The Federal Government has pegged uniform sale prices for housing units under its Renewed Hope Estate Programme across all states of the Federation.
The Director Director, Press and Public Relations of the Federal Ministry of Housing and Urban Development, Badamasi Haiba, who made this known in a statement on Thursday, October 23, 20525,said the housing units, comprised one-, two-, and three-bedroom semi-detached bungalows.
He added that they are part of the ministry’s efforts to make homeownership more accessible and equitable for Nigerians.
Haiba stated that the price of a one-bedroom semi-detached bungalow will cost N8.5 million, a two-bedroom semi-detached bungalow, N11.5 million, and three-bedroom semi-detached bungalow goes N12.5 million.
The spokesperson said the adoption of uniform selling prices aims to promote affordability, transparency, and fairness, ensuring that Nigerians across all regions have equal opportunities to benefit from the Renewed Hope Housing Programme.
According to the statement, the Minister of Housing and Urban Development, Ahmed Dangiwa, maintained that priority in the allocation of the housing units will be given to low- and middle-income earners as well as civil servants at all levels of government.
This priority list will also include employees in the organised private sector with verifiable sources of income, and Nigerians in the Diaspora who wish to own homes in the country.
In his contribution, the Permanent Secretary of the ministry, Dr. Shuaib Belgore, explained that several payment options have been provided to make the houses affordable and flexible.
These include outright (full) payment, mortgage, rent-to-own scheme, and installment payment plans.
The Ministry further announced that the sale of the completed housing units across the northern and southern regions will soon commence.
It said applications could be made through the Renewed Hope Housing online portal at www.renewedhopehomes.fmhud.gov.ng , or obtained from the Ministry’s headquarters and field offices nationwide.
