FG promises support to discrete housing investors

FG promises support to discrete housing investors

The Federal Government has promised to assist Nigerians in the diaspora who wish to own a home in the country. Speaking at the Nigeria Diaspora Investment Summit in Abuja, the Minister of Housing and Urban Development, Mr. Ahmed Dangiwa, further committed to creating an environment where private sector investment in the construction sector is easier, safer and more profitable. .

Dangiwa revealed that Nigerians in the diaspora remit more than $24 billion annually for various projects including housing and urban development in the country.

He is responsible for several projects including the Diaspora City Project aimed at assisting the Nigeria Diaspora Commission (NIDCOM) in harnessing the huge potential of the diaspora in the development of the national economy across several sectors. He praised the government for defending its policies and programs.

The minister said that some of the housing sector reforms will be of particular interest to the diaspora interested in investing in the housing and real estate sector, adding that land administration will be streamlined.

NIDCOM Chairman Abike Dabiri blamed bureaucratic bottlenecks and inefficiencies in the system to ensure cost-effective and efficient access to land for both individuals and investors in the country.

Dabiri said over the years he has seen more and more Nigerians in the diaspora value and recognize innovative initiatives and will continue to contribute to economic and infrastructure development through the Diaspora City Project. Deaf added.

“The project is designed to include bungalows, semi-detached duplexes and apartments to reflect its inclusiveness. The goal is to ensure adequate shelter for Nigerians living abroad.” she added.

Source: guardian.ng

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