The construction of 5,000 units of low-cost buildings across the country, under the Public Private Partnership (PPP) model, will soon commence, the Nigerian government has said.
The Government also announced its intention to inject N500 billion into the Federal Mortgage Bank to assist workers meet their housing challenges.
The Minister of State for Power, Works and Housing, Mustapha Baba, disclosed this on Monday in Jalingo, while inaugurating the ministerial pilot housing scheme project, financed by the Federal Mortgage Bank in the Taraba capital.
According to Footprint to Africa, he commended the bank’s efforts toward meeting the challenge of housing deficit, in spite of the economic challenges facing the nation.
The minister urged workers to continue to contribute to the housing fund, adding that government would soon commence the construction of 5,000 housing units in each state of the federation, under the public-private partnership arrangement.
Governor Darius Ishaku, in his remarks, said that the inauguration would reduce the housing needs of civil servants in Taraba.
Represented by his deputy, Haruna Manu, Mr. Ishaku thanked the contractor for delivering a quality job.
He said that the state government was interested in working with the federal mortgage bank and the federal ministry of power, works and housing, toward building more houses for the people of the state.
“We are equally doing our best to meet the housing needs of the fast growing population, following the relocation of some people into the state, as a result of insurgency in some north-eastern states.
“The state government has already acquired land to build 500 housing units in partnership with some development partners,” he said.