Home Nigerian news Osinbajo inaugurates 650 housing units project in Delta

Osinbajo inaugurates 650 housing units project in Delta

He arrived the Housing Estate located in Aniocha North Llcal Government Area at about 6:30 pm, performed the ceremony and felicitated with the host community and the monarchs of the people.

The News Agency of Nigeria (NAN) reports that the project which was started in February 2018 with initial N500 billion capital was funded by the Family Homes Funds, a social housing initiative of the Federal Government.

The fund with the initial share holding by the Ministry of Finance Incorporated (MOFI) and Nigerian Sovereign Investment Authority (NSIA),was to raise another N800 billion from Direct Foreign Investment (DFI) as partner, to finance the programme.

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NAN reports that the fund’s objective is to work with partners to create 500,000 new homes and 1.5 million jobs by 2023.

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The fund’s current programme comprises 3,600 housing units now under construction in five locations and another further 21,600 homes to be completed across the country. 

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