As part of efforts to leverage private sector collaboration in closing the housing deficit of the nation, the Ministry of Housing and Urban Development has signed a Memorandum of Understanding with a consortium to build 100,000 affordable housing units across Nigeria.
The MOU was signed on Thursday 21, December 2023, at the Ministry of Housing headquarters in Abuja, according to a statement published on the ministry’s official website.
The agreement between the Housing Ministry and the Consortium of private sector-led companies, headed by Continental Civil and General Construction Company Limited and Ceezali Limited, is a milestone for the Ministry’s Action Plan given its Renewed Hope Cities and Estates Projects.
The 100,000 affordable housing units which the agreement between the Housing Ministry and the Consortium seeks to achieve will be delivered in two phases.
The Minister of Housing and Housing Development, Arc. Ahmed Musa Dangiwa, who signed the MoU on behalf of the ministry noted that the PPP arrangement was structured to succeed.
