The Minister of Housing and Urban Development, Arc. Ahmed Dangiwa, is set to launch the nationwide groundbreaking for phase one of the ‘Renewed Hope’ Cities and Estates project.
This initial phase will include 1,250 housing units across four states in Northern Nigeria.
This initiative follows the program’s official launch by President Bola Tinubu which began with a 3,112-unit housing project in Karsana, Abuja, in February 2024.
The project has reached this milestone following the successful completion of the contracting process and the mobilization of reputable developers to commence construction.
The Minister will officially flag off construction activities at the project sites as follows:
250 housing units at Renewed Hope Estate in Katsina on Wednesday, May 22, 2024
500 housing units at Renewed Hope City in Kano on Thursday, May 23, 2024
250 housing units at Renewed Hope Estate in Yobe on Friday, May 24, 2024
250 housing units at Renewed Hope Estate in Gombe on Saturday, May 25, 2024
Mr Dangiwa said: “We are committed to our promise to His Excellency, President Bola Ahmed Tinubu, GCFR, to turn the country into a huge construction site and unlock the potential of the housing sector to create jobs, catalyze economic growth, and contribute to the $1 trillion economy while boosting national development.
“The 1,250 units that we are breaking ground for in Katsina, Kano, Yobe, and Gombe is only a start. After this, we shall be proceeding to other parts of the country,” Mr Dangiwa added.
The Minister noted that under the 2023 Supplementary budget, the Ministry has awarded contracts for 3,500 housing units in thirteen States since December 2023.
This includes 500 housing units in Kano, 250 housing units in twelve other states, including Katsina, Sokoto, Yobe, Gombe, Nasarawa, Benue, Osun, Oyo, Abia, Ebonyi, Delta and Akwa Ibom.
The Renewed Hope City in Kano comprises:
100 units of 1-bedroom (semi-detached bungalows)
300 units of 2-bedrooms (semi-detached bungalows)
100 units of 3-bedrooms (semi-detached bungalows)
The Renewed Hope Estates in Katsina, Yobe, and Gombe each comprises:
50 units of 1-bedroom (semi-detached bungalows)
100 units of 2-bedrooms (semi-detached bungalows)
50 units of 3-bedrooms (semi-detached bungalows)
“To enhance affordability and ease of offtake, we used organic designs where one bedroom can be expanded to two-bedrooms and three-bedrooms as the income of beneficiaries increase over time.
“At an average of 25 direct and indirect jobs per housing unit, the 1,250 housing units are estimated to create 31,250 skilled and unskilled jobs in these states.
“Construction work at the sites will also stimulate local economic activity, benefiting the communities and the broader economy.
“The housing projects also seek to address social inequality by providing a broad range of affordable ownership options. This includes single digit and up to 30-year mortgage loans to be provided by the Federal Mortgage Bank of Nigeria, Rent-to-Own options where beneficiaries can move in and pay towards homeownership in monthly, quarterly, or annual instalments and Outright Purchase for high income earners,” Mr Dangiwa said.
The 1,250 housing units are being funded under the N50billion 2023 Supplementary Budget of the Federal Ministry of Housing and Urban Development.
The minister has assured all State Gove`21543rnments that the Renewed Hope Housing Programme is designed to cover all the States in the Country, saying that those not covered under the 2023 Supplementary Budget will be covered under the 2024 Budget.
He called on all State Governments yet to provide land for siting the projects to enable the Ministry to finalise project plans.
