Nigeria's Federal Government Launches 2,000 Housing Units

The Federal Government of Nigeria has begun constructing 2,000 housing units in Lagos State under the Renewed Hope Housing Programme. The announcement was made by the Minister of Housing and Urban Development, Muttaqha Rabe Darma, during a groundbreaking ceremony at Lekki Aviation Town, Ibeju-Lekki.

The project is a public-private partnership involving Harmony Gardens and Estate Development Limited and Metroscape Development Company Limited. It aims to expand housing supply, create jobs, and promote sustainable urban development.

The housing units will consist of two- and three-bedroom homes located in the Ibeju-Lekki economic corridor, which includes significant investments like the Dangote Refinery and Lekki Deep Sea Port. Darma emphasized the need for an effective mortgage financing system to enable Nigerians to purchase homes according to their income levels.

He also called for better regulation in the construction industry to prevent building collapses and urged developers to prioritize quality and affordability in the housing units.