Presidency To Disburse N200 Billion For Social Housing Scheme


Today, the presidency announced a N200 billion facility set aside for the Federal Government Social Housing Scheme and the disbursements are ready to start the project.

This announcement follows the finalization of the agreement with the Central Bank of Nigeria (CBN) with a guarantee from the Federal Ministry of Finance for the scheme, which is expected to be disbursed at 5% per annum, generate 1.8 million jobs and deliver houses to 1.5 million Nigerian families.

The disclosure is contained in a statement issued by the Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande, on Sunday, in Abuja.

The presidential aide said that the National Social Housing Programme (NSHP), under the Economic Sustainability Plan (ESP), had received a further boost. 

The aide to the vice president, Laolu Akande, in his statement, said, ”Following the finalization of the agreement with the Central Bank of Nigeria (CBN) on the N200 billion facility, the drawdown, with a guarantee from the Ministry of Finance, is now commencing to fund the housing project.

The fund would be released in tranches, is expected to cover the NSHP project execution cost of the houses that would be constructed under the social housing project.

Under the Social Housing Programme, the Federal Government plans to support 1.5 million Nigerians to acquire low-cost houses either through mortgage options or Rent to Own option.

The scheme is expected to also generate 1.8 million jobs and deliver houses to about 1.5 million Nigerian families.’’

 



Source link

Related posts

Lagos State Government to Subsidize Cost of Home Ownership

  • July 23, 2021
  • News

Last week, the state government moved to reduce the home-ownership barrier in Lagos and also speed up…

Read More

Determine You Are Not Been Overcharged For Rent

  • July 14, 2021
  • News

If your house rent just got increased or you are on the market for a new apartment. You should…

Read More

How To Plan An Outdoor Movie Night

Do you want to plan a hangout or a movie night with family, friends or even colleagues ? This…

Read More

Join The Discussion

Search

July 2021

  • M
  • T
  • W
  • T
  • F
  • S
  • S
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31

August 2021

  • M
  • T
  • W
  • T
  • F
  • S
  • S
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
0 Adults
0 Children
Pets
Size
Price
Amenities
Facilities

Compare listings

Compare