Minister: FG’s Ibeju-Lekki Housing Project 90% Complete

Nigeria's Minister of Housing and Urban Development, Muttaqha Darma, has inspected the 'Renewed Hope City' housing project in Ibeju-Lekki, Lagos, reporting a 90 percent completion rate. The project, which aims to deliver 2,084 housing units, is on track for commissioning in October.

Darma highlighted that the project exemplifies the effectiveness of Public-Private Partnerships (PPP) in accelerating housing delivery nationwide. He noted that the Federal Mortgage Bank of Nigeria (FMBN) financing is crucial for providing shelter to thousands of Nigerians, demonstrating the bank's commitment to its mandate.

Expressing satisfaction with the work completed, Darma stated that the houses are nearing readiness for occupation, with many already fitted. "I have seen more than 80 per cent completion. In fact, I can say between 85 and 90 per cent because all of the houses already have fittings. Some of them are ready for occupation," he said.

Shehu Osidi, Managing Director/Chief Executive of FMBN, reaffirmed the bank's dedication to affordable housing. He urged developers to expedite timelines to ensure beneficiaries can occupy their homes without undue delays, emphasizing the importance of timely delivery for the project's success.

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I have seen more than 80 per cent completion. In fact, I can say between 85 and 90 per cent because all of the houses already have fittings. Some of them are ready for occupation.