Construction of the 2500 affordable housing units project in Bauchi State, Nigeria is set to commence. Bauchi State Commissioner for Environment and Housing, Honourable Hamisu Muazu Shira made the announcement and said that the federal government will soon release the project’s funds to the state government.
“About 90% of of the preparations for the take off of the project have been completed. The government is expected to release US $16m out of the US $33m for the commencement the project in the state,” said Honourable Hamisu.
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Affordable housing project
The housing project will be executed across the six emirate councils. According to the United Nations, Nigeria stands at a 180 million population with an annual growth rate of 3% as of 2015 and an urban population growth rate of 5%. Family Home Fund (FHF), is the corporate handing the development
Minister of State, Works and Housing Abubakar Aliyu said that his administration decided to support the project to address accommodation problem in the state and the Federal Government’s target is to cut the 20 million housing deficit in the country by 2033.
Data from the World Bank and the National Bureau of Statistics states that there is a 17 million housing deficit in Nigeria.Globally, 1.6 billion people live in sub standard housing according to UN statistics. In Nigeria, over 100 million of its 180 million citizens live in substandard housing.
Currently, about 3,000 to 6,000 affordable housing are under construction in Nigeria with 1,400 houses in Nassarawa. Mr. Adeyemi Dipeolu, the Special Adviser to the President on Economic said that with hope of Nigerians accessing the housing units under the affordability index, the the Ministry of Power, Works and Housing has managed to complete more than 2,000 houses in 72 units across Nigeria.
