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12 Renewed Hope Estate Funded from 2023 Supplementary Budget – Minister

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The Minister of Housing and Urban Development, Mr Ahmed Dangiwa, has revealed that the Federal Government is funding 12 Renewed Hope Estates through the N50 billion allocation in the 2023 supplementary budget.

Dangiwa, represented by Mr Salisu Haiba, Director Press and Public Relations in the ministry, said this at the 2024 conference of the Property and Environment Writers Association (PEWAN) in Lagos.

The theme of the conference is, “Resolving the financial and regulatory dilemma to achieve Renewed Hope Agenda on Housing”.

According to the minister, the ministry has been allocated an additional N27.

2 billion in the 2024 budget to fully complete the infrastructure, while awaiting the 2025 budget to expand the programme to cover more states.

He explained that the ministry adopted a range of creative and diversified funding strategies to create impact under the Renewed Hope Agenda of President Bola Tinubu.

He noted that these include increased budgetary allocation, Public-Private Partnerships (PPPs), international collaboration, leveraging Ministry Agency contributions, and launch of the National Social Housing Fund.

He disclosed that the three Renewed Hope Cities in FCT, Lagos and Kano were all being funded through a PPP that the ministry signed with a consortium of developers for the delivery of 100,000 housing units nationwide.

Dangiwa explained that under this strategy, the developers source land and construction finance while the government creates an enabling environment for them to deliver housing.

He said: “So far, the ministry has facilitated a N100 billion bankable offtaker guarantee by the Federal Mortgage Bank of Nigeria (FMBN) for the Karsana Renewed Hope City.

“This has enabled developers to mobilise over N40 billion in financing—a first in the history of Nigeria’s housing sector.

“We have also made cross subsidy a key part of our efforts to enhance affordability for low-medium income earners to foster integrated living.

“Under this concept, the housing units built in the Renewed Hope Cities will be sold at commercial rate.

“Also,  a substantial percentage will be sold at concessionary rates to low- and medium-income Nigerians who are members of the Nigeria Labour Congress and the Trade Union Congress.

According to him, the ministry embraced PPPs because the nation’s housing deficit is vast and cannot be funded from budgetary allocation alone.

The minister confirmed that the country needed to build approximately 550,000 units annually over the next decade to close this gap, and this would require about N5.5 trillion per annum.

“However, we recognise that PPPs alone cannot deliver Renewed Hope Affordable Housing for the majority of Nigerians.

“This is due to the high costs of private-sector construction financing, which significantly increase housing prices.

“For example, a one-bedroom apartment at the Renewed Hope City in Karsana, built under a PPP model, costs about N22 million.

“However, a two-bedroom unit under the Renewed Hope Estates, funded through budgetary allocations, costs about N12.2 million.

“The difference lies in the cost of finance. Under the Renewed Hope City model, developers purchase the land, secure financing at double-digit interest rates.

“While as a government, we facilitate a Bankable Offtaker Guarantee from the FMBN.

“In contrast, Renewed Hope Estates are funded with interest-free allocations from the budget. State governments provide free land, and infrastructure costs are subsidised and excluded from the housing unit prices.

“These factors account for the significant price disparity between Renewed Hope Cities and Renewed Hope Estates,” he said.

According to him, there is widespread recognition that the current N50 billion annual budget for housing is grossly inadequate, compared to the N5.5 trillion required annually to address the housing deficit.

Dangiwa said, to this end, the ministry had engaged the National Assembly leadership and received their support for increasing the annual housing budget to a minimum of N500 billion, starting with the 2025 budget cycle.

He expressed hope that this would allow the ministry to expand housing projects to cover the remaining 18 states and increase the unit count per state from 250 to at least 500, as initially planned.

The minister acknowledged that funds put into housing construction are revolving, because the houses will be sold and the money put back in government coffers for subsequent housing construction.

He noted that beyond this, housing construction plays a huge role in job creation and poverty alleviation, adding that this huge economic impact must be put into proper context.

“The housing sector’s potential as a driver of economic growth is evident in the job opportunities that the Renewed Hope Cities and Estates Programme have created.

“At an average of 25 jobs per house, the ongoing projects have directly and indirectly generated over 252,800 jobs for Nigerians, including skilled and unskilled workers.

“At an average daily wage of N5,000, many workers are earning over N150,000 monthly, which is far above the national minimum wage.

“From professionals such as architects, civil engineers, surveyors and skilled workers like masons, carpenters, electricians, plumbers, steel fixers, welders, labourer, security personnel, concrete pourers and excavation workers, the Renewed Hope Cities and Estates is unlocking the potential of housing construction.

“This is because it servea as a veritable source of good paying jobs that are taking our youths off the streets and reducing the temptation to indulge in criminal activities,” he said.

In her welcome address, PEWAN’s Chairperson, Mrs Okwy Iroegbu-Chikezie, said that Nigeria had become entangled in the twin issues of housing deficit and high vacancy rate in the real estate sector which appears as an anathema.

Iroegbu-Chikezie, stated that with increasing cost of building materials, occasioned by high inflation, interest rates and the excruciating impact of the present economy, homeownership has become an enormous challenge to many.

“It is therefore our expectations that the conference will provide opportunity for experts and stakeholders in the real estate to chart pathways towards increasing housing provision in the country to bridge housing deficit,”she said. (NAN)

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ASUSS Opposes NUT Strike in FCT, Urges Teachers to Ignore Stay-at-home Directive

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By Laide Akinboade, Abuja

The Academic Staff Union of Secondary Schools (ASUSS), Federal Capital Territory (FCT) Chapter, has dissociated itself from the indefinite strike declared by the Nigeria Union of Teachers (NUT), FCT Wing, directing secondary school teachers and education officers to report to their classrooms and proceed with their normal duties.

 

The union’s stance was made public in a press statement issued on Wednesday by its State Executive Council (SEC) following an emergency meeting to review the industrial action called by the NUT FCT Wing.

 

Rejecting the stay-at-home order, ASUSS argued that the academic destiny of students should not be compromised over industrial disputes, describing the strike action as premature and detrimental to educational stability in the territory.

 

Addressing the specific demands raised by the NUT, ASUSS offered counter-positions on the three primary issues driving the dispute.

ASUSS stated that the vacancy requirement remains a statutory provision of the Public Service Rules (PSR) governing establishment control and financial planning, emphasizing that altering career structures requires administrative dialogue rather than coercion. 

The union clarified that the administrative framework for affected teachers has already been resolved, noting that the 2025 promotion process is set to run concurrently with the 2026 promotion cycle under the FCT Civil Service Commission, as outlined in circulars released in September 2026. 

ASUSS maintained that the redeployment of education agency directors to classrooms falls within management’s statutory prerogative to maintain administrative order. 

ASUSS further alleged that the strike action was calculated to disrupt the scheduled 2025/2026 promotion examinations for FCT Education Officers. 

In its final directive, the union urged all eligible Education Officers to participate in the upcoming promotion examinations according to the published timetable, while calling on parents and guardians across the FCT to send their children to school, assuring them that academic activities will continue uninterrupted. 

Furthermore, the ASUSS FCT Chapter issued specific directives to secondary school principals, vice-principals, and education officers: 

“All secondary schools must remain fully open for academic and administrative activities without interruption.

 “Ensure that all teachers report to their respective classrooms to execute their normal duties and teach students diligently.

 “Disregard any directives or instructions from unauthorized bodies aimed at disrupting the academic calendar.

“Monitor attendance and ensure a safe, conducive learning environment for all students who are innocent victims of unnecessary industrial disruptions.”

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Edo Varsity Lecturer Dies after Sex Romp in Hotel

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A senior lecturer at the Ambrose Alli University, Ekpoma in Edo State, Dr. Matthew Uwuigbe, has died under mysterious circumstances following an alleged sex romp with a sex worker in a hotel in Edo State.

It was learnt that the lecturer lodged in the hotel with the 21-year-old commercial sex worker identified as Angela Defa Jacob.

However, tragedy struck after the university don suddenly slumped and died during the encounter at the hotel located in Mosco area of Ekpoma, Esan West Local Government Area of Edo State.

The Edo State Police Public Relations Officer (PPRO), Eno Ikoedem, confirmed the incident on Tuesday.

She disclosed that three persons have been arrested in connection with the incident.

The command spokesperson said, “On October 5, 2026, at about 8 pm, the command received a report that Matthew Uwuigbe, a lecturer at Ambrose Alli University, Ekpoma, had lodged at a hotel in Ekpoma and engaged the services of a 21-year-old sex worker, Angela Defa Jacob.

“He subsequently sent the woman to purchase water for him, and upon her return, she found him lying dead in the room.”

She added that the hotel owner, the manager and the sex worker have been detained over the incident as investigation continues.

Ikoedem said the corpse of the victim has been deposited at the Oriaifo Memorial Hospital mortuary.

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Over 84 Per Cent Nigerians willing to Vote During 2027 Elections – Yiaga

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Yiaga Africa said 84 per cent of Nigerians intend to vote during the 2027 general elections, urging political parties to mobilise citizens to ensure they vote in spite of insecurity, distrust and vote buying threat to turnout.

Yiaga Africa Board Chairman, Hussein Abdul said this on Wednesday while unveiling its third National Voting Intentions Survey, based on interviews with 2,470 Nigerians across 36 states and FCT.

He said, Yiaga’s third voters’ intention study examines Nigerians’ readiness, motivations and expectations ahead of the 2027 general elections.

Abdul said insecurity, fears of election-related violence and low confidence in INEC, judiciary and security agencies could influence citizens’ decisions to vote.

He said the findings were not verdicts, but wake-up calls requiring INEC, security agencies, political parties, civil society organisations and other stakeholders to address identified concerns.

Abdul urged political parties to mobilise voters and strengthen civic education, saying low turnout undermines democracy in spite of more than 100 million registered voters.

The findings showed that 61 per cent of the respondents’ feared violence could prevent them from voting, rising to 78 per cent in the North-East, while 83 per cent wanted improved security.

The survey showed declining trust in INEC, with only 34 per cent confident of credible elections, while 63 per cent had little or no confidence in judicial resolution of electoral disputes.

It said 54 per cent disapproved of the President’s performance, while 71 per cent rated the economy poorly, with 49 per cent seeking leadership change as a voting motivation.

The report urged government and security agencies to strengthen election security, while INEC, judiciary, parties, media and civil society should improve credibility, voter confidence and combat vote buying.

Speaking on the report, Safiya Bichi, Head, Knowledge Management and Learning, Yiaga Africa, said: “Nigerians have not given up on democracy, but wanted votes to count.

Bichi said they see elections as their duty and they believe their votes can make a difference.

“What stands between that willingness and the ballot box is fear, distrust and money.

“Low turnout in Nigeria is a conversion problem, not an apathy problem and the responsibility for fixing it lies with the institutions and actors who control security, credibility and logistics.” Bichi said.

In a panel discussion featured at the launch, Ene Obi, Executive Director, Ene Obi Centre for Development said Nigeria would get it right and there would be more confidence if citizens vote and guard their votes.

The panel discussion was focused on ‘Intensions, Commitments and Pathways to Increasing Turnout’.

“We need to encourage citizens to go out and vote because this is their country, for civil society we are not worried about who wins but about the process, because the process must be fair and transparent.

“We must also take cognisance of those in the IDP camps and the areas they call ungovernable.”

Also speaking at the panel discussion, Chief Ezenwa Nwagwu, Executive Director Peering Advocacy and Advancement Center in Africa (PAACA), called on the media to highlight the positive side of the report of 84 per cent willing to vote.

He also called for investment in political reforms and not only electoral reforms, adding that the values and attitudes of politicians also affect election integrity.

Speaking on behalf of INEC, Victoria Efa-Mesi, Director Voter Education and Publicity called on Nigerians to do the right thing at all times, affirming that INEC was prepared for the 2027 elections.(NAN)

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