Nigeria's independent online newspaper
Housing is a corporeal, psychological, and social need. It is not only a rudimentary component of existence but also an apodictic facet of human dignity. It is as essential as life. Nigeria does have a challenge of affordable housing. The enormity of the challenge is even more perturbing when our steadily rising population is thrown into the dialectics of demography and poverty.
It was in full apprehension of the fundamentality of housing that the president decoupled the ministry of housing and urban development from the ministry of power. This was primarily to ensure efficiency, and timely delivery, and to eliminate unwieldiness.The president launched the construction of the Renewed Hope Cities and Estates in February 2024 with 3,112 housing units in Karsana, Abuja, and a string of analogous projects across the country.
– Renewed Hope Cities: These are larger urban projects which are being developed in the FCT , Kano , and Lagos , with additional cities planned in Enugu, Borno, Rivers, and Nasarawa. The goal is to build at least one Renewed Hope City in each geo-political zone of the country and the FCT. – A one-bedroom apartment at the Renewed Hope City in Karsana, built under a PPP model, costs about N22 million, while a similar unit under the Renewed Hope Estates, funded through budgetary allocations, costs approximately N8–9 million.– To streamline and ensure easy, transparent, and convenient access to the homes the Renewed Hope Online Housing Delivery Portal has been developed.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shippers council: Nigeria loses $500m yearly due to delay in implementing cargo tracking contractThe Nigeria Shippers Council (NSC) says the delay in implementing the international cargo tracking note (ICTN) costs $500 million annually.
Read more »
Cargo Tracking Contract: How delayed execution cost Nigeria $500m annually — Shippers’ CouncilNigeria has lost almost $2.5 billion within the last five years due to delayed implementation of the cargo inspection contract, says the shippers' council.
Read more »
A thousand naira for freedom on Nigeria’s Third Mainland bridge, By Babafemi A. BadejoPremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »
Friday Sermon: Fear Allah, voting is an amanah (trust), By Murtadha GusauPremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »
NPFL Preview: Oriental derby in Umuahia, two Northern derbies as Rangers aim for recoveryPremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »
Friday Sermon: The importance of planting trees in Islam, By Murtadha GusauPremium Times - Nigeria'bs leading online newspaper, delivering breaking news and deep investigative reports from Nigeria
Read more »