FG, Bauchi Govt to construct 4000 housing units for Low Income Earners
Federal Government in partnership with the Bauchi State Government is to commence fresh construction of four thousand housing units in the state worth billions of naira targeting lower income earners as beneficiaries.
The Managing Director, Family Homes Fund, Mr Femi Adewole announced this on Saturday at a partnership meeting between the State Government, Family Homes Fund and Organized Labour held at the Mini Chamber, Government House Bauchi.
Mr Femi Adewole said new housing project would be constructed under the Federal Government’s Social Housing Programme as part of government’s plan to provide people of low income with affordable accommodations.
He said the Social Housing Programme is an initiative of the Federal Government worth 200 billion naira designed to construct three hundred thousand housing units in the selected states of the federation to be funded by the Central Bank of Nigeria through the Federal Ministry of Finance.
The Managing Director said on completion of the project before subsequent hand over to beneficiaries, beneficiaries will be assisted to acess mortage loan for repayment period of about 25 years.
“It is my pleasure to be in Bauchi again to introduce the Federal government Social Housing Programme and to outline the roles of organized labour in ensuring that, citizens of Bauchi especially those who are on low income have access to the programme.”
“The programme is an opportunity for Nigerians to acess affordable houses, create job opportunities to people on low income, reviving industries through using their materials for the construction of the project and improve the general well-being of vulnerable groups.”
He noted that, the family homes fund was established by the administration of President Muhammadu Buhari as a social financing institution to mobilize financing specifically for homes which will be affordable to Nigerians.
“I am happy to report that, we are satisfied and delighted with progress of the ongoing construction of 2500 housing scheme in Bauchi which is not only to provide affordable homes for the people of Bauchi, but most significantly create job opportunities for many local people.” We want to appreciate the Governor for working with us.”
Mr Femi Adewole said in addition to the ongoing two thousand and five hundred housing scheme and the new one which will soon be commenced, the fund will continue to invest in the state throughout the tenure of the present administration.
The State Commissioner for Housing and Environment, Honorable Hamisu Muazu Shira who chaired the meeting on behalf of Governor Bala Mohammed, assured the commitment of the state government towards the immediate commencement of the new project in the state.
“We considered family homes as good partner with Bauchi state government and today we are here to discuss on the yet another opportunity that Bauchi state will leverage on to ensure that, lower income earners, respected civil servants and people of the state benefitted from this golden opportunity.”
“We must thank His Excellency, the Executive Governor of Bauchi state, Senator Bala Abdulkadir Mohammed, Kauran Bauchi for the interest for the wellbeing of his people especially the vulnerable groups.”
The State NLC Chairman, Comrade Danjuma Saleh who spoke on behalf of the organized labour, applauded the state government for partnering with the federal government for the construction of new four thousand housing units in the state.