Fed Govt allocates 8,925 affordable houses to Nigerians | Prestige Real Estate News
Fed Govt allocates 8,925 affordable houses to Nigerians
The Federal Ministry of Housing and Urban Development has said it will allocate 8,925 houses to successful applicants through its National Housing Programme.
In a statement by the ministry’s Permanent Secretary, Dr. Marcus Ogunbiyi, the government said the allocation underscored a decisive leap in its pledge to provide accessible housing options to the populace.
Ogunbiyi said the allocation culminated in a meticulous assessment of the prerequisites and protocols governing housing sales under the National Housing Programme, as delineated in a December 2023 circular.
The allocation encompasses diverse housing schemes comprising outright payment, mortgage, rent-to-own, and payment by instalment, tailored to suit the multifaceted needs of the applicants.
The government said it received 8,925 applications comprising outright payment (1,294), mortgage (2,408), rent-to-own (2,184), and installment payment (3,039).
Applicants enrolled in the mortgage, rent-to-own, and installment payment schemes, mandated to be subscribers to the National Housing Fund are currently being profiled.
Ogunbiyi said successful applicants for outright payment would be extended offers for new provisional allocations with Federal Controllers of Housing and Urban Development in states and the Chairman/CEO of Nigerians in Diaspora Commission (NIDCOM) initiating contacts with subscribers as from Thursday, April 18 for further coordination.
The permanent secretary explained that completed houses were unavailable in Abia, Lagos, Bayelsa, Rivers states, and the Federal Capital Territory (FCT).
Allocation of housing units in the regions, he said, would be conducted at the completion of housing projects later in the year.
