The Federal Government is aiming to generate 1.2 million jobs through the construction of 3,112 housing units under the Renewed Hope Initiative.
The Minister of Housing and Urban Development, Ahmed Dangiwa, revealed this during the groundbreaking ceremony in Karsana, Abuja, emphasizing the government’s commitment to leveraging affordable housing for economic growth and job creation.
The Renewed Hope Cities and Estates Programme, with a budget of N118.9bn, addresses various aspects of development, from urban planning to social inclusion.
Dangiwa highlighted the program’s potential to stimulate local businesses, attract investments, and reduce Nigeria’s current 28 million housing gap.
The project, a Public Private Partnership with a consortium of developers, aligns with President Bola Tinubu’s vision for national development, creating modern cities to compete globally and attract domestic and foreign investments.
Dangiwa emphasized that the PPP arrangement alleviates the financial burden on the government while meeting citizens’ housing needs.
The Renewed Hope Cities and Estates project, part of a broader initiative, aims to improve residents’ quality of life, create job opportunities, and reduce poverty. Tinubu further directed groundwork on the construction of 2,400 housing units across the country’s six geopolitical zones before December, reinforcing the government’s commitment to widespread development.
