


DRIVING NIGERIA’S FUTURE: CELEBRATING TWO YEARS OF TRANSFORMATIVE LEADERSHIP AND THE LAGOS-CALABAR COASTAL HIGHWAY MILESTONE In a historic ceremony marking the successful completion of two years in office by President Bola Ahmed Tinubu, GCFR, the Federal Government officially commissioned the completed 30-kilometre portion of the 40.7- kilometre Lagos-Calabar Coastal Highway, Phase 1, Section I and several others, as well as flagged off the construction of new roads, in the Southern region, symbolically. The event, which was held in Lagos on Saturday, 31st May 2025, was performed by His Excellency, President Bola Ahmed Tinubu, GCFR. It brought together eminent government officials including; the President of the Senate, Sen. Godswill Akpabio, GCON, the Secretary to the Government of the Federation (SGF), Sen. George Akume the Governors of Lagos, Ogun, Borno, Imo, Bayelsa, Kogi and Edo States, Captains of Industry, Contractors, Traditional Rulers and other Stakeholders Honourable Minister of Works, Engr. David Umahi, CON, FNSE, FNATE; the Minister of State for Works, Bello M. Goronyo, Esq; Governors Hope Uzodinma of Imo State and Dapo Abiodun of Ogun State; Senator Godswill Akpabio; and other distinguished guests. In his opening remarks, President Bola Ahmed Tinubu, GCFR reflected on the bold strides made during his two years in office, under the Renewed Hope Agenda. He identified the Lagos-Calabar Coastal Highway as a flagship project that encapsulates the commitment to infrastructure development as a driver of economic transformation. Despite initial skepticism, the project has become a beacon of progress, connecting nine coastal states of Lagos, Ogun, Ondo, Delta, Edo, Bayelsa, Rivers, Akwa Ibom, and Cross River. It is projected to contribute up to US$12 billion annually to Nigeria’s GDP within its first decade. The President emphasised that the project will ease transportation, reduce costs of travel and vehicle maintenance, as well as travel time, and drive growth across agriculture, industry, tourism, marine, and commerce while creating thousands of jobs and expanding opportunities for Nigerians. He described the progress as clear evidence of purposeful leadership delivering tangible results. Speaking, the Honourable Minister of Works, Sen. (Engr.) David Umahi, CON, praised the scope and significance of the project, describing the highway as a game-changer that not only connects nine littoral states but also unlocks vital trade and industrial corridors. He echoed the anticipated economic impact, reaffirming that the project will reduce transportation costs, shorten travel times, stimulate local economies, and create extensive employment opportunities for Nigerians. He appreciated the President for the vision and leadership, the Federal Executive Council (FEC) for its consideration and approval and the Minister of Finance for providing the counterpart funding. The Minister of State for Works, Hon. Bello Muhammad Goronyo, Esq. reaffirmed the Federal Government’s unwavering commitment to national development through the provision of critical infrastructure. He emphasised that enhancing connectivity and fostering regional integration remain vital pillars for sustainable prosperity. Delivering a Goodwill Message, the Senate President lauded the transformative potential of the project, spotlighting the strategic partnership between the government and private sector entities such as Hitech Construction Company. He described the highway as a “backbone for economic revitalisation” that will attract investment and create new avenues for economic empowerment. Other goodwill messages echoed these sentiments and much more. Governor Hope Uzodinma of Imo State and the Chairman of the Progressive Governors Forum, commended President Tinubu’s resilience and clarity of purpose, recognising the highway as a powerful symbol of leadership that delivers on its promise. He expressed pride in the project’s pivotal role in national development and economic progress. Governor Dapo Abiodun of Ogun State described the Lagos-Calabar Coastal Highway as a legacy of visionary leadership and focused execution. He underscored its visible socio-economic impact through improved interstate connectivity and increased commercial activity, stressing that the project will significantly improve lives and economies across southern Nigeria. Earlier, in his welcome address, the Permanent Secretary, Federal Ministry of Works, Engr. Funsho Adebiyi, FNSE warmly welcomed all dignitaries and expressed heartfelt gratitude to Mr. President. He celebrated the milestone as a monumental achievement, noting that the highway will benefit not only the state on its alignment but the entire nation. He also emphasised that the project stands as a symbol of unity, progress, and a shared national vision for a more prosperous future. Others completed road and bridge projects in the Southern part of the country that was symbolically commissioned by the President including; While those that were flagged off, also symbolically, included; Mohammad Abdullahi Ahmed
i. Lagos-Ibadan Expressway, Phase 1, Section I (Shagamu-Ibadan) in Ogun and Oyo States,
ii. Ikorodu-Shagamu Road in Lagos and Ogun States,
iii. Lagos-Badagry Expressway (Agbara Junction - Nigeria-Benin Border in Lagos State,
iv. Dualisation of East-West Road, Section II, Subsection I, (Eleme Junction-Ahoada in Rivers State,
v. Upgrading of 15km of the East-West Road (Eleme Junction-Onne Port Junction) in Rivers State,
vi. Construction of a New Bridge to Replace the Near-Collapsed One at Akpoha in Ebonyi State,
vii. Rehabilitation of Enugu-Port Harcourt Expressway, Section III (Enugu-Lokpanta) in Enugu State,
viii. Reconstructed Collapsed Bridge at New Artisan Market in Enugu on the Enugu-Port Harcourt Expressway and
ix. Alesi-Ugep Road (Iyamoyung-Ugep) in Cross River State.
i. Rehabilitated Ibadan-Ife-Ilesha-Akure-Benin Road in Oyo, Osun, Ondo, and Edo States,
ii. Nembe-Brass Road, Section II in Bayelsa State and
iii. Section (107 Kilometres) of the Enugu-Onitsha Dual Carriageway in Enugu and Anambra States.
Director, Press and Public Relations.
Road Infrastructure Revolution is at the Front Burner of the Renewed Hope Agenda of President Bola Ahmed Tinubu The Honourable Minister of Works, Sen. Engr. Nweze David Umahi has reiterated the determination of the Renewed Hope administration of President Bola Ahmed Tinubu in fixing the ailing road infrastructure across the nation. He stated this when the Governor of Kogi State, Yahaya Bello and the newly elected Governor of the State Ahmed Usman Ododo visited him in his office at the Ministry's Headquarters, Abuja on Thursday, 30th November 2023. The Hon. Minister of Works stated that the President's intervention on the road infrastructure deficit in the country was part of his roadmap towards revamping the economy of the nation. He thanked the Governor for the will to seek Federal Government's intervention on the road infrastructure challenges in his State and the passion to work for the good of the State. ‘We inspected the road from 11am on my first day in office and I got back to Abuja by 2am, it shows the passion you have for the State. It is not by chance that my first working day was in Kogi State, and I saw the acceptability and show of true love among the villagers for you. Your people are people of gratitude. I remember the ovation that greeted our inspection visit to Murtala Muhammed Way bridge in Kogi State". The Hon. Minister assured the Governor that the Kogi Federal Highway was part of the Federal roads listed for palliative intervention by Mr. President. " I want to assure you that Mr. President has instructed our Ministry to go and start that portion of the road and you will soon see a lot of concrete structures on a number of sections of that road that are challenged”. The Hon. Minister also thanked the Governor for his commitment to the ideals of All Progressives Congress (APC) and for his doggedness that saw the Party through in the recently concluded Governorship election in Kogi State and said the victory was a testimony of the good works of the Governor and the acceptability of the ruling Party by the people of the State. He praised the Governor for his sense of inclusiveness and nationalism in his affairs as Governor of Kogi State. "I thank you for being nationalistic I know a lot of South Easterners that have made your Cabinet, I also know a lot of people that had security challenges; that were kidnapped far away but you helped in rescuing them even across State”. The Hon. Minister used the opportunity to congratulate the Governor- Elect and charged him to be magnanimous with victory, cultivate leadership virtues, remember his route and remain steadfast with his Party. “Every young man entering a very high position like this is open to a lot of temptations. One admonition that guides me which I will share with you today is the fact that anyone who pays evil for the good done onto him, evil will not depart from his house. He continued “the teeth and the tongue often have misunderstanding, but they live together, the Governor made a lot of enemies because of you, let these enemies reconcile with him through you, all what the Governor looks for from you is not money or position, all he looks for is respect and honour because to whom God has honoured man must honour the person. Mr. President has suffered all kinds of betrayals and if you have suffered betrayal, you would feel it, and when Mr. President sees a man that is on the part of betraying another, he will not be happy with such a person. If you follow the Governor, he will guide you. If he trusted you to enthrone you, who else will he now trust again. He is a unique man, and he is a man to emulate.” Earlier the Kogi State Governor extolled the Hon. Minister for the transformation and innovation he has brought on board to accomplish the Renewed Hope road infrastructure agenda of Mr. President and the extra-ordinary passion with which he follows Mr. President's directives on road revolution. “The very first day you resumed office that was the day you hit the ground running. You have been inspecting roads ever since then you are not resting, there was no budget, no money for you, yet we see work going on across the country. Contractors have returned to site. Federal Roads Maintenance Agency (FERMA) is working, you are also responding to calls and messages, and you are so responsive, you are a leader that all of us are proud of.” The Governor further said “I am here to principally show an appreciation to God Almighty and to show appreciation to my wonderful brother His Excellency Distinguished Senator David Umahi the former Governor of Ebonyi State and Minister of Works for all the assistance he rendered to us physically, spiritually, financially and in fact in every way. I am introducing my next successor Hon. Ahmed Ododo to His Excellency. Ever since I joined the club of Governors you have been so distinguished. I came in as APC Governor, you were PDP Governor then, irrespective of our political parties, you proved to be an elder statesman. You are a politician, but you are an elder statesman. You are always uniting the Governors across party line that was why it was easy for me to predict that you were going to join us because your mind is progressive; your mind is always progressive that was why you were able to govern Ebonyi State. With the little and meagre resources, you turned the State around and Ebonyi is wearing a new look today. You mentor leaders that is why it is not surprising the assistance I received from you in coming up with another leader to take over from me in Kogi State.” The Governor continued, “Today you are in the Government of President Bola Ahmed Tinubu as a Minister of Works with his Renewed Hope agenda, we are saying a very big thank you to you and may the good Lord protect you in the discharge of your responsibility as the Honourable Minister of the Federal Republic of Nigeria" ...
Road Infrastructure Revolution Nationwide has Started, Courtesy of the Renewed Hope Administration of Mr President. Read to Know Your Role 1. The attention of the Federal Ministry of Works has been drawn to the concerns of the public on the deplorable situations of some sections of the Federal roads throughout the Federation as reported in many media platforms, especially social media, the front page, pages 4,5,6 and 14 of the publication of Sun Newspaper of 26th November, 2023. Most of the sections of the roads frequently reported but definitely not exhaustive are: the Makurdi-Nsukka 9th Mile Road, East West Road, Lagos-Abeokuta Expressway, Benin bypass road, collapsed bridges of Enugu- Port Harcourt road, collapsed bridges of Shandam-Plateau State, Abuja-Kaduna- Zaria-Kano road and Gombe- Bauchi etc. 2. The President of the Federal Republic of Nigeria, His Excellency, Senator Asiwaju Bola Ahmed Tinubu, GCFR is aware of the state of our road infrastructure which he inherited on the 29th day of May 2023. Without prejudice to all the good efforts of the past administration on road infrastructure development which they tackled within the limit of their resources, the work to be done to change the ugly state of our roads is quite enormous. 3. Mr. President is not complaining of the challenges he inherited in nearly all sectors of the economy, especially as it concerns our road infrastructure, but he is quite courageous as he had promised to tackle the problems head-on which he has started to do not minding the debt burden inherited especially the funding gap of over Six Trillion Naira (₦6T) from most of the inherited on-going road projects. 4. Mr. President has since reeled out plans of commitment, consistence, and innovations towards actualizing a sustainable road infrastructure development throughout the country. He has just approved a 2023 Supplementary budget of Three Hundred Billion Naira (₦300B) for the Ministry of Works comprising of One Hundred Billion Naira (₦100B) for immediate palliative works in 36 States and FCT and Two Hundred Billion Naira (₦200B) for continuation of most of the inherited ongoing projects and very few new but critical road projects. 5. Mr. President has directed that works in those palliative projects must commence before 1st December 2023, while observing all due process. On the sections being frequently complained of by the public in all regions of the North and South of the country, Mr. President has equally isolated them and directed immediate actions on them and indeed work has started on all such roads. The public can crosscheck our claims and report back to us. 6. The engagements of the Federal Ministry of Works will not be limited to these isolated reported cases but shall be holistic in our approach through these approved palliative measures and the interventions of FERMA in all the 36 States and FCT also. 7. The public is hereby requested to assist the Federal Ministry of Works and FERMA by supervising the contractors that will be engaged in these palliative works and indeed all ongoing projects of the Federal Ministry of Works and FERMA. It is the right of every Nigerian to have value for their money deployed to the road infrastructure sector and therefore must show both interest and passion in all the ongoing projects by the Federal Ministry of Works and FERMA, and indeed all projects of the Federal, State and Local governments. All poorly constructed roads should be photographed and reported immediately to the following contacts: 08030986263, 08037086137, or 08106423197; showing the name of the contractor, the location and type of contract and defects observed. The Federal Ministry of Works will document such reports, verify and take effective action to correct such infractions. The Federal Ministry of Works shall also periodically recognize publicly those who made such reports that are genuine in a public engagement forum to be hosted quarterly by the Federal Ministry of Works and will sanction such erring contractors publicly too. 8. THE USE OF ASPHALT AND CONCRETE PAVEMENT IN ROAD INFRASTRUCTURE DEVELOPMENT a. The Federal Ministry of Works is shocked to observe the various acts of darkening counsel without knowledge on the position of the Ministry on the use of asphalt and concrete pavement in the development of our road infrastructure by people who have vowed not to release their hands off the brake of our road infrastructure development just for their selfish gains. b. The Federal Ministry of Works has at no time banned the use of asphalt or directed that concrete pavement shall be the only means of road pavement structure. For the avoidance of doubt, the new policy of the Federal Ministry of Works is simply put as follows: i. contractors for all the ongoing projects are simply requested to have a choice to continue to use asphalt or have their projects redesigned on concrete at no extra cost to government following the underlisted conditions: ii. Use of asphalt: contractors shall stick to only 5% Variation on Price (VOP) in line with the signed contract agreement throughout the period of the project and the signed contract shall not be subject to review especially on bituminous items. iii. The thickness of the asphalt pavement as designed must be strictly adhered to by all such contractors and the design shelf life for the asphalt (at least 15 years) shall be guaranteed by issuing an insurance bond through a reputable insurance company in favour of the Federal Government. This is in line with Article 2 of the signed contract and clause 51 of the general conditions of contract (which is part of the documents forming the signed contract with contractors which authorize the client through the Engineer to change the scope of the work, the quantity of the work, the quality of the work as the client may deem fit at any time etc.) for all the ongoing projects. These directives to the contractors do not in any way violate the Federal Ministry of Works' signed agreement with the contractors. iv. For the use of concrete, contractors must abide by the 5% VOP and 50 years design shelf life using concrete grade 40. c. Those who are complaining and demarketing this policy are simply those who do not wish Nigeria well and they are the same people that use adulterated bitumen in their projects while putting pressure on our Naira through the importation of adulterated bitumen instead of developing our abundant God given bitumen deposits in Ogun State and other parts of Nigeria. Insofar as this new policy has not violated any law, the Federal Ministry of Works is forging ahead with this new policy. As at today, most of the ongoing projects are still ongoing with asphalt pavement in line with this new policy while some are redesigned on concrete pavement, depending on the terrain and with full understanding of the affected contractors of those projects. 9. The Federal Ministry of Works is very concerned with the supervision of our projects and effective 1st of December 2023, there will be a revolution in the ways and methods the Federal Ministry of Works supervises her projects nationwide. All concerned are HEREBY put on NOTICE as the Ministry will not spare anyone found culpable in his or her assignment. 10. The Director of Works of the 36 States and FCT and FERMA have been directed to audit all projects in their States and FCT especially equipment on and off sites with their pictures, personnel of contractors, status of all projects including financial status (contract sum, date of award, period of construction and time table, amount paid, challenges, % of work completion, augmentation of project if any, VOP claims etc). This assignment must be completed before 30th November 2023. Note that this directive was given since the past two months. 11. The Federal Ministry of Works wishes to thank Mr. President for his directive that all inherited projects from the past administration be continued while he makes frantic efforts to source for funds for the completion of these ongoing projects and the critical new ones within his 1st 4 years of his Divine 8 years of purposeful and fruitful divine administration through the power of God who divinely brought him to leadership at this critical moment of our Nation’s history. 12. On the part of the staff of the Federal Ministry of Works, I pledge to strictly and Godly follow the divine Renewed Hope Agenda of Mr. President, and God willing, we shall continue to support Mr. President and deepen the good efforts of Mr. President in all our road infrastructure development. Signed: H. E. Sen. (Engr.) Nweze David Umahi, CON, FNSE, FNATE Hon. Minister. ...
FG is Committed to the Engineering Values in Road Infrastructure Development as Supervision Occupies a Centre Stage in the New Policy of the Federal Ministry of Works The Federal Government under President Asiwaju Bola Ahmed Tinubu, GCFR is committed to outstanding quality, value for money, innovation, responsiveness, fast deliveries and technical expertise in road infrastructure development in Nigeria. This was contained in the message of the Hon. Minister of Works, Sen. Engr. Nweze David Umahi, CON when the national leadership of Nigerian Society of Engineers (NSE) led by its President, Engr. Tasiu Sa'ad Gidari Wudil paid him a courtesy call in his office in Abuja on 23rd November, 2023. The Hon. Minister emphasized the importance attached to quality delivery of construction works by the Renewed Hope administration of Mr. President stressing that the 'business as usual' syndrome in road construction is no longer tenable under the Renewed Hope administration of Mr. President. He reeled out the new policies on road infrastructure to include: • good stabilized and tested subgrade, sub-base course before pavement placement. • expose subgrade, sub-base and base course to 60 days vehicular movement and continuous sheep-foot rolling before pavement placement. • introduction of reinforced concrete road pavement in most roads’ carriageway and shoulders. • continuous maintenance of all roads under construction throughout the life of the project under contract. • effective design of road infrastructure anchored on detailed report of environmental site conditions and geotechnical report. • community relations in terms of keeping roads motorable under the period of the contract. He said that supervision was necessary in the actualization of quality delivery of road construction whether concrete pavement or asphalt, noting that each of the two models has its own attendant conditions. “When you start to compare asphalt and concrete, it is if all things are equal, here all things are not equal, there are many factors why we are talking about concrete”. He noted that the stand of the Ministry is not about comparing asphalt and concrete pavement but that if you are using either of them, there are conditions attached to them. He said there are certain terrains on our roads that make it imperative for concrete pavement to be used." You cannot put asphalt in water but you can put concrete in water”. The Minister explained that the rate of increase in the cost of materials for construction of the two models is alarming and argued that the cost of materials for asphalt is in geometric progression while the cost of materials for concrete pavement is in arithmetic progression. He reiterated that prudence and value for money are the watchwords of the Ministry of Works under him, and this involves getting materials at the minimum purchase price and maximum efficiency and effectiveness of the product. He urged the leadership of Nigerian Society of Engineers to consider retraining of members of the society and enforcement of discipline and strict standards of ethics in the practice of Engineering in Nigeria in the interest of public safety and for the protection of the economic investments. " I went to China, and I saw their roads, there was no evidence of any maintenance in nearly 30 years. And I asked them what the reason is, and they said that if you build a road in China and within your lifetime, the road fails, they will come for test and if there is any evidence of compromise, the person responsible goes to prison for life". The Hon. Minister offered partnership with the NSE in the area of supervision and consultancy. In his mission statement earlier, the President of Nigerian Society of Engineers ( NSE) said the aim of the courtesy call was to seek areas of collaboration with their own and described the Hon. Minister as a round beg in a round hole "Since after your assumption of office, we have been monitoring your progress, and I must tell you we are not surprised, what you did as Governor in Ebonyi State is amazing. We visited you when you were the Governor of Ebonyi State, and I am going to visit your Governor now. I must go because it is like a pilgrimage.... In fact, Your Excellency, we are proud of you." The President said that the Society which is an umbrella organization for Engineering profession in Nigeria is committed to best Engineering practices. He enumerated the achievements of the Society and the prospects of their smart office project, and expressed hope that it would be an innovation hub of the nation. ...
FG Assures Motorists Of Commitment To Road Infrastructure
The Federal Government has assured the Public of its commitment to infrastructure development in the country, adding that all roads affected by flash floods are noted and are receiving required attention.
Speaking in the Ministry after receiving an interim report of on- the -spot assessment of the Abuja -Lokoja flash flood and the bridge in Gwaram Local Government Area of Jigawa State, The Permanent Secretary, Federal Ministry of Works and Housing Babangida Hussaini, stated that the Ministry was looking into all the issues of flooding on the nation’s roads
On the Abuja -Lokoja road , he said the flash flood at the weekend was caused by excessive rain and that as soon as the rain subsided , the flood receded, and the road has been opened to traffic since Saturday.
On the bridge in Gwaram Local Government Area of Jigawa State the Permanent Secretary noted the prompt response of Jigawa State by diverting traffic to an alternative route and commenced repair works on the bridge immediately, he therefore commended the state governments and the stakeholders for their efforts in supporting Mr. President’s commitment to road and infrastructure development.
He assured the Jigawa State Government of the Ministry’s technical support as at when needed. He said the professionals in the Federal Ministry of Works and Housing are always available to provide technical support to states in all the roads and bridges construction activities.
Welcome Remarks By the Director (Planning, Research & Statistics), Dr. Famous S. Eseduwo at the Technical Session of the 8th Meeting of the National Council on Lands, Housing and Urban Development
PROTOCOLS
On behalf of the Honourable Minister of Works and Housing, Babatunde Raji Fashola, SAN, Honourable Minister of State, Engr. Abubakar D. Aliyu, FNSE, the Permanent Secretary, Mohammed Bukar and the Management of the Federal Ministry of Works and Housing, I warmly welcome you to the Technical Session (Meeting of Officials) at the Eight (8th) Meeting of the National Council on Lands, Housing and Urban Development.
2. The theme of this year’s Council Meeting, “Housing Development and Consumer Credit as Strategies for National Prosperity” was carefully chosen in recognition of government’s new initiative to generate more jobs and create wealth for Nigerians through the mass construction of affordable housing units.
3. As we all are aware, housing is one of the fundamental human needs and a veritable indicator of standard of living in every society. However, housing deficits exist in almost all the countries of the world, either in the form of shortages in supply or affordability gaps.
Housing is of supreme importance to man and one of the best indicators of a person’s standard of living and his place in society. However, at no point has it been adequately supplied either quantitatively or qualitatively.
4. Permit me to highlight that various factors are responsible for preventing effective housing development, some of which include lack of secure access to land, high cost of construction, limited access to finance, bureaucratic procedures, high cost of land registration and titling, uncoordinated policies and implementation at both Federal and State levels, ownership rights under the Land Use Act, lack of critical infrastructure, affordability gap, and inefficient development control, etc.
5. In order to comprehensively address the challenges of housing development for sustainable economic growth, there is the need to develop a holistic strategy that will involve all tiers of government and the private sector. Considering the fact that the private sector has displayed flexibility and potentials in housing development as it is prevalent, internationally. I want to assure you that the federal government would continually work towards fine-tuning its policies and programmes towards creating an enabling environment for greater participation of subnational governments and the private sector in housing development.
6. It is worth noting that, the present Administration is mindful of the challenges of ‘access to credit’ encountered by the Low- and Medium-Income segments of our society in the pursuit of home ownership. Government is also aware that land acquisition poses a major hindrance to effective housing delivery. Thus, all processes that would ensure proper harmonization of the various procedures and instruments of land acquisition/transfer across the country are currently being addressed.
7. The Ministry through its agencies is working tirelessly in collaboration with the Office of the Head of Civil Service of the Federation, the Nigeria Labour Congress (NLC), Trade Union Congress (TUC), Cooperative Societies as well as the Nigeria Employers’ Consultative Association (NECA) towards the development and delivery of affordable housing to the low-income workers in the formal sector. Furthermore, our Agencies are also developing initiatives to incorporate micro-enterprises, such as agro-allied ventures into the housing scheme with a view to generating more employment opportunities thereby creating wealth for beneficiaries to repay their loans at ease
8. It is interesting to note, that the Federal Mortgage Bank of Nigeria’s single digit interest rate of 6% on mortgage and home renovation loans is the lowest, compared to what is obtainable in the open market. The Bank has concluded various initiatives to make shelter more accessible and affordable by the reduction of equity contribution for National Housing Fund mortgage loans to 0% for loans of N5 million and below, while loans of N5 - N15 million attract only 10% down payments.
9. In addition, the ‘Rent-to-Own’ initiative eliminates equity contribution and payment of mortgage perfection fees, which accounts for up to 20% of mortgage transaction costs. Under a simple rental arrangement, an individual gains immediate access to a housing property while the monthly rent is accrued to serve as equity build-up towards ownership of the property.
10. As you are also aware, the ongoing National Housing Programme across the federation is an initiative specially designed to encourage local manufacturers, professionals, artisans and craftsmen towards enhancing employment and wealth creation. The Housing Programme only allows the use of home-grown building materials and components in the construction of the houses except where it is established that the component cannot be produced locally or production capacity is inadequate.
11. Ladies and Gentlemen, in recognition of the widening income gap in our society, the present administration has provided an array of safety-nets through the National Social Investment Programme (SIP), targeted at providing support to over 12 million needy Nigerians by giving relief and assistance to children, unemployed youths, the weak and vulnerable as well as small/medium entrepreneurs (SMEs) to mitigate the adverse effect of poverty. Let us also use this platform of the National Council to harvest ideas and develop some stringent strategies for employment generation and wealth creation through the built industry.
12. I, therefore, urge all stakeholders, here present, to make meaningful contributions on the memoranda submitted to enable the federal government formulate and strengthen policies that would facilitate more home ownership amongst Nigerians, especially the low- and -medium income earners.
Thank You.
DRIVING NIGERIA’S FUTURE: CELEBRATING TWO YEARS OF TRANSFORMATIVE LEADERSHIP AND THE LAGOS-CALABAR COASTAL HIGHWAY MILESTONE
DRIVING NIGERIA’S FUTURE: CELEBRATING TWO YEARS OF TRANSFORMATIVE LEADERSHIP AND THE LAGOS-CALABAR COASTAL HIGHWAY MILESTONE
MID -TERM REVIEW MEETING ON THE IMPLIMENTATION OF THE DECISIONS REACHED AT THE 29TH NATIONAL COUNCIL ON WORKS (NCW) DAY 1
MID -TERM REVIEW MEETING ON THE IMPLIMENTATION OF THE DECISIONS REACHED AT THE 29TH NATIONAL COUNCIL ON WORKS (NCW) DAY 1