The Minister of Housing and Urban Development, Ahmed Dangiwa, has said that the development of Nigeria’s housing market has the potential to unlock the country’s targeted $1 trillion economy.
Dangiwa disclosed this during a recent groundbreaking ceremony for the 250-housing unit Renewed Hope Estate in Akwa Ibom.
According to him, under the current administration, Nigeria has turned into a construction site.
He explained that the project is part of the Renewed Hope Cities and Estates programme launched by President Bola Tinubu with a groundbreaking for 3,112 Renewed Hope City in Karsana, Abuja, in February 2024.
He added the project further covered states like Kano, with a 500-unit Renewed Hope City, and Katsina, Gombe, Yobe, and Sokoto, each with a 250-unit Renewed Hope Estate in the first round of groundbreaking.
“We plan to turn Nigeria into a huge construction site. This estate, like the others, comprises 50 units of 1-bedroom semi-detached bungalows, 150 units of two-bedroom semi-detached bungalows, and 50 units of three-bedroom semi-detached bungalows.
“We have designed these housing units in a way that makes them affordable for people to acquire by using organic designs to allow for future expansion as the income of beneficiaries increases,” he said.
Share your story or advertise with us: Whatsapp: +2347068606071 Email: info@newspotng.com
