• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, July 30, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

2025 Budget: Minister Seeks More Funds For Renewed Hope Cities, Others

by Samson Elijah
6 months ago
in News
Renewed Hope
Share on WhatsAppShare on FacebookShare on XTelegram

The Minister of Housing and Urban Development, Ahmed Dangiwa, is seeking more funds for seven critical housing sector programmes.

Advertisement

He said these projects include the Renewed Hope Cities and Estates Housing Programme, Slump Upgrading and Urban Renewal Programme, and others.

Dangiwa called during the budget defence session of the Senate Committee on Housing, held on Monday at the National Assembly Complex.

“I request that the Distinguished Chairman and Members of this critical Committee use their good offices to increase the budgetary allocation in several key areas.

“This is because these areas are critical to Mr President’s transformative policies and programmes to put the economy on the path of recovery and growth.

RELATED

National Credit Guarantee Firm Begins Operations With N100bn Capital

National Credit Guarantee Firm Begins Operations With N100bn Capital

37 seconds ago
Transcorp Power Lists 7.5bn Shares By Introduction, Seeks N1.8trn Capitalisation

Transcorp Group Grows Pre-tax Profit To N85.7bn

3 minutes ago

“It is pertinent to state here that in the 2024 fiscal year, the sum of N162.609 billion was allocated to our Ministry, which amount was considered inadequate.

“Yet, we have been given an envelope of

N83.752 billion is the Ministry’s Capital Budget Ceiling for 2025, which is a far cry from even the 2024 Appropriation. ”

He said the Renewed Hope Cities and Estates Housing Programme was designed to stimulate economic growth.

“The construction and development of these new areas will generate employment opportunities, stimulate local businesses and attract investments.

“The 50,000 units planned to deliver under phase I will create 1 250 000 direct and indirect construction jobs for Architects, Engineers, plumbers, iron benders, masons, etc

“This is in addition to the value chain effect of purchase, supply of building materials and other businesses.

“We have covered 12 States and would like to cover 18 at 250 units per site. The amount needed to achieve this is N108 N6 billion per state.

He said the “Slump Upgrading and Urban Renewal Programme” also required increased budgetary allocation.

“Currently, there are ongoing programmes in four states in each geopolitical zone, including FCT.

“This means four sites in four states of each geopolitical zone, including four sites in FCT, bringing the total to 100. At least N100 billion is needed for better results,” he said.

Dangiwa further said that the ministry was exposed to huge liabilities arising from projects completed, duly certified for payments before the end of the budgetary year but not paid due to limited time.

“There is the need to make adequate provisions for liabilities to enable the ministry to reduce the number of liabilities it is exposed to.

“The Ministry has over N92 billion liabilities but would need nothing less than N60 billion in the 2025 Budget to reduce the exposure,” Dangiwa said.

In his remarks, Sen. Aminu Tambuwal, Chairman of the Senate Committee on Housing, assured the minister of his support for tackling the issue of incurred liabilities.

“We will support you by working together to see how best we can approach the Minister of Finance, the budget office, and even the Presidency.

“How best we can get this debt relief on the part of the ministry and the part of our contractors.”


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: Arc. Ahmed Musa Dangiwa
SendShareTweetShare
Previous Post

Deputy Speaker Kalu Pledges Support For Initiatives To Boost Education

Next Post

Brazen Trend Of Kidnapping

Samson Elijah

Samson Elijah

You May Like

National Credit Guarantee Firm Begins Operations With N100bn Capital
Business

National Credit Guarantee Firm Begins Operations With N100bn Capital

2025/07/30
Transcorp Power Lists 7.5bn Shares By Introduction, Seeks N1.8trn Capitalisation
Business

Transcorp Group Grows Pre-tax Profit To N85.7bn

2025/07/30
Osogbo Monarch Hails Orijin’s Cultural Authenticity
News

Osogbo Monarch Hails Orijin’s Cultural Authenticity

2025/07/30
Tinubu Names Abubakar Dantosho MD Of NPA
News

Translate Marine Advantages To Economic Prosperity, Dantsoho Tells African Countries

2025/07/30
Stockbrokers To Launch First Book, Documentary On Nigerian Capital Market
News

CIS President Urges FG To Strengthen Ecosystem For Economic Growth

2025/07/30
CAC Launches AI Portal For 30-Minute Business Registration
Business

CAC To Delist 100,000 Dormant Companies, Gives 90-day Ultimatum

2025/07/30
Leadership Conference advertisement

LATEST

National Credit Guarantee Firm Begins Operations With N100bn Capital

Transcorp Group Grows Pre-tax Profit To N85.7bn

Osogbo Monarch Hails Orijin’s Cultural Authenticity

Translate Marine Advantages To Economic Prosperity, Dantsoho Tells African Countries

CIS President Urges FG To Strengthen Ecosystem For Economic Growth

CAC To Delist 100,000 Dormant Companies, Gives 90-day Ultimatum

Lagos Electricity Outage: Alternative Energy Cost May Hit N2trn By Year-end, Warns OPS

Anambra 2025: I Will Represent Commoners -AA Candidate

Construction of CNG Conversion Stations On Course–Delta Govt

NSCDC Asks Ebonyi Residents To Leave Flood-prone Areas

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.