Government Initiates Distribution Of 8,925 Homes Among Citizens

The distribution of 8,925 houses by the Federal Government through the National Housing Programme (NHP) has commenced nationwide, announced Marcus Ogunbiyi, the Permanent Secretary of the Ministry of Housing and Urban Development, in a statement released on Monday in Abuja.

Ogunbiyi disclosed that the initial phase of the allocation process has been completed following a thorough review of the terms and procedures governing house sales under the NHP. This initiative aligns with the government’s commitment to providing affordable housing, as outlined in the “Renewed Hope” agenda, which allocated N50 billion for constructing 40,000 housing units.

Out of the 8,925 received applications, 1,294 were for outright payment, 2,408 for mortgage, 2,184 for rent-to-own, and 3,039 for installment payment options. Provisional allocation letters for the first batch of successful outright payment applicants are now available for collection. These individuals will be contacted by federal housing controllers and the chairman/CEO of the Nigerians in Diaspora Commission (NIDCOM) for further instructions.

Applicants under mortgage, rent-to-own, and installment payment modes, who are required to be subscribers to the National Housing Fund (NHF), are currently undergoing profiling.

Notably, completed houses are not yet available in Abia, Lagos, Bayelsa, Rivers States, and the Federal Capital Territory (FCT). Allocation in these areas will occur after the completion of housing units later in the year.

The NHF is a federal government scheme that offers low-interest, government-funded loans to all employed Nigerians aged 21 and above. Members contribute 2.5% of their monthly salary to the fund through the Federal Mortgage Bank of Nigeria. The maximum loan amount has been increased from N5 million to N15 million, repayable over a maximum of 30 years at a 6% interest rate.

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