FG mulls N500bn housing budget for 2025

11/19/2024 3

The Federal Government on Monday stated that it is liaising with the National Assembly leadership to increase its annual housing budget to a minimum of N500 billion starting with the 2025 budget cycle.

The Minister of Housing and Urban Development, Ahmed Dangiwa, revealed this to newsmen at the maiden edition of Meet the Press forum.

Dangiwa argued that the appeal became necessary as the N50bn annual budget for housing is grossly inadequate compared to the yearly N5.5tn required to address the housing deficit.

According to him, increasing the budget will would allow them to expand housing projects to cover the remaining 18 states and increase the unit count per state from 250 to at least 500.

Written by: bossgmsi

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