FG Launches 250 Units Renewed Hope Housing Estate in Katsina
.... Gov Radda commended FG's job creation through the project.
The Federal Government, through the Ministry of Housing and Urban Development, today, Wednesday, May 22nd, 2024 launched 250 Units Renewed Hope Housing Estate Project in Katsina State.
The ground-breaking was performed by the Katsina State Governor, Dikko Umaru Radda, who commended the Federal government for the thousands of jobs created for the people in the State through the project
In his address, Minister of Housing and Urban Development, Arc. Musa Dangiwa, stated, "the Renewed Hope Estate in Katsina comprises 50 units of 1-bedroom semi-detached bungalows, 100 units of 2-bedroom semi-detached bungalows, and 50 units of 3-bedroom semi-detached bungalows."
Dangiwa also explained that the housing units have been designed in a way that would make it easy and affordable for interested off-takers to acquire seamlessly, noting organic designs are used to allow for future expansion as the income of beneficiaries increases.
" What this means is that the 1-bedroom can be expanded to 2 bedrooms and a 2-bedroom expandable to 3 bedrooms as the owner’s financial situation improves or he grows in service." He explained
While appreciating the Federal Government for the project, Governor Radda stated that the Renewed Hope Housing Project of President Bola Ahmed Tinubu's administration across the States of the federation will have huge socio-economic impact on Nigerians.
Governor Radda, commended Minister Dangiwa for being a good Ambassador of Katsina State at the Federal level and for the good work he was able to achieved so far as a Minister of Housing
On the other hand, the Minister charged the developers of the project, Messrs K-4 Engineering Ltd, WindLand Engineering & Properties Ltd, Real Phenomenon Integral Services Ltd and Saltine Engineering Services Ltd, to ensure that they build according to specifications and deliver a quality job as substandard work would not be tolerated.
The Minister, while challenging them to be committed to the assignment before them, demanded that the project must be completed within the next three months to enable the Federal Government begin the process of offtake for Katsina indigenes.
Dangiwa said, that different payment options have been designed to enable everyone who has a source of income and livelihood to own the homes when they are completed; and they are single-digit mortgage loans with up to 30-year terms provided by the Federal Mortgage Bank of Nigeria, Rent-to-Own schemes, and Outright Purchase options for those who can afford to pay upfront.
The Minister said that performing the groundbreaking today in Katsina was extension of President Bola Ahmed Tinubu's larger vision when he launched the Renewed Hope Cities and Estates project with a 3,112 housing projects in Karsana, Abuja earlier this year.
He gave a breakdown of the project as; "Under Phase One, we plan to deliver a total of 50,000 housing units across Nigeria. The cities will have between 500 - 1,000 housing units per site in one location in each of the six geopolitical zones in the country and the FCT, while kethe estates will have 250 units per site in the remaining thirty (30) states."
On job creation, Dangiwa affirmed, "The Renewed Hope Cities and Estates Programme is designed to be a catalyst for economic growth, adfing, each housing unit is to expected to create an average of 25 direct and indirect jobs, translating to approximately 6,250 jobs for the 250 units here in Katsina alone."
The Minister also disclosed that under the ongoing Renewed Hope Cities abd Estates project, there are 12 locations and 3 cities across the country. The estates include those in Katsina, Yobe, Gombe, Abia, Nasarawa, Benue, Akwa Ibom, Delta, Sokoto, Oyo, and Osun. The cities are in Abuja, Kano, and Lagos.
Dangiwa mentioned that, in total, the grounbreaking of 1,250 housing units wil be performed across the four states of the North- west and North east, with Kano having 500 housing units, 250 units in Yobe, and another 250 units in Gombe.
According to the Minister, the funding for these projects comes from the N50 billion 2023 Supplementary Budget of the Federal Ministry of Housing and Urban Development, revealing further, the contracts for the construction of 3,500 housing units in thirteen states have been awarded which is a demonstration of President Tinubu's commitment to roll out these developments nationwide.
Commending Katsina's State Governor for providing the land promptly, Dangiwa urged other States to provide land for the projects, saying that states not covered under the 2023 Supplementary Budget will be included in the 2024 Budget.
