MANHOMES Property Plans One Million Affordable Houses In Abuja

By: Musa Wada

To bridge the gap of housing deficits in the wake of economic challenges in Nigeria, a leading property development firm, MANHOMES has announced plans to build one million affordable houses for civil servants in the Federal Capital Territory, Abuja.

Chairman, MANHOMES Property, Arc Abdulmumim Salawudeen, announced this at a media parley in Abuja, Wednesday.

The Chairman expressed the readiness of the real estate firm to build One million houses for civil servants at N8 millions each for 2 bedroom and N6 million for one bedroom.

He sought the collaboration of the new FCT Administration under the leadership of FCT Minister, Barrister Nyesom Wike, to deliver these homes.

According to him, the government must collaborate with reputable real estate firm like MANHOMES Property to tackle the issue of housing deficits among the residents, particularly the civil servants.

Salawudeen said the property firm will soon unveil some potential approaches including flexible payment plans and financing options for the civil servants, who are interested to own a house in the FCT.

The Chairman called on private real estate developers in Nigeria to focus more on affordable housing for Nigerians as a means to solving the problem of housing deficit in the country, rather than concetrating on lurxury property developnment for few individuals.

His words: “It is very important for developers to consider the issue of affordability in order to encourage home ownership among average Nigerian populace. It’s no longer news that Nigeria has an acute housing deficit estimated to be in the region of 22 million, which would require about N6trillion to fix, the only way we can therefore fight this scourge of housing deficit is to intentionally put up homes that the average income earner can afford”.

He, however, noted that doing so might not be so easy, given the peculiarities of housing development in Nigeria, but maintained that such was still possible if developers make it a proirity to build affordable homes for all, rather than focusing on building lurxury homes for a few.