Cement manufacturers have agreed with the Federal Government to
charge a discount price for the construction of houses under the
Economic Sustainability Plan (ESP), the presidency has
revealed.
![image](/2020/10/lawreport.jpg")
A statement issued in Abuja, on Sunday, by Vice President Yemi
Osinbajo’s spokesman, Laolu Akande, said the gesture is part of its
determination to ensure the success of the Social Housing scheme
meant to construct 300,000 houses under the ESP for low income
earning Nigerians.
![image](/2020/10/NWLRland.jpg")
The statement said this was disclosed by Osinbajo over the
weekend while visiting the completed model houses in Dei Dei at the
Federal Capital Territory (FCT).
It said the Vice President expressed confidence in the
possibility to deliver decent and affordable accommodation that
will be within the reach of many Nigerians.
Osinbajo noted the contributions of major cement manufacturers
in the country towards the success of the programme.
“They have agreed to give cement for this project at a
considerable discount which is a very helpful thing to do and we
really commend and thank them for the contributions they are
making, it is a very patriotic thing on their part. They also see
the importance of this Mass Housing Programme,” the statement
quoted him as saying.
The Vice President noted that “on the average, anybody who is
earning N30,000 a month and is ready to spend a third of that
amount, will be able to afford one of these houses, that is the
plan. What I have seen so far, there is a one-bedroom unit and
there is a two-bedroom unit, both coming under N2 million.
“I think that this is a very good thing indeed. And a point has
been made that it is possible to build good, decent accommodation
that isn’t out of the reach of practically everyone.”
Commenting on the implementation of the scheme across the
country, the Vice President assured that the Mass Housing Programme
will be provided across the country.
Osinbajo said: “We are hoping that we will be able to replicate
this not just in Abuja but all over the country. So far, the Family
Homes Fund is in 11 States, and they have given up land for the
project.
“We are hoping that this year, we will be able to very rapidly
improve the scale and speed of putting these houses in place. Once
we are able to get moving quickly, we think we can make available
several thousands of houses across the country and more people can
afford to live in such houses.”
The Vice President noted that the job creation component of the
Economic Sustainability Plan (ESP) would also be actualized through
the Social Housing Scheme.
His words: “Also important is the job creation aspect of it. You
have young men and women who are builders, architects, civil
engineers working on this project. We are hoping that a lot of the
building materials will be locally fabricated especially the
windows, doors and other components of the houses.”
According to the statement, under the ESP, the Federal
Government has mandated the Central Bank to provide financing for
the housing scheme and a N200B facility has been approved as the
first tranche already.
It informed that there would also be “Rent to Own” option as
part of the administration’s resolve to impact the common man in
this social housing plan expected to generate 1.8m jobs and deliver
houses to about 1.5m Nigerian families.
Cement manufacturers have agreed with the Federal Government to
charge a discount price for the construction of houses under the
Economic Sustainability Plan (ESP), the presidency has
revealed.
A statement issued in Abuja, on Sunday, by Vice President Yemi
Osinbajo’s spokesman, Laolu Akande, said the gesture is part of its
determination to ensure the success of the Social Housing scheme
meant to construct 300,000 houses under the ESP for low income
earning Nigerians.
The statement said this was disclosed by Osinbajo over the
weekend while visiting the completed model houses in Dei Dei at the
Federal Capital Territory (FCT).
It said the Vice President expressed confidence in the
possibility to deliver decent and affordable accommodation that
will be within the reach of many Nigerians.
Osinbajo noted the contributions of major cement manufacturers
in the country towards the success of the programme.
“They have agreed to give cement for this project at a
considerable discount which is a very helpful thing to do and we
really commend and thank them for the contributions they are
making, it is a very patriotic thing on their part. They also see
the importance of this Mass Housing Programme,” the statement
quoted him as saying.
The Vice President noted that “on the average, anybody who is
earning N30,000 a month and is ready to spend a third of that
amount, will be able to afford one of these houses, that is the
plan. What I have seen so far, there is a one-bedroom unit and
there is a two-bedroom unit, both coming under N2 million.
“I think that this is a very good thing indeed. And a point has
been made that it is possible to build good, decent accommodation
that isn’t out of the reach of practically everyone.”
Commenting on the implementation of the scheme across the
country, the Vice President assured that the Mass Housing Programme
will be provided across the country.
Osinbajo said: “We are hoping that we will be able to replicate
this not just in Abuja but all over the country. So far, the Family
Homes Fund is in 11 States, and they have given up land for the
project.
“We are hoping that this year, we will be able to very rapidly
improve the scale and speed of putting these houses in place. Once
we are able to get moving quickly, we think we can make available
several thousands of houses across the country and more people can
afford to live in such houses.”
The Vice President noted that the job creation component of the
Economic Sustainability Plan (ESP) would also be actualized through
the Social Housing Scheme.
His words: “Also important is the job creation aspect of it. You
have young men and women who are builders, architects, civil
engineers working on this project. We are hoping that a lot of the
building materials will be locally fabricated especially the
windows, doors and other components of the houses.”
According to the statement, under the ESP, the Federal
Government has mandated the Central Bank to provide financing for
the housing scheme and a N200B facility has been approved as the
first tranche already.
It informed that there would also be “Rent to Own” option as
part of the administration’s resolve to impact the common man in
this social housing plan expected to generate 1.8m jobs and deliver
houses to about 1.5m Nigerian families.