President Bola Tinubu has officially launched the Renewed Hope Cities and Estates programme with the groundbreaking ceremony for a 3,112 housing unit project in Karsana District, Phase 3, Federal Capital Territory, Abuja.

The Renewed Hope Cities and Estates Programme, a crucial component of a Public-Private Partnership established in December 2023, aims to address the housing deficit in Nigeria by constructing a total of 100,000 housing units nationwide.

President Tinubu had in a bid to tackle the pressing issue of housing deficit, authorized 100 billion naira for the Ministry of Housing and Urban Development in the 2023 Supplementary budget.

Additionally, 18.9 billion naira has been allocated in the 2024 budget for the implementation of the Renewed Hope Cities and Estates project, alongside Urban and Slum Upgrading programmes.

During the groundbreaking, President Tinubu said the housing units serve as a testament to his administration’s belief that every Nigerian deserves affordable and decent accommodation.

The Minister of Housing and Urban Development, Musa Dangiwa, and Senator Aminu Tambuwal, thanked the President for the project. First to speak was the Minister.