The Institute of Empowerment and Strategy has unveiled plans for the construction of 20,000 housing units across the country, valued at over $4bn.
The gesture, it said, was to address the housing deficit in the country.
The Director-General of IES, Dr. Boniface Afifia-Oru, at a press briefing in Abuja, said the agency had secured financial partnership with reputable international organisations that were ready to invest heavily in Nigeria’s critical sectors, including the housing sub-sector.
He said, “We will soon commence the building of 20,000 units of affordable mortgage housing estates across the nation. With the support of our international partners, the Institute of Empowerment and Strategy shall key into the implementation of the National Economic Empowerment and Development Strategy.”
Speaking on the poverty index in Nigeria, Afifia-Oru said that there was a great gap imbalance in the distribution of income, wealth and wages among the people in African countries.
According to him, only a few privileged people of less than one per cent hold and control about 90 per cent of the African growth.
“We have come on a rescue mission to complement the efforts of the Federal Government’s transformation agenda to change the tide of impoverishment to empowerment, joblessness to wealth creation, unequal status to economy in Africa, with the annual growth of 7.6 per cent,” he added.
The gesture, it said, was to address the housing deficit in the country.
The Director-General of IES, Dr. Boniface Afifia-Oru, at a press briefing in Abuja, said the agency had secured financial partnership with reputable international organisations that were ready to invest heavily in Nigeria’s critical sectors, including the housing sub-sector.
He said, “We will soon commence the building of 20,000 units of affordable mortgage housing estates across the nation. With the support of our international partners, the Institute of Empowerment and Strategy shall key into the implementation of the National Economic Empowerment and Development Strategy.”
Speaking on the poverty index in Nigeria, Afifia-Oru said that there was a great gap imbalance in the distribution of income, wealth and wages among the people in African countries.
According to him, only a few privileged people of less than one per cent hold and control about 90 per cent of the African growth.
“We have come on a rescue mission to complement the efforts of the Federal Government’s transformation agenda to change the tide of impoverishment to empowerment, joblessness to wealth creation, unequal status to economy in Africa, with the annual growth of 7.6 per cent,” he added.
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