Federal Government Awards Contracts for Renewed Hope Cities and Estates Nationwide

The Minister of Housing and Urban Development, Arc Ahmed Musa Dangiwa, has announced that the Federal Government has awarded contracts for the construction of Renewed Hope Cities and Estates in 12 states across Nigeria, as part of efforts to address the country’s housing deficit.

Dangiwa made this disclosure during a meeting with members of the Renewed Hope Multipurpose Cooperative Society Limited at his office on Wednesday. He revealed that contractors have been mobilized to sites to commence the construction of a minimum of 250 affordable and sustainable houses in various configurations, including 1, 2, and 3-bedroom units.

“We have already awarded the contract for the Renewed Hope Cities and Estates in 12 states nationwide, two states per geopolitical zone, and contractors have already been mobilized on sites to build a minimum of 250 houses that are affordable and organic in 1, 2, 3 bedrooms,” Dangiwa stated.

The housing minister reiterated the Federal Government’s commitment to facilitating cooperative society members’ ownership of houses within the planned 50,000 housing units under the Renewed Hope Cities and Estates program. He also emphasized the option for cooperative society members to participate in the National Housing Programme, which has already delivered houses in over 20 states.

Here are key details to note about the Renewed Hope Cities and Estates program:

• Spearheaded by President Bola Ahmed Tinubu’s administration, the program aims to address Nigeria’s housing deficit by delivering 100,000 housing units nationwide.
• President Tinubu launched the first phase of the program with the construction of 3,112 housing units in Karsana District, Phase 3, Federal Capital Territory, slated to provide 50,000 houses out of the total 100,000 nationwide.
• The Federal Government, through the Ministry of Housing, will collaborate with reputable companies, Continental Civil and General Construction Limited and Ceezali Limited, for this initiative.
• Each Renewed Hope City is designed to feature a minimum of 1,000 housing units per site within a single location in each of Nigeria’s six geopolitical zones, including the Federal Capital Territory (FCT).
• Renewed Hope Estates are expected to comprise a minimum of 500 housing units per site across the remaining 30 states.
• The program will operate on a cross-subsidy model, with 80% of the housing units sold at commercial rates and the remaining 20% offered at concessional rates to low- and medium-income Nigerians associated with the Nigeria Labour Congress and the Trade Union Congress.

The Federal Government’s initiative aims to provide affordable and sustainable housing solutions to Nigerians, addressing a critical need and contributing to national development.

Credit: @Nairametrics