STATE HOUSE PRESS RELEASE 

*OFFICE OF THE VICE PRESIDENT*

*FG, CEMENT MANUFACTURERS AGREE ON DISCOUNT CHARGE FOR ESP 300,000 SOCIAL HOUSING UNITS*
 

*Osinbajo commends contribution of major cement producers

*Adds: It is possible to deliver decent, affordable housing for Nigerians
 
As part of its determination to ensure the success of the Social Housing scheme where the Buhari administration will construct 300,000 houses under the Economic Sustainability Plan (ESP), for low income earning Nigerians, cement manufacturers have agreed with the Federal Government to charge discount price.
 
Making the disclosure over the weekend while visiting the completed model houses in Dei Dei at the Federal Capital Territory, Vice President Yemi Osinbajo, SAN, affirmed it is indeed possible to deliver decent and affordable accommodation that will be within the reach of many Nigerians.
 
Answering reporters' questions after the visit to one of the construction sites of the Social Housing scheme, the VP noted the contributions of major cement manufacturers in the country towards the success of the programme.
 
According to him, “they have agreed to give cement for this project at considerable discount which is a very helpful thing to do and we really commend and thank them for the contributions they are making, it is a very patriotic thing on their part. They also see the importance of this Mass Housing Programme.”
 
After seeing the prototypes of the one-bedroom and two-bedroom bungalows, Prof. Osinbajo expressed satisfaction with the quality of the design and the fact that the houses are very affordable.
 
The Vice President noted that, “on the average, anybody who is earning N30,000 a month and is ready to spend a third of that amount, will be able to afford one of these houses, that is the plan. What I have seen so far, there is a one-bedroom unit and there is a two-bedroom unit, both coming under N2 million.
 
“I think that this is a very good thing indeed. And a point has been made that it is possible to build good, decent accommodation that isn’t out of the reach of practically everyone.”
 
Commenting on the implementation of the scheme across the country, the Vice President assured that the Mass Housing Programme will be provided across the country.
 
Prof. Osinbajo said, “we are hoping that we will be able to replicate this not just in Abuja but all over the country. So far, the Family Homes Fund is in 11 States, and they have given up land for the project.
 
“We are hoping that this year, we will be able to very rapidly improve the scale and speed of putting these houses in place.  Once we are able to get moving quickly, we think we can make available several thousands of houses across the country and more people can afford to live in such houses.”
 
The Vice President noted that the job creation component of the Economic Sustainability Plan (ESP) would also be actualized through Social Housing Scheme.
 
His words: “Also important is the job creation aspect of it. You have young men and women who are builders, architects, civil engineers working on this project. We are hoping that a lot of the building materials will be locally fabricated especially the windows, doors and other components of the houses.”
 
The social housing scheme of Buhari administration is an important aspect of the plan by the Federal Government to address the housing needs in the country by building thousands of low-cost houses and in the process create wealth and jobs for youths that will be engaged in the construction of the houses.
 
Under the ESP, the Federal Government has mandated the Central Bank to provide financing for the housing scheme and a N200B facility has been approved as the first tranche already.
 
There would also be Rent to Own option as part of the administration's resolve to impact the common man in this social housing plan expected to generate 1.8m jobs and deliver houses to about 1.5m Nigerian families.
 
The implementing agency, Family Homes Fund (FHF) Ltd, an agency under the Federal Ministry of Finance, has already mobilized thousands of Cooperative groups across the country who will participate in the Social Housing plan as the main warehouse agents and also mobilize the low-income buyers. For instance, FHF has met with 93 Cooperative Leaders from the 6 geographical zones, under the aegis of the Co-Operatives Federation of Nigeria.
 
Individuals who do not belong to cooperatives have not been left out as they can also apply through the portal: www.nshp.gov.ng.
 
*Laolu Akande*
Senior Special Assistant to the President on Media & Publicity
Office of the Vice President
3rd January, 2021

A great step by the likes of Dangote, BUA, Lafarge and others, this will ensure realisation of the project because cement alone gulp about 40% of the materials required for the completion; other materials dealers follow suit. Most importantly, those for need the houses get them.

A great move if you ask me

Giving out cement at a discount rate will make the project faster and reduce cost.

The social housing scheme of Buhari administration is an important aspect of the plan by the Federal Government to address the housing needs in the country by building thousands of low-cost houses and in the process create wealth and jobs for youths that will be engaged in the construction of the houses.

Nigerians like myself would understand where my skepticism is coming from.

Pardon me if I don’t rush to celebrate any News from this Administration—or the previous ones before them. In Nigeria, the system that sees the light of the day is “knowmenocrazy.”

“If you know me, you no go craze.”

Check around. The rich and comfortable are the ones not bearing the brunt of this administration. Especially the ones that know somebody.

Don’t take it from my mouth, but these so-called housing units, by the time they are done; the director of the scheme would first reserve twenty units that he:she would rent out, the State commisioner for works would distribute two to his side-chicks, before it even goes into the hands of the project distributors who would tell you to find them twenty percent of their salaries before inputing your name on the list for consideration.

I’m no longer excited about the news of any establishment—Rightfully so. As you should too.

This country know where you stand because the person wey dey follow you talk fit don already secure him own pocket, and you’d be thinking he’s a patriotic citizen.

Only in an African country would an anti-capitalist, state empowered oligarch be celebrated as the richest and most succesful man. But let me keep quiet. After all what do I know.

But wait o, how cement take reach 4000+ and no one is bothered

It is well

The Vice President noted that, “on the average, anybody who is earning N30,000 a month and is ready to spend a third of that amount, will be able to afford one of these houses, that is the plan. What I have seen so far, there is a one-bedroom unit and there is a two-bedroom unit, both coming under N2 million.
 

Very Good news.

Slow and steady we will get to a better Nigeria.

God bless Nigeria.

ProGraphix337:
It is well

.....even in the well!

I wish I can get one of those houses, my landlord is using me to cash out......

This is brilliant......

See the house like shop

nice gesture for me

I didn't see the discount and the new Price of cement

Just 300,000 "low cost" houses that poor Nigerians can't still buy?

But those sharks can't discount for millions of landlords in Nigeria who spend a lot to build.

Issokay

This government is working real hard to make life better for Nigerians

Nbotee:
But wait o, how cement take reach 4000+ and no one is bothered

People are bothered but fear won’t make them speak out. Ordinary endsars see as dem kill people

Oh our idiocy is killing me....is this even supposed to be news?

More like OH FLOWER MILLS HAS AGREED TO GIVE NASCO BISCUITS discount in the flowers they will use in manufacturing their biscuits(NOT A DISCOUNT IN THE FLOWERS THE PUBLIC WILL CONSUME) which Nigerians will in turn buy the biscuit and eat. For christ sake this is a business agreement between federal government and cement manufacturers they want to patronise....how is it news that nigerians will be jubilating about....HAS YOUR BRAINS GONE THIS POOR?

If you stay long in Nigeria you will TURN!...YOU WILL START THINKING LIKE THEM

GOD IN MY NEXT LIFE DON'T PUT ANYWHERE NEAR AFRICA.....I TAKE GOD BEG YOU

Let started it first because this government I no believe am.

ebere89:
nice gesture for me

We wish you all the very best as you key into this laudable project.
Happy New Year!

ohosi4real:
Let started it first because this government I no believe am.

Na so you and the doubters like you dey miss good things.
Some are still having their hands in their heads for missing the half a million naira loans for youths with working brain.

Make u continue dey shout na lie, na lie till this year goes by again......okay?

This is a very good development, I just pray they don't politicise it or embezzle the money for the project

Hope cement will be generally cheap in the Nigeria market not just for FG alone

post=97701890:

We wish you all the very best as you key into this laudable project.
Happy New Year!

This is a new year Liz.

Don't do a BMC job with an asun caterer moniker before you confuse thunder.

God bless Nigeria.

Onlinesmart:
Osinbajo 2023

Yesssss oooooo