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Published On: Wed, Oct 28th, 2020

1000 mass housing unit to generate thousands of jobs -FHA

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By Mashe Umaru Gwamna

The managing Director/CEO Federal Housing Authority (FHA) of Sen. Gbenga Ashafa said the construction of 1000 mass housing unit in Bwari , Abuja will generate thousands of jobs for Nigerians.
Ashafa made the disclosure during the signing of Memorandum of Understanding (MoU),for the construction of 1000 housing units for low income earners.
He said FHA is delighted at the partnership with the Family Homes Funds Limited.
He said apart from the providing 300,000 homes to our people ,it will also generates thousands of jobs.”
According to him, those that will be benefit from this housing project are professional and non professional.
The MD also revealed that the project will kick start by the end of November this year.
Speaking on the funding, he explained that the project will be funded by the Family Homes Funds Limited (FHFL).
Pointing out that the land for the project was the only equity provided by FHA.
He emphasized that,the project is targeted at the low and middle income earners.
“We are looking at 1000 housing units for now, the lowest three-bedroom is going to be N3.5million according to the FHA and Federal Mortgage Bank of Nigeria (FMBN’s) discussion.
He maintained FHA is proud to be the first public agency to demonstrably key into social housing vision of Mr.President with today’s signing of a partnership agreement with FHFL as we collaborte to deliver the 1000 housing units of a laudable mass housing project.
Also,speaking Managing Director, Family Homes Funds, Femi Adewale said “We are having a partnership with the Federal Housing Authority, it has perphaps more land than anybody else for housing in this country.
And the family homes funds has a target to produce 300, 000 homes for Nigerians on low income,for that the Central Bank of Nigeria through the ministry of finance has made available an initial capital of N200billion towards the execution of that capital.
He said”we’re absolutely determined to ensure that Nigerians with low income and young people have access to homes that they can afford.
But it’s beyond what we see, this programme will also create jobs, for every home that is produced, so we’re looking at about 1.8 million jobs for young people, for women, for people who are currently out of work.
Femi added that, the programme will also accelerate local manufacturers.Some of our factories that are making doors will have an opportunity to input into the programme and become alive again by creating even more employment.
“What we want to do is to deploy some of those capital into sites that are owned by the FHA to produce homes for Nigerians on very low income.
I want to say that those homes are targeted at homes that people can buy for 2 million naira for the 1 bedroom homes, then abt 2.5, 2.75 million naira for the 2 bedroom homes and 3.5, 3.25 million naira for the 3 bedroom homes. “
“I hope that in the next couple of weeks, I will be able to invite you to a site here in Abuja, where we decided to build the sample home from complete to finished for that price,so u will have an opportunity to see it, so before then, there’s probably not much more that I can say.”
“You journalists will come and see it for yourself and to know that it costs 2 million naira. We basically decide to execute the programme on the back of partnerships with the likes of the federal housing authority but also cooperatives rather than individuals, people are been encouraged to form or join housing cooperatives where they know themselves.
“we have built control measures in place, to ensure that we have cooperatives of keke drivers, cooperatives of mechanics, cooperatives of butchers, of market women who know themselves, organise themselves, and it is through those cooperatives that the houses will be distributed”, Adewale stated.

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