Skip to main content

ONE BEDROOM FLAT IS N9.2M UNDER FG'S AFFORDABLE HOUSING SCHEME

 

FG offers one-bedroom apartment for N9.2m under ‘affordable housing scheme’

AUTHOR:When the federal government launched its National Housing Programme (NHP) and created a portal for the sale of completed houses under the scheme in November, the idea was to address housing deficit in the country and ease the burden of acquiring homes for Nigerians.

It is a programme borne out of the government’s desire to provide affordable housing for its citizenry,” information on the NHP portal reads.

The programme gives the options of mortgage, rent, and outright purchase.

Speaking on November 18 when he appeared before the senate committee on housing, Babatunde Fashola, minister of works and housing, said variation in prices according to states is as a result of the cost of building and topography 

The minister also said the cost of the structures range between “N7.2 million and about N16 million, depending on what a person wants.

The NHP portal shows that a one-bedroom bungalow goes for N9,268,751. The price is the same across states where the property type is available.

A two-bedroom bungalow sells for N12,398,460, while that of a three-bedroom costs 16,491,155.

A one-bedroom flat in a condominium available in southern states goes for N7,222,404, two-bedroom apartment costs N9,148,378, while a three-bedroom unit costs N13,241,074.

In May 2020, the National Bureau of Statistics (NBS) released its 2019 report on ‘Poverty and Inequality in Nigeria’. According to the report, 82.9 million Nigerians are living in poverty. This represents 40.1 percent of the nation’s populace.


Comments

Popular posts from this blog

Shettima Condemnns Tinubu’s Removal of Rivers Governor Fubara ...says President has no such powers.

   Shettima Condemnns Tinubu’s Removal of Rivers Governor, Fubara ...says President has no such powers. Vice-President Kashim Shettima has raised concerns over the legality of removing an elected governor without constitutional backing, in what appeared to be a veiled criticism of President Bola Tinubu’s controversial ouster of Rivers State Governor Simi Fubara in March 2025. Although the National Assembly later ratified the decision, reports alleged that lawmakers were bribed by the president’s allies. Since then, a retired military general has been acting in Fubara’s place. Speaking at a book launch in Abuja on Thursday, Shettima referenced his experience as former governor of Borno State to warn against presidential overreach. He recalled how former President Goodluck Jonathan once considered removing him, only to be advised against it by then-Speaker Aminu Tambuwal and Attorney-General Mohammed Adoke. “You do not have the power to remove a sitting governor,” Shettima quote...

Countries Accepting Nigerians Seeking Second Citizenship

  Countries Accepting Nigerians Seeking Second Citizenship Nigerians are able to access the following citizenship and immigration programs: The Caribbean Second Citizenship Programs, Caribbean nations like St. Kitts & Nevis, St. Lucia and Grenada offer second citizenship through their respective Citizenship-by-Investment programs. A holder of one of these passports may travel visa free to about 135 countries, including all European Union countries, the UK, Russia, Turkey, Singapore and Hong Kong. Holding a citizenship from one of these respected countries may also make it easier to obtain residency status or study in other countries, and allows political security and makes it easier to open bank accounts in foreign jurisdictions. To qualify, an applicant needs to be of good reputation and make a government donation of at least $100,000 USD after approval of their citizenship application.  Approval of a Citizenship-by-Investment application normally takes about 3 months, a...

EXCLUSIVE BREAST MILK IS THE BEST ONDO FIRST LADY TELLS NURSING MOTHERS AT BREASTFEEDING WEEK CELEBRATION

    Government Stresses Importance of Breast milk for Children as  Ondo State Celebrates Commencement of World Breastfeeding  Week   . ....525 nursing mothers breastfeed children. Ondo State on Friday joined the rest of Nigeria and the International Community in the celebration of 2024 World Breastfeeding Week. In a message to the event, held at the International Event Centre,  The Dome, in Akure, the First Lady, Mrs. Oluwaseun Aiyedatiwa emphasized the critical importance of initiating breastfeeding within the first hour of birth and maintaining exclusive breastfeeding for the first six months. The wife of the Governor, who was represented by Commissioner for Women Affairs, Mrs. Lola Fagbemi, reiterated that workplaces in the state are being adapted to support nursing mothers, highlighting the state's commitment to providing conducive environments for breastfeeding. She noted that Ondo State places significant priority on maternity leave for nursing ...