Abuja - A consortium of Nigerians in the Diaspora has partnered with government to build 60 000 houses around the country.
The agreement between the Ministry of Lands, Housing and Urban Development Cyrus Projects Nigeria Limited, the consortium of foreign-based Nigerians, will culminate in the construction of 10 000 units in each of the country's six geo-political zones.
Ama Pepple, the Minister of Lands, Housing and Urban Development, disclosed this in Abuja on Thursday.
The Ministry, under this agreement, is currently funding the provision of infrastructure for the social housing component of the project in a pilot phase in Lafia, Nasarawa State.
Another 144 mixed housing units of 1-3 bedroom apartments are under construction in Lugbe, Abuja following a collaboration with Aso Savings and Loans and Federal Mortgage Bank of Nigeria.
Pepple urged estate developers to embrace the concept of mixed development in housing delivery and ensure that at least 20 percent of the total number of housing units built were allocated to low income earners.
With a ballooning population that currently stands at more than 160 million, Nigeria requires a minimum of 1 million housing units per year to avert a serious housing crisis by 2020.
- CAJ News