REDAN to build 77,400 housing units in Nigeria | Dailytrust

REDAN to build 77,400 housing units in Nigeria

National President of the Real Estate Developers Association of Nigeria (REDAN)
National President of the Real Estate Developers Association of Nigeria (REDAN)

The Real Estate Development Association of Nigeria (REDAN) has initiated a National Housing Development Programne seeking to build at least 77,400 housing units across the country.

Tagged Rural-Urban Housing Initiative (RUHI-774), the scheme will reduce the country’s housing deficit, REDAN top official said.

President and Chairman of the council of REDAN, Aliyu Wamakko, disclosed this in Abuja Thursday while briefing journalists on the development at the just concluded 40th Shelter Afrique Annual General Meeting held in Yaounde, Cameroon.

Wamakko said the aim of the programme was to develop at least 100 standard housing units in each of the 774 Local Government Areas of the Federation including the FCT.

According to him, Shelter Afrique has agreed to finance 12,000 housing units out of which the first phase of 6,000 housing units will be done in August, 2021.

He stated that Shelter Afrique had already floated a bond worth N191 billion in order to finance housing delivery in Nigeria.

 

Dear Reader,
Every day, we work hard to provide readers such as you with the most accurate, up-to-date, and comprehensive information. Quality journalism costs money. Today, we're asking that you support us to do more. Your support means that Daily Trust can keep offering journalism to everyone in the world. Sign up for as little as N1,000 to become a member. Learn more about our membership here

Bank transfers can be made to:
Zenith Bank
1017257739
Media Trust Ltd


Please send details of your bank transfer to the email or Whatsapp number below so that we can contact you.

If you have any questions, please let us know.

Inquiries:
Email: membership@dailytrust.com
Whatsapp: +234 806 990 3410