FG Doles Out N9bn For 550 Low-cost Houses
The minister of power works, and housing, Babatunde Fashola. Twitter

The Federal Government has said it has released N9 billion for the building of 550 low-cost houses in Zuba, a suburb of the Federal Capital Territory, Abuja.

Concise News gathered that the project is the pilot phase and would be carried out across all state capitals.

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This was revealed by the Managing Director/Chief Executive Officer of the Federal Housing Authority (FHA) Mohammed Al-Amin in Abuja after an inspection at the construction site of the pilot project in Zuba.

“This project started 14 weeks ago. It is a mixture of one, two and three-bedroom houses and flats,” Al-Min said.

“A total of 550 houses are to be produced there. In every site is a direct stage of construction and we are expecting to invest N9bn in the project. Already, we have this money in our account.

“Government has given us this money and we are releasing it according to the dictates of the Public Procurement Act.

“This is not the only place in Abuja that we are building such a project. We have opened Kwali and in the next two weeks, we are going to open another in Lugbe. These are for low-income earners in Abuja.”

He added that “the Zuba housing project is created to be a pilot project of what is called Buhari Bricks, and this essentially entails having houses for all categories of Nigerians. For low income earners or those in the informal sector, we have what is called the Family Home Fund.

“This fund is being administered by the Office of the Vice President and the Federal Ministry of Finance.

“In this fund, once you can afford to contribute N30,000 monthly, then you get into the process of owning one of the buildings as far as you meet the stipulated criteria.”

He said, “The second aspect of it is for those who have jobs higher than those in the N30,000 monthly contribution category, and they need houses and keep migrating into our cities across the country.”