The Federal Housing Authority (FHA) reports that President Bola Tinubu has approved over two trillion naira for the development of affordable housing for Nigerians.
Matthias Byuan, Executive Director of Finance and Accounts, disclosed this at NKST Mbawa in Guma local government area of Benue State during a Thanksgiving event for the secretary to the Government of the Federation, Senator George Akume.
In many cases, constructing new housing affordable to low-income households is not financially feasible without government subsidy.
The rents or home prices that low-income households can afford are just too low to support the costs of constructing and operating new development.
There’s a huge shortage of affordable housing in many Nigerian cities and towns.
TVC
