vanbonattel:
You mean Aso rock housing ba?

We understand the lies, expecting lie Mohammed to come claim the houses have been built.

Willnyoubget off this thread..Silly unintelligent kids running their smelly mouths all.over de place..

vanbonattel:
You mean Aso rock housing ba?

We understand the lies, expecting lie Mohammed to come claim the houses have been built.

Will you get off this thread..Silly unintelligent kids running their smelly mouths all.over de place..

Everything about this administration is "we will". I wonder when we can read a story that says "we have"!

Vice-President Yemi Osinbajo has said that the Federal Government is working with stakeholders to raise one trillion naira to provide affordable housing for Nigerians.

The vice-president spoke at the 22nd Nigerian Economic Summit in Abuja on Tuesday where he chaired a Roundtable on Job Creation, Skills and Employment at the summit.

He said that the proposed project would also help to create jobs.

Osinbajo said that the job creation unit in his office had worked out a framework with the Nigerian Economic Summit Group to focus on three sectors to create employment.
He listed the three sectors as construction, agriculture and information communication technology.

Under construction, the vice-president said the Federal Government was trying to work on a social housing programme, called the Family Home Fund.

He said, “The Family Home Fund is a financial intervention into social housing in the country.

“We are trying to raise a fund which will come to about one trillion naira; we have aggregated fund from the private sector, local and international funds already.

“The whole idea is to be able to intervene in mortgage financing so that developers can build special houses to the specification of the Federal Government.

“Already eight or nine states are giving land and certificate of occupancy for social housing scheme.

“The idea is that any Nigerian who can afford N30,000 should be able to own a house.”

Osinbajo said that there would emerge job creation opportunities as technicians, engineers and skill workers would benefit from the scheme.

He said there would also be training opportunity from the scheme.

The theme of the summit is “Made-in-Nigeria’’.

The problem of housing in Nigeria has been of interest to every administration and official estimates suggest that more than 17 million houses are needed to cover the country’s 180 million citizens.

Each administration has introduced a different scheme but the impact is not felt by the people.

SOURCE http://www.9jawaka.com/2016/10/fg-to-raise-n1trn-for-housing-scheme.html[/quote]

limeta:
Forget we know you ve no stand in aso rock.

We know you have no sense and no stand in your home.

We'll see how this pans out, but since it's a government initiative I doubt it will end well. Very little from government is well thought out and implemented.

The lack of seriousness with which these guys handle issues is evident on why they are yet to deliver anything tangible.

In a country where current market value of cheapest 2 bedroom flat in a terrace apartment goes for like 10m (Using LASG LagosHoms price structure), even people whose income is about 10m/annum will do proper adjustment to their monthly expenditure to be able to afford the mortgage repayments on the facility.

It is an utopian never ending dream for the FG to think that 30k/month, that is paltry 360k/annum earners will afford housing, unless they want to give them for free, and where will they source such free money from?

The workable solution is to remove all the useless encumbrances in Federal Mortgage access via the NHF so that most people that currently earn let's say from 10m upwards, and has been contributing to the National Housing fund, can afford mortgage to own their homes. If they can even achieve 50% of people in this bracket owning their homes, it will free up so many rental apartments for those that earn '30k/month' comfortably move in.

There is no way, with our current economy that you can start providing housing for people that earns 30k/month. The plan is DOA.

Guy u killed it. Lwkmd

jimi4us:
As minister for English kemi adeosun will say , FG planning to inject $6trillion , FG about to INJECT $2b. , FG set to INJECT $10trillion into the lake Chad. FG about to INJECT more lies in side zombies Brain to keep them hoping the illiterate President can do something.

Please, come and build in Ibadan.. too much land are wasting away here

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https://www.youtube.com/watch?v=LNYEt_5b41k