FG Promises Nigerians Affordable Houses
By Ige Olugbenga
The federal government has stated that its commitment to providing affordable houses for Nigerians as it is key to stimulating economic activities.
The Minister of Finance, Kemi Adeosun, stated this when she met with representatives from international finance institutions at the World Bank Spring meetings holding in the United States.
A statement on Saturday from her media adviser, Festus Akanbi, quoted the minister to have said that housing delivery was one of the main economic agenda of the Federal Government which they have been discussing in Washington this week.
She added, “We have requested N100bn in the 2017 budget and for the subsequent three years as part of the Medium Term Expenditure Framework; this is seed funding from the government.”
She disclosed that the project will be a partnership with the private sector and government is looking to mobilise additional resources from domestic and external sources.
The minister said the fund would enable government to deliver discounted mortgages for homeowners, while also enabling access to attractive funding mechanisms for developers.
“We are piloting in six states and the results of those pilots will guide long-term programme implementation,” she added.
