By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Africa Housing NewsAfrica Housing News
Notification Show More
Aa
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
    • About Us
    • Contact Us
    • Join Us
Reading: Budget 2022: FG Pledges Completion of Ongoing Housing Projects
Share
Aa
Africa Housing NewsAfrica Housing News
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
Search
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
    • About Us
    • Contact Us
    • Join Us
Have an existing account? Sign In
Follow US
Africa Housing News > Blog > News > Budget 2022: FG Pledges Completion of Ongoing Housing Projects
Budget 2022: FG Pledges Completion of Ongoing Housing Projects
News

Budget 2022: FG Pledges Completion of Ongoing Housing Projects

Fesadeb
Last updated: 2021/11/10 at 3:23 PM
Fesadeb Published November 10, 2021
Share
SHARE

The Federal Government has reassured Nigerians that the 2022 budget will focus mainly on the completion of ongoing projects across the country, The Minister of Works and Housing, Babatunde Fashola who gave the hint on Tuesday in Abuja, said the resolve is pursuant to meeting up with the housing sector’s mandate.

The Minister made this disclosure while addressing a Joint Committee of the National Assembly on Lands, Housing and Urban Development during the defense of the Housing Sector’s 2022 Budget on Tuesday, November 9th, 2021.

Fashola noted that the sector’s 2022 Budget Proposals was prepared taking into cognizance the Federal Government’s Thrust, as articulated in the Nigeria Economic Sustainability Plan (NESP). He explained that In carrying out its mandate the sector has resolved to pursue completion of ongoing projects with the adequate and timely release of budgetary allocation.

The Minister also revealed that the Ministry would be launching the National Housing Programme’s web-portal on Friday to enable interested Nigerians to commence the process of subscribing to completed houses under the programme.

He explained that the platform would include the mode of payment that would ensure transparency in the process of acquisition of the houses and other features that would help avoid the risk of double allocation.

According to the Minister, the priority areas which the 2022 Housing Budget was anchored on include: Federal Government’s National Housing Programme and construction and completion of Federal Secretariats in six States of Anambra, Bayelsa, Ekiti, Nasarawa, Osun and Zamfara States.

Others include provision of Infrastructure (road, electricity and water) through special intervention programmes in various locations in the country; and continuous intervention programmes through constituency projects that meet the needs of the grassroots as well as providing them with dividends of democracy.

On the performance of the 2021 Budget, Fashola told the Committee that , despite the Covid-19 pandemic that disrupted implementation from March 2020 the Housing Sector had achieved completion of several projects.

He listed the projects to include; design and installation of solar power PV microgrid system and energy retrofitting at the headquarters of the Ministry in Mabushi, major rehabilitation and restoration of 24 existing Federal Secretariats in 24 States and numerous constituencies, direct mandate and zonal intervention projects that have direct impact and bearing on the lives of the citizens, among others.

Speaking on the challenges, the Minister mentioned the maintenance and operation of public buildings which he said must adopt best practices in applying health and safety measures, such as routine maintenance, lowering costs, proactive workforce and leveraging technology.

Other challenges, apart from insufficient budgetary provision for projects according to the Minister were; the National Housing Programme being bedevilled by high cost of building materials; and the inability of some States to donate unencumbered land for the take-off of the phase II and III of the National Housing Programme.

You Might Also Like

NUPRC, Indigenous Oil Producers Strengthen Alliance to Boost Transparency, Output

NNPCL Reports ₦5.89 Trillion Revenue and ₦748 Billion Profit for April 2025

FG Moves to Enforce Intellectual Property Protection for Nigerian Creatives

Jet Set Nightclub Owners Arrested After Deadly Roof Collapse Kills 236 in Dominican Republic

Ondo Governor Aiyedatiwa Forwards 12 Commissioner Nominees to State Assembly

Join Our Whatsapp Group

Contact Image

Join Our WhatsApp Channel

Housing TV Africa is the First Housing News Television
in Africa on Startimes Channel 149 bringing you
Housing News, Mortgage News, Construction News etc

TAGGED: Africa housing news, babatunde fashola, Federal Government, Housing Sector, Minister of Works and Housing
Fesadeb November 10, 2021 November 10, 2021
Share this Article
Facebook Twitter Email Print
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

© Africa Housing News. All Rights Reserved 2024

Welcome Back!

Sign in to your account

Lost your password?