Stella Dimoko Acting President Says Nigerians Can Now Own Houses With N30,000


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Tuesday, 30 May 2017

Acting President Says Nigerians Can Now Own Houses With N30,000

Acting President Yemi Osinbajo says under the N100 billion social housing scheme of the present administration, anyone who can afford N30,000 will be able to own a house.

He said this at the Banquet Hall of the Presidential Villa in Abuja on Monday at an event tagged "A Smile for Every Nigerian" organised to commemorate the administration's second anniversary.

The acting president explained that the housing scheme was part of the administration's social intervention prpgramme that had not been mentioned.

He said: "This is 100bn set aside for the Family Home Fund our Social Housing Project. The 100b is a yearly contribution to our N1trn Social Housing Fund, the largest in the history of the country. The World Bank and the African Development Bank are contributors to the Fund. From this Fund, developers will borrow 80% of the cost of project and counter fund with their own 20%.

"The same fund will enable us to provide inexpensive mortgages for hundreds of thousands across the country who want to own homes. Anyone who can afford N30,000 will be able to buy a home under our new social housing fund scheme. Already, the project has started in 11 states. We expect that this family housing fund will jump start and expand construction exponentially across the country."

Speaking further, the acting president maintained that the Gross Domestic Product (GDP) growth should translate to jobs.

"First the trickle down model has proved far too slow to stem the tide of poverty in one of the fastest growing populations in the world. Secondly, most of the growth was on account of the oil sector which is capital intensive but not labour intensive.

"So, while we were recording growth levels of 7% because of the high oil prices, unemployment figures grew, the acting president stated.

He sad in developing the APC manifesto and the economic development plans, the administration knew it had to directly intervene with a massive social investment programme that would tackle poverty and exclusion across the various spectra.

from dailytrust


  1. Do they know how many houses are owned by Nigerian Landlords??

    Maybe they will share the 100billion among them sha

  2. Replies
    1. Osibajo for president 🙌

  3. Okay, by theory #30,000 but practically #1,000,000 plus to .......!😈😈😈😈😈

  4. In our various villages he meant I guess. Biggest lie of da century. Msheeeeeeeeeeew

  5. I watched the video. He said it's 30k/month

  6. O hope is true, before he will say it and tomorrow he will be talking something else.

  7. For some reasons I choose not to believe this "good news" as I'm sure some politicians would hijack this and go on a buying spree and later start reselling at ridiculous amounts.

  8. Story for the ancestors

  9. Mr Daddy, stop hoodwinking us with ur words. No one can just go on media n distract me with nasty words

    Mc pinky

  10. The video says 30k monthly. Although it didn't say how long one will pay for.

  11. This Pastor,Prof,SAN,VP Osinbajo can lie for Africa Sha... He should better say that to his Ikenne people

  12. Hmmmm, 30k just like that? And I am a landlord? Adonbiliivit.

  13. Na today yansh dy for back? They will build the house sale it within themselves & resale @ terrible ridiculous amount.

    1. *sell,*resell. You are welcome

  14. now I know osibanjo is no longer a professor,
    buhari has ruin this man,
    he now reason like tunde bakare

  15. Another lie from the stable of Apc! Chai! Can't wait for 2019 to come by so as to show this lying government the exit door.


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