Gombe to borrow N5bn for construction of 1,000 homes | Dailytrust

Gombe to borrow N5bn for construction of 1,000 homes

Muhammad Inuwa Yahaya, Gombe state governor
Muhammad Inuwa Yahaya, Gombe state governor

The Gombe State Government has planned to borrow N5 billion for the construction of 1000 low-income housing units in the state.

The state’s Commissioner for Information and Culture, Mr Julius Ishaya, disclosed this at a press briefing after the state executive council meeting Wednesday in Gombe.

He said the meeting, presided over by Governor Muhammad Inuwa Yahaya, approved the loan, which would be sourced from the Family Housing Fund.

He said the move was to address the housing deficit in the state.

The commissioner further said the council has received assessment report on the Billiri crisis.

He said the findings by the assessment committee on the crisis indicated that properties worth N542 million were destroyed.

According to him, the council has approved the payment of compensation to individuals that lost loved ones and properties, adding that a committee has been set up to draw out modalities for the payment.