FG Proposes N141 Billion For Housing In 2017 Budget

The Federal Government has proposed to commit N100 billion toward a new Social Housing Programme and another N41 billion for federal government National Housing Programme, Minister of Budget and National Planning, Senator Udoma Udo Udoma announced  at the public presentation of details of the 2017 budget proposals in Abuja on Monday.

 

The drive to construct thousands of houses nationwide by the federal government and private developers was aimed at narrowing the housing deficit in the country and was in line with the focus of the budget on providing infrastructure.

 

Under the Social Housing Programme, which would be funded through a N1trillion fund, thousands affordable houses would be constructed throughout the country.

Recently, the Minister of Finance launched a N13 billion mortgage refinancing fund to support the financing of house ownership for civil servants in the country

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