Federal government has promised to complete 1,000 affordable housing units in Ibadan, Oyo State as part of a larger initiative to address the national housing deficit.
The Federal Housing Authority (FHA) managing director, Hon. Oyetunde Ojo, made the promise at the commissioning of 100 units of two-and three-bedroom houses at the FHA Estate in Ajoda, Ibadan. He said the feat marked the first phase of a proposed 1,000-unit housing project in the area.
According to him, the development is in line with the Renewed Hope mandate given to the agency by President Bola Tinubu when its current leadership was appointed in February 2024.
“He gave us a marching order to renew the hope of Nigerians by delivering affordable housing for all.
“This place has been abandoned since 2018. We are here to correct what went wrong. This is just Phase. We still have 900 more units to deliver,” he said.
Ojo said the project would prioritise all Nigerians, including the informal sector, in subsequent phases.
“The informal sector must also benefit. They even have more resources than the formal sector. Nothing stops us from allocating 100 to 150 units to them,” he said, adding that studio apartments are also being planned for young Nigerians starting life.
He assured residents of adequate security, and called on the Federal Mortgage Bank to step up public awareness on mortgage options available for prospective homeowners.
“We won’t disappoint Nigerians or Mr President. Under our administration, no project will be abandoned.
Ibadan will get the full 1,000 units,” he declared.
To demonstrate appreciation for the traditional institutions that he said provided the land, Ojo announced the allocation of a two-bedroom unit each to the Alajia of Ajia, Oba Akinsola Oladepo, and the Onisade of Isade, Oba Saliu Oguntayo, on behalf of the president.
Earlier, Engr Remi Omowaiye, FHA executive director of Project Implementation and Chairman of the Commissioning Committee, said the agency was embarking on similar affordable housing schemes in 17 states.
“The next commissioning will be in Abuja this August,” he disclosed.
Also speaking, the managing director of the Federal Mortgage Bank, Alhaji Shehu Usman Osidi, said Nigerians could access mortgage facilities at six per cent interest for up to 30 years.
“It’s open to all Nigerians. Just walk into any of our branches to pick a form. We have zero tolerance for corruption,” Osidi said.
The representative of Greenwood Construction and Equipment Leasing Nigeria Limited, the property’s developer, Mr. Ige Ayeni, praised Tinubu’s commitment to housing for all.
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