Home » Real Estate » Osinbajo inaugurates 650 housing units project in Delta
housing units

Osinbajo inaugurates 650 housing units project in Delta

Vice President, Yemi Osinbajo, on Friday, inaugurated a 650 affordable housing units comprising 192 one-bedroom, 230 two-bedroom semi-detached terrace and 228 three-bedroom bungalows near Asaba.

The VP accompanied by Governor Ifeanyi Okowa had earlier visited the Asagba of Asaba, Prof. Chicken Edozie.

READ ALSO: Estate developer boosts sector with N3.8b The Pacific Tower in Lagos

He arrived at the Housing Estate located in Aniocha North Local Government Area at about 6:30 pm, performed the ceremony and felicitated with the host community and the monarchs of the people.

Newsmen reported that the project which started in February 2018 with initial N500 billion capital was funded by the Family Homes Funds, a social housing initiative of the Federal Government.

READ ALSO: Real estate expert advises govt to focus on solving housing shortage

The fund with the initial shareholding by the Ministry of Finance Incorporated and Nigerian Sovereign Investment Authority was to raise another N800 billion from Direct Foreign Investment as partner, to finance the programme.

It was reported that the fund’s objective is to work with partners to create 500,000 new homes and 1.5 million jobs by 2023.

The fund’s current programme comprises 3,600 housing units now under construction in five locations and another further 21,600 homes to be completed across the country.

Credit: The Eagle Online

Leave a Reply

Your email address will not be published. Required fields are marked *