Nigeria to begin construction of Diaspora city in Abuja

Nigeria to begin construction of Diaspora city in Abuja

Nigeria is set to commence construction of diaspora city in Abuja. The Managing Director/CEO, Federal Housing Authority (FHA), Prof. Mohammed Al-Amin revealed the report and said that the diaspora city will be be sited on 750 hectares of land in Kabuzu-Maitama II district.

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Diaspora city

Prof. Mohammed Al-Amin explained that the project is a strategy to attract Foreign Direct Investments (FDI) and boost job creation and access to housing schemes for Nigerians in the Diaspora.

“FHA made a case for legal means of channeling the funds for local investments  rather than allow offshore funds to go into the black-market in the country and t was approved so we chose seven cities for the project. They are Abuja, Lagos, Port Harcourt, Benin, Kaduna, Enugu and Kano,” said Prof. Mohammed.

Nigerians in Diaspora constitute a very important Segment of the nations workforce and a veritable source of foreign exchange earning to the nation. It is estimated that over US $20bn in cash and goods emanates from Nigerian diaspora population in to the country annually.
The diaspora phenomenon is a global mechanism for people to travel and work outside their country of origin with the view to generating adequate resources to support a sustainable living on their return from the diaspora. One of the first focus of diaspora
citizens globally is to secure a descent accommodation in areas of their choice in their motherland.

The project will involve construction of 30,000 mass housing. It is expected to be completed in 20 to 30 months. Gonto pointed out that plans were underway for road shows in parts of Europe and Asia in partnership with Nigerian in Diaspora Organisation (NIDO) as part of efforts geared toward attracting foreign investors into the country.

 

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