The Federal Government has announced plan to provide free housing units to 77,400 vulnerable Nigerians across all 774 local government areas under its proposed National Social Housing Fund.
The initiative, which aims to generate N1.2 trillion through voluntary monthly contributions from Nigerians, is awaiting legislative approval to become operational.
Minister of Housing and Urban Development, Arch. Ahmed Musa Dangiwa, disclosed this during a Meet the Press briefing at the State House.
He explained that the program targets the most vulnerable in society, offering them homes free of charge as part of the administration’s commitment to inclusive development.
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He outlined the funding mechanism, emphasizing voluntary contributions from at least 10% of Nigeria’s population—approximately 20 million people. Each contributor would be encouraged to donate N5,000 monthly over a year, amounting to N60,000 per person.
“If 10% of Nigerians can contribute N5,000 monthly, that’s N60,000 annually. Together, we will generate N1.2 trillion. This amount can build 100,000 houses, but we only need 77,400 homes—100 per local government—to meet our target,” Dangiwa explained.
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The homes, which will include two- and three-bedroom units, will be valued at approximately N10 million each, the minister said, assuring that the fund would prioritize transparency and accountability to earn the trust of contributors.
“We don’t want to enforce this on Nigerians. If you know these houses will be delivered and you have the will, I’m sure many Nigerians will contribute more than N60,000, even at a go, to support the vulnerable and underprivileged in their local government,” he said.
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