Nigeria's Federal Government plans to construct 2,000 additional housing units as part of the Renewed Hope Cities and Estates program, with a focus on affordable housing, local economy stimulation, and job creation.

Nigeria's Federal Government plans to construct 2,000 additional housing units in eight states as part of the Renewed Hope Cities and Estates program, bringing the total units to 6,612 since its launch in February. The program aims to provide affordable housing options for Nigerians, stimulate local economies, and promote economic growth. The housing projects offer various financing options, including single-digit and up to 30-year mortgage loans, rent-to-own options, and outright purchase for high-income earners. The construction is expected to create over 50,000 jobs and stimulate the local economy.

June 23, 2024
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