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.
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.
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.