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Singapore outclasses Hong Kong when it comes to average home size

Singapore, which is smaller than Hong Kong in land area, is seemingly more generous when it comes to average standards for living space.

Yet, Hong Kong’s tiniest flats start at 123 sq ft – less than the size of a parking space – prompting some to call on Chief Executive Carrie Lam Cheng Yuet-ngor to stop the practice.

“Hong Kong needs a restriction on the minimum size of flats,” said Lau Chun-kong, the head of valuation advisory services in Asia and Greater China at JLL.

Singapore issued on Wednesday stricter guidelines raising the average size of private flats to 85 sq metres from 70 sq metres.

In Hong Kong, many developers in recent years have started building tiny flats, often less than 200 sq ft, as home prices rose.

“Such small spaces do not match the government’s intention to create a liveable city of high density. It also raises the question whether we have made good use of our land resources,” Lau said.

He said the government should review the provisions on what constituted reasonable living space. “The minimum flat size should not be less than 25 sq metres or 269 sq ft,” he said.

Developers in Hong Kong, the world’s most expensive property market, are building smaller flats as home prices rose to an average HK$13,561 a square foot, compared to a median monthly income of HK$16,800.

Singapore’s home prices are about S$1,700 (HK$9,685) per square foot, against a monthly income of S$4,050. Hong Kong’s population has risen to 7.45 million, significantly larger than Singapore’s 5.82 million residents, according to October data compiled by Worldometers based on United Nations estimates.

To limit “shoebox” flats, the URA, a semi-government entity which works with private developers to regenerate old buildings, last month said it would disallow such flats in its projects.

The minimum flat size in future projects will be 300 sq ft, or 40 sq ft more under current guidelines.

Lee Wing -tat, the chairman of concern group Land Watch, said the minimum restrictions would have a limited impact because the URA supplied only a few thousand flats a year.

“It will not make a big a difference if the government does not regulate private developers which produce close to 20,000 flats a year,” he said.

On average, Hong Kong’s property stock provided about 50 sq ft of living space per person, less than the 75 sq ft allocated to prison inmates, Lee said.

“It is unacceptable,” he said. “Developers are rushing to build tiny flats as they can achieve a higher price on per square foot basis.”

Yesterday, a 162 sq ft flat at the Esplanade in Tuen Mun was offered for HK$2.88 million, or HK$17,832 per square foot.

Of the 23,200 flats expected to be completed between May and December, about 1,120 will be less than 200 sq ft, according to JLL.

Source: Sandy Li, South China Morning Post

Rising Home Prices Cause False Increase In Retirees’ Cost Of Living

 

This week the Social Security Administration announced a 2.8% Cost of Living Adjustment (COLA) will be added to benefit checks beginning in January 2019, the biggest increase since 2012. Even then, progressive groups complain that COLAs aren’t high enough to keep up with seniors’ cost of living. In fact, the COLA overstates increases in retirees’ costs of living, based on conceptual errors in how the Consumer Price Index treats the homes retirees own. Rising housing prices are interpreted as making retirees poorer, such that retirees need a larger COLA. In fact, because the vast majority of retirees own their homes, rising home prices have no direct impact on their cost of living and in fact make retirees richer. If the CPI properly treated retiree-owned housing, this year’s 2.8% COLA would likely have been about 0.3% smaller. A COLA that accurately accounted for retiree housing costs could reduce the long-term Social Security deficit by 20%.

Social Security began granting regular COLAs in the early 1970s, to maintain the purchasing power of Social Security benefits in the face of rising prices. Prior to 1972, Congress passed ad hoc benefit increases when necessary. COLAs are calculated using the Consumer Price Index for Urban Wage Earners and Clerical Workers, called the CPI-W. The Bureau of Labor Statistics tracks changes in the CPI-W from the third quarter of one year to the third quarter of the next, and benefits are adjusted beginning in the following January.

The BLS constructs the CPI-W by first tracking changes in the prices of everything from furniture and bedding to sugar and artificial sweeteners. The BLS then weights these price changes based upon how much households spend on particular items, using data from the Consumer Expenditure Survey. The change in the weighted average of these prices is the increase in the CPI, on which the COLA is based.

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Except for homes, where the process is different. If you own a home you’re not spending directly on the home itself. Instead, the BLS calculates how much that home would rent for, and then adds that “implicit rent” to the other spending captured by the CPI. If home prices rise, then implicit rent rises and retirees are assumed to be “spending” more on housing.

Except they’re not. Only 17% of Americans age 65 and over rent their homes, with those costs making up less than 5% of total household outlays. The remaining 82% own their homes, and so they’re not paying that implicit rent. Rising home prices make retiree homeowners richer, but the CPI acts as if retirees are made poorer.

Source: Andrew Biggs

Journalists Housing Project Kicks Off in Ghana

The Ghana Journalists Association (GJA) has cut the sod for the construction of affordable houses for journalists at Pampaso, near Nsawam in the Eastern Region.

The housing project, which is in partnership with KOANS Building Solutions, a real estate company in Ghana, involves the initial building of 100 affordable houses for GJA members.

The project dubbed, ‘GJA Media Village Project,’ is to resolve the accommodation challenges facing journalists.

The first 100 houses are expected to be built within one year.

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After the sod cutting ceremony, a two-bedroom house would go for GH¢60,000 while a three-bedroom house would go for GH¢80,000.00.

Speaking at the sod cutting ceremony, Dr Doris Yaa Dartey, the Chairperson of the Media Village Project Committee, disclosed that the housing project is to encourage journalists to own houses after retirement.

According to her, his outfit has managed to put together mortgage facilities for members of the Ghana Journalist Association (GJA), who want affordable houses but do not have cash to pay.

She said, “So far, 38 members have registered and paid GH¢1,000 as registration fees, another nine members have paid various amounts of money as deposits for the houses, leaving 52 spots for other journalists to come on board.”

Roland Affail Monney, President of the GJA, said most journalists in Ghana receive low remunerations and so GJA had negotiated for flexible terms of payment for journalists to acquire houses.

He said the association shall continue to explore opportunities to provide similar housing projects for other members in other regions as well.

Chief Executive Officer (CEO) of Koans Group of Companies, Kofi Anokye, in a speech read on his behalf, said the Koans Corporate Village is the company’s new approach to meeting the housing needs of the middle class Ghanaians.

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“Many income-earners are eager to own houses; they face challenges in developing their lands before retirement and in most cases lost them after litigation.

He disclosed that the visionary GJA President and his team collaborated with the company, which led to the Koans Media Village, which is the first of its kind in Africa.

Source:  Daniel Bampoe, Nsawam – Pampaso, DailyGuideAfrica

FHA partners FCT to ease traffic congestion in Gwarimpa estate


The Federal Housing Authority (FHA) says it is collaborating with the FCT and Ecological Fund Office to ensure urgent repair of bad roads in Gwarimpa estate with a view to address the traffic congestion in the area.

Prof. Mohammed Al-Amin, Managing Director of FHA told newsmen in Abuja on Wednesday that the move would also address erosion problems and facilitate easy movement around the area.

Al-Amin expressed worry over difficulties experienced by residents of Gwarimpa estate due to the bad state of roads in the area.

“FHA is jointly working with Abuja Metropolitan Management Company (AMMC) to repair areas that have active erosion problems; the consultant for ecological fund office has brought designs for it,’’ he added.

Al-Amin, however, pointed out that non completion of the second outer run linking the Nnamdi Azikiwe International Airport was another cause of traffic congestion in the estate.

According to him, every person in Zuba, Kubwa and other mass housing estates constructed after Gwarimpa follow through Gwarimpa estate to access the major city.

“So the Network N12, N16 and N11 particularly, which are major roads that come from the central part of the city down to outskirt of the city are terminated at the second ring road.

“And Gwarimpa estate starts from the second ring road and goes to the third ring road which has not been constructed.

“So it is a matter of government priorities; there are so many things that a city requires but you have to take one that is more critical and resolve before the other ones.

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“The N12 which is majorly crossing the Gwarimpa estate is actually in the budget and all engineering drawings have been concluded; it is at the procurement stage in the FCT,’’ he said.

Al-Amin said that during the authority’s interactions with residents of the estate, it was realised that their complaints were basically the traffic congestion affecting the area.

“We told them that in urban design, you provide service centres, districts as well as sectors, sector centres are supposed to be developed by Federal Capital Development Authority (FCDA).

“In the last 20 years it has not been developed because of some encumbrances.

“We are working with FCDA to ensure that the sector centres are developed while major commercial activities and other services will take place,’’ he said.

He said that FHA had explained all the challenges to the residents, adding that there would soon be measures to ease the massive traffic that used the estate as a thorough fare.

“There would also be succour to owners of commercial activities taking place on the major avenues as they would be relocated as soon as the sector centre is developed,’’ Al-Amin said. (NAN)

Source: Ella Anokam

 

Expert urges professionals to key into 2018 builders’ congress

A Housing Expert, Mr Festus Adebayo has urged professionals in the built environment to key into the forthcoming builders’ congress of the Council of Registered Builders of Nigeria (CORBON) to institutionalise standards in the construction sector.

Adebayo, the Chief Executive Officer of FESADEB Communications Ltd., while speaking with the newsmen on Wednesday in Abuja said that the congress aimed at bringing together major public and private sector players in the building industry to harness ideas and solutions on building standards.

The Builders’ Congress is a unique stakeholder’s platform organised by CORBON in collaboration with Nigeria Institute of Building (NIOB), GIZ, FESADEB Media Group, Real Estate Developers Association of Nigeria (REDAN), Federation of Construction Industry (FOCI) with the support of Standard Organisation of Nigeria (SON) and Ministry of Power Works and Housing.

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“The Builders’ Congress which is the 2nd edition will hold from November 26 to November 28 at Musa YarAdua centre, Abuja.

 

“It will focus on the team ‘’Standardisation and Innovative Technologies for Sustainable Development in Nigeria Construction Industry.

According to him, the event will feature exhibition, conference, awards and induction of new CORBON members with over 15,000 participants from different parts of the country.

“I call on stakeholders and professionals to participate in the uncommon ganthering of professionals in the built environment.

“As for those who are thinking of how to showcase their building materials and technologies innovation, the builder congress is a place they must be to get value for their products,’’ he said.

Source: Ella Anokam

2019: Group wants party candidates to address electorates on housing agenda

The Housing Development Advocacy Network, an NGO says it will hold town hall meeting for party candidates to address housing stakeholders and electorates on their agenda for housing and construction sector.

Speaking with newsmen on Wednesday in Abuja, the President of the group, Mr Festus Adebayo said it was apt to engage politicians vying for various positions in the forthcoming election on their housing agenda.

“There is no better time than now to engage politicians on issues that will promote development in all the sectors of the Nigerian economy,’’ he said.

Adebayo decried the way and manner politicians pronounced figure of numbers of houses to produce in their manifestos without concrete strategy and plan on how they intend to actualise the manifestos.

He called on all presidential aspirants to state clearly what they have in stock for Nigeria housing industry adding that the sector was so big to be neglected by any aspirant for any political position.

“Those aspiring for the national assembly must tell us what they intend to do for housing especially in the speedy passage of housing bills.

“There are many bills pending at the national assembly especially the Land use act, mortgage and foreclosure law act, among others

“Nigerians must vote for housing, enough of `talk and no do syndrome’ Nigerians must vote for economic development,’’ he said.

He further called on all professional bodies to rise up at this crucial period in the country and engage those seeking for votes of Nigerians for a better society.

A vote for housing is a vote for economic development and against poverty, a vote for housing is a vote for job creation,’’ he added.

According to the president, the town hall meeting will hold in December, 2018 in Abuja.

Source: Ella Anokam

New housing delivery programme targets small, affordable units for workers

In the Nigerian housing market, affordability remains a relative term for too long, but in a new ‘National Affordable Housing Delivery Programme for Nigerian Workers’ that will be taking off almost immediately, a clear definition of affordability has been made to mean ‘low cost’ housing for workers.

With N18,000 minimum wage per month, Nigerian workers are among the poorest wage-earners in the world which explains the inability of majority of them to legitimately buy or build their own houses.

 In many cities of the country, most residents are renters and, according to a report by the Pison Housing Company on the state of housing market in Lagos, about 80 percent of the city’s residents lives in rented accommodation, spending over 50 percent of their income on house rents.

The new housing delivery programme which was launched by the Federal Mortgage Bank of Nigeria (FMBN) and the Nigerian workers unions  comprising the Nigeria Labour Congress (NLC), Trade Union Congress (NUC), and Nigeria Employers Consultative Association (NECA), therefore, seeks to lighten this workers’ burden or, possibly, bring an end to it.

The programme aims to build and deliver decent, safe and quality housing for the workers at a price that they can afford. In line with this goal, the house-types planned for construction under the programme are based on proven social housing models and comprise one-bedroom, two-bedrooms and three-bedroom units with prices ranging from N3.1 million to N8.3 million per unit.

About 100 housing units are to be delivered in the next six months. A groundbreaking event to mark the start of construction activities took place in Nassarawa State on a 5-hectare land along the new Kwandare, Keffi road Lafia. The land was provided by the state government as part of its contribution to the success of the project.

The Nasarawa housing development site is the first of 14 locations under the pilot phase of the programme that is projected to deliver a total of 1,400 housing units nationwide. This includes 200 housing units in each of the six geopolitical zones in addition to Lagos and Abuja.

This means that, all things being equal, in the next 12 months, 1,400 Nigerian workers will be taken away from the property market and considering an average family size of four persons, about 5,600 persons will have decent and quality shelter over their heads.

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Besides that, an unquantifiable number of jobs will be created for all the people involved in the housing construction value chain including architects, engineers, estate surveyors and valuers, bricklayers, carpenters, iron-fitters, manufacturers of the various building components , contractors, input suppliers, and even food vendors.   

“The launch of the National Housing Delivery Programme is a momentous development because it marks the first time that FMBN and the labour unions have worked closely with experts and industry stakeholders to develop a realistic and acceptable framework for delivering affordable housing to Nigerian workers”, said Ahmed Dangiwa, FMBN’s MD/CEO, at the groundbreaking event.

“The collaborative spirit which this programme has fostered gave room for labour leaders, who understand the realities and financial challenges that Nigerian workers face, to make constructive inputs to the housing designs, pricing range and other relevant conditions for delivering this project”, he added.

The stakeholder involvement and contributions to the project design, the FMBN boss noted, make the new housing programme a fit-for-purpose tool that will deliver houses that workers can afford as part of the overall national efforts towards redressing the huge housing deficit that experts now estimate to be over 22million housing units.

He added that the project was a significant departure from earlier social housing projects, which failed, in part, because they were executed without taking into cognizance the concerns and economic realities of the Nigerian worker.

Ayuba Wabba, NLC president, commended the FMBN for initiating and driving the partnership, noting that the project was laudable and would touch the lives of many Nigerians. He also commended Nasarawa State governor, Umaru Tanko Al-Makura, for providing the land at zero cost and said that state’s workers who would be beneficiaries of the project would be happy and grateful.

Al-Makura expressed delight at the takeoff of the project and thanked FMBN and the labour unions for choosing the state as the first location for the pilot and also for the initiative, assuring of the state government’s commitment to its success.  The governor granted FMBN’s request for an additional five hectares of land for the provision of relevant facilities as well as speedy facilitation of electricity supply to the estate.

Under the terms of the programme, the FMBN will provide low-interest housing loans to registered contributors to the National Housing Fund (NHF) to enable them to purchase the houses.  Eligible workers whose loan requirements fall below N5 million will not be expected to pay any equity contribution to access the facility while those requiring N5 million – N15 million will have to provide only 10 equity contribution instead of the old requirement regime of 20 percent and 30 percent.

The housing loans have a convenient payment plan with tenors of up 30 years depending on the age of the beneficiaries and years in service. Other states and locations scheduled for groundbreaking for the project include Kogi, Enugu, Abia and Akwa Ibom for October 11, 15, 16, and 18 respectively.

Source: Chuka Uroko

Eko Atlantic: Renaissance in a city with its own soul

Rising on the ‘ashes’ of what used to be Lagos Bar Beach, Eko Atlantic City comes off easily as the most ambitious  and iconic project in West Africa delivering quality, high end real estate and offering residential, commercial and retail opportunities to Nigerians and their foreign investor-friends.

Eko Atlantic is the name of this  grandiose project aimed to create a new economic capital for Africa. The development includes everything from sky-scrapers to luxury apartments, a new financial district, a private power-grid, and a shopping boulevard in the image of New York’s Fifth Avenue.

Sitting adjacent to Victoria Island, Lagos, Eko Atlantic is quietly evolving into a modern and self-sustaining city with its own soul. On daily basis, Lagos residents pass through the Ahmadu Bello Way which separates the new city from ‘Lagos’ and all they probably see on the right hand side of the divide is  an expansive parcel of land with just a couple of structures.

Little do they know that, on the massive land space which stretches 10 million square metres on the shoreline, a renaissance is taking place, reflecting what is possible in Nigeria if only the managers of the country commit to providing the right environment for private capital to lead the economy.

Analysts are of the view that Nigeria will work, the economy will grow and the citizens will flourish if the country gets it right in infrastructure and some critical sectors such as oil and gas, power, health, education and housing, pointing out that Eko Atlantic mirrors how all that could be done.

When we took a tour of the city recently, the experience was not only stunning, but also enlightening. The investment, developments and transformation going on there are massive and far reaching, presenting the city, paradoxically, as a hidden treasure and the best kept secret in the wider Lagos society that is almost bursting at its seams.

“Our major challenge here is perception; a lot of people don’t seem to understand  what we are doing. There are wrong perceptions and misconceptions; some people, especially the foreign media, speak from preconceived ideas about city development”, Ronald Chagoury Jnr, Vice Chairman, South Energyx Nigeria Limited, developers of the city, told us.

A major argument against Eko Atlantic City development has always been on its likely impact on the environment. Human rights groups and environment experts frequently raise concerns, saying that if the project’s  Environmental Impact Assessment  (EIA) is not duly obtained as speculated, its impacts in the future would be devastating.

But Chagoury Jnr disagrees, insisting that the city’s shore- line protection will rise almost 10 metres above sea level and, therefore, will resist even the severest ocean surge that could happen and impact on the city and environs.

This corroborates what David Frame, also of South Energyx, said at a forum on the evaluation of the city’s environmental impact assessment (EIA) in Lagos a few years ago. “The sea wall is designed and tested to handle the worst storms in hundreds/thousand years; The Great Wall of Lagos will ensure that everyone living and working within 10 square kilometres (6.2 miles) of reclaimed land for Eko Atlantic and the population of Victoria Island are protected from the sea”, Frame assured.

Chagury Jnr  added, “what we have here are sea breakers which do not push water back or sideways, but rather filter water to the bottom”, debunking insinuations in some quarters that the occasional flooding incidents in Lekki and the alpha beach areas are caused by the city development.

The sea wall which has already gone up to 6metres will stretch 10 kilometres and it is a masterpiece of engineering and architecture with its alluring walkway, picturesque and panoramic views of the ocean.

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Besides the sea wall, the city boasts top-notch infrastructure where the 8-lane Eko Boulevard connects seamlessly to a good network of roads and also to 14 bridges overlooking an artificial lake which will accommodate four boats moving side-by-side at slow speed.

Eko Pearl Towers is another revelation in the city. This is the second major development in the city after the Eko Boulevard. The development is a delightful collection of high rise residential towers with each tower standing on 24 floors. It is situated in the centre of the harbour of the  city and comprises five stunning towers including White Pearl Tower, Black Pearl Tower, Indigo Pearl Tower, Champagne Pearl Tower and Aqua Pearl Tower. So far, only two towers— Black and Champagne—are ready and occupied.

Each floor of the towers offers two units of three- bedroom two units of two- bedroom apartments. The apartments’ amazing views of the Atlantic Ocean, Victoria Island and Lagos Island Central Business District (CBD). The foyer, the sit-out and the swimming pools also provide scenic views of the surrounding sea and especially of  ships gliding on water to their Apapa ports destination.

The city which began in 2003 is designed as mixed use development for residential, commercial and retail. On- going developments such as Azuri Peninsula will offer both residential and retail facilities and it is situated in the city’s Marina District which is one of the most stunning residential and commercial hubs, offering city living at its finest. Arguably, Eko Atlantic is the single most ambitious and comprehensive mixed-use development plan to come on stream in the West Africa sub- region in recent times. Modelled after the skyscraper District of Manhattan Island in New York City, it is expected that the new city will be home to no fewer than 500,000 residents, with commuter volume expected to exceed 300,000 people daily. The uniqueness of the initiative is also in its self-sufficient and sustainable state-of- the-art urban design, its own power, clean water, advanced telecommunications, spacious roads with about 200,000 trees planned to be planted. The residential units will be constructed as vertical high- rise apartment towers which explains its description as Africa’s Dubai.

Quite unknown to those who just pass-by the city,  a good number of people are already living in the city in the Eko Pearl. Similarly, the 14-floor commercial building also has its tenants and is currently in the market for potential tenants. The city has enjoyed considerable interest from both lo- cal and foreign investors. But in the last two years of economic slowdown in the country, interest has come largely from foreign investors. “What we have today is a foreign market unlike two years ago when the city was a Nigerian market”, Chagoury Jnr confirmed. Of the various prime island locations in Lagos including Ikoyi, Victoria Island and Lekki, land price in Eko Atlantic is the highest, followed closely by Banana Island, the most exclusive residential location in Lagos. Experts explain that the high price which land at- tracts in the city derives from its infrastructure.

Source: Chuka Uroko

Kenya Sees $545 Million for Affordable-Housing Fund in 2018

Nairobi, Kenya

Kenya plans to raise as much as 55 billion shillings ($545 million) this fiscal year for an affordable-housing fund through a new tax, helping the state to finance 500,000 new low-income units promised by President Uhuru Kenyatta.

The average cost for each unit will be 2.3 million shillings, Principal Secretary for Housing and Urban Development Charles Hinga said Monday at a forum in the capital, Nairobi.

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The government introduced a 1.5 percent tax for both workers and employers in the fiscal year that began in July to fund the housing, which Kenyatta says will be built before his second and final term ends in 2022.

“We will be able to provide long-term mortgage and tenant-service schemes, and provide credit with interest rates of 3-5 percent to achieve an affordable housing vision” in which no one spends more than 30 percent of their disposable income on housing, Hinga said.

Housing Deficit

While 72 percent of all formally employed Kenyans earn between 15,000 shillings and 49,999 shillings a month, only 2 percent of the 50,000 houses built in the country each year are targeted at those on lower incomes, Hinga said.

Kenya had only 26,187 mortgages by the end of 2017, worth an average of 10.9 million shillings, according to central bank data. Home-loan assets stood at 223.2 billion shillings last year, with six lenders providing three quarters of the financing.

Kenya has a shortfall of 2 million units and needs to construct 300,000 houses annually to plug the deficit, according to Carlos Felipe Jaramillo, the country director for the World Bank.

Historically, high land prices were the biggest cause of inflated housing costs, leaving only 18 percent of the population owning homes in urban areas, according to the Kenya Bankers Association.

“Nairobi has the most expensive land in Africa,” Hinga said. “And this is because we don’t have enough serviced land and also there is a lot of land that is going from one hand to another for speculative purposes.”

Source:  Adelaide Changole, Bloomberg

FMBN Expends N2.8 billion In 985 Housing Units In Enugu

Nsukka (Enugu State) The Managing Director of Federal Mortgage Bank of Nigeria (FMBN), Mr Ahmed Dangiwa says the financial institution has expended N2.8 billion in the construction of 985 housing units in Enugu State.

Dangiwa said this on Monday in Nsukka, Enugu State during the ground-breaking ceremony of the FMBN/NLC/TUC/NECA National Affordable Housing Project at Nsukka. He said that the housing units were located in no fewer than five housing estate spread across the state.
He said that the bank had also advanced the sum of N123.62 million to 183 National Health Fund (NHF) contributors under the FMBN Home Renovation Loan.

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He said that the bank was consistently innovating to extend the frontiers of home ownership “because we believe everyone deserves a home”
He said that what the bank had been able to achieve in spite of challenges called for retrospection from states and organisations that had yet to enrol into the NHF scheme.

“The only way to enjoy these benefits is to participate in the NHF scheme. We appeal to every Nigerian to embrace and participate in the scheme as this remains the only sure and affordable route to home ownership.

Dangiwa said that the current effort to provide houses to Nigerians was the first of its kind involving all labour stakeholders and the FMBN.
“This is the commencement of collaborative housing projects for Nigerian workers who are enrolees of the NHF under the National Affordable Housing Delivery Programme (NAHDEP).

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“The bank will through this project deliver 100 units of houses in each state of the federation in a mix of 3, 2, 1 bedroom semi-detached bungalows and blocks of flats,” he said.
The managing director said that the programme was designed to be implemented in phases.

“What we are witnessing today is part of the first phase to be run as a pilot to deliver 1,400 housing units across the six geopolitical zones in the country.
“Each zone will have 200 houses with 100 units in two selected states,”Dangiwa said.

Also speaking, Minister of Labour and Productivity, Chris Ngige said that the event was one of the schemes rolled out to address the housing needs of Nigerians. Ngige said that the country with its huge population had only addressed 10 per cent of its housing needs with workers badly affected.

“I see this programme as a very big leap in the right direction. It involves a tripartite arrangement adopted by the Federal Government to address the housing issue,” he said. The minister appealed to the state government to provide the basic infrastructure needed at the site in order to achieve the dreams of those that conceptualised the projects.

Responding, Gov. Ifeanyi Ugwuanyi of the state said that the project was a laudable one that would transform the socioeconomic life of residents of the area. Ugwuanyi said that the state government was appreciative of the Federal Government for citing the project in the state.

The governor said that his administration desired to transform Nsukka into a complete modern city, adding that the ground breaking event signalled the beginning of development in the area.

Meanwhile, the Director General of Nigeria Employer’s Consultative Association ( NECA), Mr Olusegun Oshinowo, said that the event was one of the most remarkable events in the mass housing delivery for workers.

Oshinowo said that they were happy that the housing challenges of workers were gradually being addressed.
He appealed to employers to ensure that their workers got enrolled into the NHF to qualify for allocations.

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