Housing sector can unlock Nigeria’s $1trn economy

The Minister of Housing and Urban Development, Ahmed Dangiwa , has said that the development of Nigeria's housing market has the potential to unlock the country’s targeted $1 trillion economy. Dangiwa disclosed this during a recent groundbreaking ceremony for the 250-housing unit Renewed Hope Estate in Akwa Ibom. According to him, under the current administration, Nigeria has turned into a construction site.

He added the project further covered states like Kano, with a 500-unit Renewed Hope City, and Katsina, Gombe, Yobe, and Sokoto, each with a 250-unit Renewed Hope Estate in the first round of groundbreaking. “We plan to turn Nigeria into a huge construction site. This estate, like the others, comprises 50 units of 1-bedroom semi-detached bungalows, 150 units of two-bedroom semi-detached bungalows, and 50 units of three-bedroom semi-detached bungalows.

Source: News Formal (newsformal.com)

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