The Buhari-led administration will soon introduce
an affordable housing scheme that will transform
thousands of Nigerian tenants to proud owners of
houses and plots of land, says the presidency.
A twelve-man ministerial committee has been
inaugurated by the federal government to look into
the issue of affordable housing in Nigeria.
Garba Shehu, special aide to the president said the
scheme will operate through the mortgage banking
system as part of the programmes meant to uplift
the quality of lives of the Nigerian citizens.
Shehu said that the Buhari-led administration had
so far released N74 billion as part of capital
allocations in the last three months.
“Most of our road contractors had not been paid
since 2012, many of them had sent their workers
away adding to the unemployment problem.
“This government has released capital allocations
in the last three months that is more than the
whole of 2015.
“In 2015 Nigeria spent a paltry N19 billion on
roads, in three months we have spent N74 billion
and we are already releasing more.” Shehu said.
Shehu said: “No government has ever considered
the poor like this one. Under the current budget,
the administration devoted N500 billion for social
intervention programmes for those who need and
He said that the Buhari-led administration had so
far released N74b as part of capital allocations in
the last three months.
According to the senior special adviser to the
President on media and publicity, more of the
capital allocations will soon be released to
revitalise the economy.