article, Fashola disclosed that 524 road projects were ongoing in the six geopolitical zones of the country. The Minister noted that the essence of the road project was to open up the economy and make business easier for everyone.

He added that a funding gap of ₦255 billion was required to “ideally” fund some of the major roads and stressed that the ₦157 billion proposed in the 2020 budget allocation was inadequate.

Fashola said that ₦2.93 billion was pending in unpaid certificates under the multilateral funded projects while ₦306 billion was the amount for unpaid certificates for completed road projects.


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Tags: Babatunde FasholaFG's affordable homes
Joseph Olaoluwa

Joseph Olaoluwa

Reincarnated as a lover of stocks, Angel investors, seed funds, and anything aligned to tech or startups raising money, Joseph's work at Nairametrics involves following the money to wherever it leads. Before joining Nairametrics, he won an investigative journalism fellowship with ICIR, appeared in several national dallies, with hard-hitting opinions, features and investigative pieces. He has also engaged in content marketing and copywriting for a top e-commerce firm in Nigeria.

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