The Federal Ministry of Works and Housing, will implement it, with Federal Mortgage Bank of Nigeria (FMBN) and Federal Housing Authority (FHA). Housing Osinbajo HousingScheme Nigeria
The scheme is part of the Nigeria Economic Sustainability Plan by the Vice President Yemi Osinbajo-led Economic Sustainability Committee, estimated to cost N317 billion and create 1.8 million jobs as well as provide at least 1.5 million homes for Nigerian families.
In their varied opinions, the organisations – Association of Housing Corporations of Nigeria , Real Estate Developers Association and NISH Affordable Housing Limited welcome the development. In their position, AHCN president, Dr. Victor Onukwugha said, saddling the ministry to execute these proposed houses as enumerated in the plan is unnecessary.
According to him, “these corporations have lands in all their local governments which will assist in getting lands for the execution of the project at the local government levels. Apart from the above factor, it is easier for state housing agencies to get land allocation from their governors for mass housing than the federal government calling for such allocation.”
The Chairman, REDAN Board of trustees, Prince Oluseyi Lufadeju told The Guardian that implementation of the programme should ensure proper coordination of efforts by all concerned stakeholders, both public, private and informal sectors.
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