The Federal Executive Council has authorised N31.66 billion to build a vital access road to the Federal Capital Territory’s Karsana Renewed Hope City.
The Minister of Housing and Urban Development’s Special Assistant for Media and Strategy, Mark Chieshe made this claim in a statement on Tuesday evening.
The approval, which was given during a Federal Executive Council meeting on Tuesday, is a component of the Federal Government’s larger initiatives under the Renewed Hope Agenda to promote urban development and solve the country’s housing need.
The minister expressed his gratitude to President Bola Tinubu for his visionary approach to housing, saying, “The Honourable Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa has extended his deepest appreciation to His Excellency, President Bola Ahmed Tinubu, GCFR, for his bold vision for housing development and consistent support towards achieving the goals of the Renewed Hope Agenda for housing and urban development.
“This commendation follows the approval of N31.66 billion by the Federal Executive Council (FEC) for the construction of a critical access road to the 3,112 Housing Unit Renewed Hope City in Karsana, Federal Capital Territory (FCT). The approval was granted during the FEC meeting today, following the presentation of a memo by the Honourable Minister of the Federal Capital Territory (FCT), Bar. Nyesom Wike.”
Dangiwa said the approval aligns with a directive from the President issued last year, emphasising the importance of infrastructure in the development of Renewed Hope Housing Project sites nationwide.
In discussing the significance of the approval, Dangiwa highlighted its importance for the overall success of the housing initiative.
“This approval demonstrates Mr President’s unwavering commitment to providing affordable housing for Nigerians and ensuring that all Renewed Hope Housing Projects are supported with the necessary infrastructure,” he stated.
“The construction of this road will enhance accessibility to the Karsana Renewed Hope City, making it easier for Nigerians to benefit from this landmark housing project,” he added.
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The Karsana Renewed Hope City, a flagship initiative under the Renewed Hope Housing Programme, is a key element in the administration’s strategy to address Nigeria’s chronic housing shortage. With a focus on delivering affordable homes, the project aims to improve living standards and foster economic growth.
Dangiwa also praised Wike for his diligent work in presenting the memo and aligning the project with the government’s overarching goals.
He affirmed the Ministry of Housing and Urban Development’s commitment to ensuring the Renewed Hope Housing Projects are delivered on time and to the highest standards.
The construction of the vital access road is expected to begin soon, with the project being closely monitored to ensure its timely completion.
