FG offers one-bedroom apartment for N9.2m under ‘affordable housing scheme’

When the federal authorities introduced its National Housing Programme (NHP) and made a portal for

When the federal authorities introduced its National Housing Programme (NHP) and made a portal for the sale of completed properties under the scheme in November, the plan was to handle housing deficit in the region and relieve the burden of buying houses for Nigerians.

“It is a programme borne out of the government’s need to present cost-effective housing for its citizenry,” information and facts on the NHP portal reads.

The programme offers the selections of mortgage, lease, and outright acquire.

Talking on November 18 when he appeared in advance of the senate committee on housing, Babatunde Fashola, minister of will work and housing, stated variation in prices in accordance to states is as a result of the cost of making and topography.

The minister also explained the value of the buildings range amongst “N7.2 million and about N16 million, dependent on what a particular person wants”.

HOW Cost-effective ARE THE NHP Residences?

Checks on the NHP portal by TheCable clearly show that a one particular-bedroom bungalow goes for N9,268,751. The price is the very same across states where by the home form is out there.

A two-bedroom bungalow sells for N12,398,460, while that of a 3-bedroom fees 16,491,155.

A a single-bedroom flat in a condominium offered in southern states goes for N7,222,404, two-bed room condominium prices N9,148,378, even though a three-bedroom device costs N13,241,074.

CAN IDPS IN ZAMFARA, BENUE Afford to pay for THE Homes?

In Could 2020, the Nationwide Bureau of Data (NBS) launched its 2019 report on ‘Poverty and Inequality in Nigeria’. According to the report, NBS reported 82.9 million Nigerians are living in poverty. This represents 40.1 % of the nation’s populace.

Zamfara, Sokoto, Benue, Adamawa, Gombe, Plateau are among the poorest states in Nigeria. Most of these states have also been affected by years of banditry and insurgency which have left millions of residents displaced and homeless.

Faika Ahmed, commissioner for humanitarian affairs and disaster administration in Zamfara, had claimed in September that there are more than 600,000 displaced folks affected by banditry in the state.

Also, Samuel Ortom, governor of Benue point out, mentioned there are around 1.5 million IDPs in the point out.

TheCable had noted how insecurity has forced many citizens of Benue to abandon their farms and request refuge in IDP camps.

Given the poverty charge and scourge of displacements and homelessness in these states, it is not obvious if the “affordable housing” normally takes IDPs into thing to consider, thinking of the charge of the households.

‘N5M Should BE Enough FOR A A person-Bedroom Device IN SOME Regions IN OGUN’

A private developer, who did not want to be named, stated the prices supplied by the federal government may well depend on the region the properties are situated.

In accordance to him, while supplies expected for a one particular-bed room apartment may possibly vary relying on the style and design of the structure, the complete determine is continue to considerably identified by the area the land is ordered.

“Some people may possibly watch the FG’s selling price on the higher facet, but it depends on the area. Creating a a person-bedroom condominium with precisely the exact specifications in a spot like Lekki and in Olambe space of Ogun state will come with incredibly unique prices,” he mentioned.

“For occasion, I bought a latest estimate for a creating in Olambe space of Ogun condition, and while the land was previously purchased, the price estimate for developing resources and workmanship was about N3.5 million just after we did our calculations.

“To mention a couple of points in the estimate, developing layout drawing was finished for N20,000 resources for foundation like blocks, granite, sharp sand, strains, cement, was approximated at all around N600,000 roofing sheets, N250,000 plumbing, N107,500 aluminum and theft operates, N245,000 tiling such as supplies for the ground and walls, N205,000 electrical wiring, N66,000. There are also other matters like the soakaway, plastering, painting, flooring of the compound, gate, doors, home windows, amid other folks.”

Meanwhile, Fashola states over 7,000 persons have indicated interest in buying the apartments.

The massive concern is, with millions of folks living beneath the poverty line and battling to afford to pay for a day’s food, who are the citizens in sites like Zamfara that can find the money for a one-bed room bungalow at N9.2 million?