Nigerians will acquire houses built by the Nigerian government for as low as N2 million, as the housing scheme of the Economic Sustainability Plan (ESP) kicks off.
The social housing scheme is expected to create 1.8m jobs as the Central Bank of Nigeria (CBN) commits initial N200 billion facility to the project which kicks off this week.
The scheme will build about 300,000 very affordable houses for Nigerians.
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This week the portal to invite Nigerians interested either as beneficiaries of the Social Housing or as delivery partners would be launched by the Family Homes Fund, the Federal Government agency designated to implement the scheme. The portal is nshp.gov.ng.
In an update on the Social Housing plan of the ESP shared with the media by Mr. Laolu Akande, the Senior Special Assistant on Media and Publicity to the President in the Office of the Vice President, it was disclosed that more than 20 States including the FCT have already expressed interest and support in the programme including many who have offered free land for the constructions of the houses.
The ESP Update shared with the press over the weekend showed that some of the States that have already expressed interest and supported the implementation of the Social Housing scheme which will offer houses at low prices such as between N1.8m to N2m include the States of Osun, Ogun, Enugu, Delta, Bauchi, Kebbi, Nasarawa, Plateau, and the Federal Capital Territory where the first set of construction sites have been indicated.
There are also others like Abia, Anambra, Ebonyi, Imo, Cross River, Sokoto, Kaduna, Zamfara, Katsina, Borno and Yobe States that are now working towards joining in a similar vein.
Under the ESP Social Housing Plan, 300,000 low cost houses would by itself create 1.8 million jobs in the housing sector and beyond, while as indicated under the ESP approved by the President and the Federal Executive Council the Central Bank of Nigeria has now committed N200B facility for the Social Housing
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