The Federal Ministry of Housing and Urban Development has approved uniform sale prices for housing units under its Renewed Hope Estate Programme across the country.
This was disclosed in a statement issued by the Ministry’s Director of Press and Public Relations, Badamasi Haiba, in Abuja on Thursday.
According to the statement, the housing units, which include one-, two-, and three-bedroom semi-detached bungalows, are part of the government’s effort to make homeownership more accessible and equitable for Nigerians.
Haiba said, “The approved selling prices are as follows: one-bedroom semi-detached bungalow, ₦8.5 million; two-bedroom semi-detached bungalow, ₦11.5 million; and three-bedroom semi-detached bungalow, ₦12.5 million.”
He explained that the adoption of uniform selling prices was to promote affordability, transparency and fairness, ensuring that Nigerians across all regions have equal opportunities to benefit from the Renewed Hope Housing Programme.
The Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, stated that priority in the allocation of the housing units would be given to low and middle-income earners, civil servants at all levels, employees in the organised private sector with verifiable sources of income and Nigerians in the Diaspora, who wish to own homes in the country.
Also speaking on the development, the Permanent Secretary, Dr Shuaib Belgore, said various payment options had been introduced to make the houses affordable and flexible.
He listed the payment options to include outright (full) payment, mortgage, rent-to-own scheme and instalment payment plans.
The Ministry further announced that the sale of the completed housing units in both the northern and southern parts of the country would commence soon.
Interested applicants are to apply through the Renewed Hope Housing online portal at www.renewedhopehomes.fmhud.gov.ng or obtain application forms from the Ministry’s headquarters and field offices nationwide.