FG begins construction of 250 housing units in Ibadan

The News Agency of Nigeria reports that the estate was situated at the defunct Inland Container Dry Port, Erunmu, Ibadan.

The News Agency of Nigeria reports that the estate comprises 50 one-bedroom semi-detached bungalows, 150 two-bedroom semi-detached bungalows, and 50 three-bedroom semi-detached bungalows. “These include single-digit mortgage loans that beneficiaries can repay over 30 years, rent-to-own schemes provided by the Federal Mortgage Bank of Nigeria and outright purchase options for those who can afford to pay upfront,” he said.

He said that providing land in a good location by Oyo State Government at no cost was a key condition for the siting of the renewed Hope housing project in the state.“I want to assure you that states that have not been covered will be included in the ministry’s 2024 budget on a first-come, first-served basis, on the condition that they provide land at no cost to enhance affordability,” he said.

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