The Managing Director, Family Homes Fund (FHF), Mr Femi Adewole, on Monday, said the company is perfecting the necessary agreement to kickstart the Federal Government National Social Housing Programme (NSHP).
Adewole disclosed this in an interview in Lagos on the sidelines of the inaugural Technical Committee meeting on Real Estate Regulation in Lagos.
The NSHP is the housing component of the President Muhammadu Buhari Economic Sustainability Plan to deliver affordable housing and millions of jobs for Nigerians.
Adewole stated that the enabling agreement to ensure the commencement of the programme had reached an advanced stage.
“We expect that by the end of the week all the necessary enabling agreements for us to start funding the programme will have been completed. You can expect to see a very accelerated start with a number of housing projects across all regions of the country. .The projects are already there, we have worked on them and know where they are, we are just awaiting funding,” he said.
Adewole said the FHF was currently working with the state governments on the projects and would deliver 14,000 houses in the first tranche and disclosed that 26 states across the federation had donated 2,500 hectares of land for the project, adding that new states were embracing the scheme on daily basis.
“We have had tremendous support in all of the states of the federation and have not had any state that hasn’t keyed into the programme. For some, it takes longer time because of their own internal process but we have had absolute commitment from all the 36 states of the federation’’, he said
Adewole promised that Nigerians earning as low as N30,000 which was the minimum wage would benefit from the programme as planned .
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