*programme to gulp N200bn
By, MOHAMMED KAWU, Bauchi
Federal Government in partnership with the Bauchi State Government is to commence the construction of 4,000 housing units in the state, with low income earners as main target beneficiaries.
The Managing Director, Family Homes Fund, Mr. Femi Adewole at the weekend announced the partnership arrangement during a meeting between the State Government, Family Homes Fund and Organized Labour held at Government House, Bauchi.
Mr. Femi Adewole, who did not give the financial implication of the Bauchi project, 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 that the Social Housing Programme is an initiative of the Federal Government worth N200 billion 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 explained that on completion of the project before subsequent hand over to beneficiaries, beneficiaries will be assisted to access mortgage loan with a repayment period of about 25 years.
Adewale told the meeting, “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 access 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”.
The Managing Director further explained that 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 2, 500 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 that the ongoing two 2, 500 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 the 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 4, 000 housing units in the state.