feel free to call 09056000005

8,925 Apply for FG Housing – Dangiwa

 
The Ministry of Housing and Urban Development announced that 8,925 individuals have expressed interest in the reallocation of houses built under the National Housing Programme (NHP). Housing Minister Ahmed Dangiwa shared this information during a sectoral ministerial press briefing, marking President Bola Tinubu's first year in office in Abuja.
 
Launched under the Buhari administration in 2021, the NHP aims to provide affordable housing through homeownership and rental schemes for Nigerians in both urban and rural areas.
 
Image result for pictures of real estate
Last year, the ministry revoked provisional allocation letters offered to NHP subscribers due to a need to review the conditions and procedures for house sales. This revocation affected beneficiaries from the first to the 14th batch of the program. After revising the conditions, the ministry reopened applications for houses in 34 states.
 
During the press briefing, Minister Dangiwa announced that expression of interest forms were re-advertised with four subscription options to accommodate all income levels: outright purchase, mortgage, rent-to-own, and installment payments. “We received a total of 8,925 expressions of interest, with 1,294 for outright purchase, 2,408 for mortgage, 2,184 for rent-to-own, and 3,039 for installment payment,” Dangiwa said. 
 
He added that the first batch of successful applicants received their provisional allocation letters in May. "Last month, we issued the first batch of new provisional allocation letters for outright payment to successful applicants," he stated.
The Minister of Housing and Urban Development, Ahmed Dangiwa. CREDIT: Housing Ministry
 
The government aims to increase affordable housing units by an additional 50,000 per year and has initiated urban and slum upgrading programs to improve living conditions, infrastructure, and basic services in informal settlements. These programs also include policies promoting inclusivity for vulnerable groups, such as persons with disabilities, women, and the elderly. “The government has approved a total of N126.5 billion from the 2023 supplementary and 2024 budget for these projects, including slum upgrades and urban renewal,” Dangiwa added.
Read also: DANGIWA ADVOCATES REVIEW OF ARCON ACT
He concluded by emphasizing the government's commitment to implementing these reforms and initiatives to transform the housing sector and fulfill the renewed hope agenda for housing and urban development.

Similar Topics

US Election Race Intensifies: How Results Could Impact Nigeria’s Real Estate Market As the...

15 days ago Read More

Equatorial Guinea Official Baltasar Engonga Ebang’s Video Sparks Controversy In recent days,...

15 days ago Read More

Nigeria’s digital real estate company, Sytemap, has raised concerns over the ongoing trust...

a month ago Read More

Governor Babajide Sanwo-Olu of Lagos State has urged for more investment to address the persistent...

a month ago Read More

Housing sector stakeholders have raised concerns that the rising interest rates in the country are...

a month ago Read More

Lagos State Governor, Babajide Sanwo-Olu, has emphasized the significance of innovation,...

a month ago Read More

The Association of Private Practicing Surveyors of Nigeria (APPSN), a subgroup of the Nigerian...

a month ago Read More

Nigeria has been admitted into WorldSkills International, marking a historic milestone in the...

2 months ago Read More

The Federal Government has launched the Ministry of Finance Incorporated Real Estate Investment...

2 months ago Read More

The National Board for Technical Education has inaugurated the Sector Skill Council for...

2 months ago Read More

The Environmental Defense Fund has partnered with Africa Practice to combat climate change in...

2 months ago Read More

The Minister of Housing and Urban Development, Ahmed Dangiwa, has reiterated the crucial role of...

2 months ago Read More

The Real Estate Developers Association of Nigeria has announced initiatives aimed at enhancing...

2 months ago Read More

The Global Environment Facility has approved $3.28m to tackle land degradation in Kebbi State under...

2 months ago Read More

The commercial real estate market is currently grappling with several major challenges, including...

2 months ago Read More

Real estate development is a key driver of economic growth in any region, and Africa is no...

2 months ago Read More

The Federal Government has signed a Memorandum of Understanding with Shelter Afrique...

2 months ago Read More

The Federal Government has issued a 90-day deadline for subscribers of the National Housing...

2 months ago Read More

The Minister of Housing and Urban Development, Ahmed Dangiwa, has disclosed that plans are underway...

3 months ago Read More

A real estate firm, Gestpoint Nigeria Limited, has implored the Federal Government to simplify the...

3 months ago Read More