Ministry of Housing and Urban Development have tabled a request for an increase in budget allocation of housing to ₦500 billion.
This was disclosed by the Chairman of the HoR Committee on Housing, Hon. Abdulmumin Jubrin during the committee’s oversight function to the Ministry on Thursday in Abuja.
Jubrin said increasing the budget to ₦500 billion would enable the ministry to deliver more houses to Nigerian.
He added that it would also reduce the rate of housing deficit in Nigeria.
He said the plan is to increase the unit of housing per year from 10,000 , 20,000 housing to 50,000 unit per year.
“Let me also say that the increment is in line with the housing policy thrust of the present administration of renewed hope agenda,” he said.
“I believe that I have the total support of my committee members for us to be able to increase their budgetary allocation to ₦500 billion.”
Jibrin pledged the support of the legislative arm to the housing ministry in getting certain exemptions, residential waivers, and some of the regulatory issues that might hinder the delivery of houses.
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