The plan by the Federal Government support 1.5 million Nigerians to acquire low-cost houses Under the Social Housing program of the ESP is on course as the portal for application by prospective beneficiaries was launched in December 2020 alongside the prototype 1-bedroom and 2-bedroom units.
During a visit over the weekend to the completed model houses in Dei Dei at the Federal Capital Territory, Vice President Yemi Osinbajo, SAN, reiterated the FG’s commitment to deliver decent and affordable accommodation that will be within the reach of many Nigerians.
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The plan is to have a Rent to Own option as part of the Buhari administration’s resolve to impact the common man in the social housing scheme expected to also generate 1.8m jobs and deliver houses to about 1.5m Nigerian families.
Already sites for early start projects have been identified in all the 6 geo-political zones in addition to the FCT.
The sites include those in:
- Ekiti and Ogun in the Southwest,
- Enugu, and Abia in the Southeast,
- Delta, and Edo in the South-south,
- Yobe, and Bauchi in the Northeast,
- Kaduna and Katsina in the Northwest and
- Nasarawa and Plateau in the North-central.
Sites have also been identified in Abuja. If you want to apply for the FG social housing, Read this: Application Now Open For National Social Housing Programme (NSHP)
To kickstart the social Housing projects, the CBN has already committed to a N200B facility with a guarantee by the FG via the Finance Ministry.
The implementing agency, Family Homes Fund Ltd, an agency under the Federal Ministry of Finance has already mobilized thousands of Cooperatives groups across the country who will participate in the social Housing plan as the main warehouse agents and mobilize low-income buyers. For instance, FHF met recently with 93 Cooperative Leaders from the 6 geographical zones, under the aegis of the Co-Operatives Federation of Nigeria.