Tinubu's Renewed Hope Cities Initiative Attracts 100,000 Interests

The Federal Government's Renewed Hope Cities initiative has garnered over 100,000 expressions of interest from Nigerians across various sectors, including traders and small business owners in Abuja, Kano, and Lagos. Launched under President Bola Ahmed Tinubu, the initiative is a public-private partnership involving the Federal Ministry of Housing and Urban Development and developers such as Continental Civil and General Construction, Ceezali Limited, and Citec International Limited.

President Tinubu initiated the flagship project in Karsana, Abuja, where 2,400 housing units are nearing completion. The Federal Mortgage Bank of Nigeria has been directed to extend mortgages to contributors of the National Housing Fund, with over 2,000 Nigerians already benefiting and more than 10,000 applications in process.

Minister Engr. Dr. Muttaqha Rabe Darma aims for at least 5,000 mortgages annually and has established a committee to reform the housing sector. The initiative has expanded to Kano and Lagos, with plans for additional sites across Nigeria, aiming to house 100 million Nigerians.