Our Housing Units In Ogun Are Most Affordable For Low-income Earners In Nigeria -Abiodun - EDU-BIZNEWS


Thursday, March 31, 2022

Our Housing Units In Ogun Are Most Affordable For Low-income Earners In Nigeria -Abiodun

Governor Dapo Abiodun of Ogun State says his administration housing projects cost of production per unit is still the cheapest in Nigeria, which makes it possible for low income earners to own houses in the state with as low as N6million per unit

Abiodun made this known during the foundation laying of a new Housing Estate under the auspices of Premier Poverty Alleviation Initiative (PPAI) in Imasayi, Yewa North Local Government Area of the State.

The governor who was represented by the Commissioner for Housing, Jagunmolu Akande Omoniyi revealed that his administration had constructed about 2,000 housing units representing 80 percent of the 2,500 units promised by the administration 

He added that the Prince Court Phase 2 project at Kemta-Idi-Aba, Ilaro, Sagamu, Ijebu-Ode, and Ota housing projects would be completed soon. 

His words,“Our housing programme are targeted at low-income earners. We have employed the best means of developing these houses on direct labour method and our prices are the lowest in Nigeria. We are selling for about N6M through mortgage services, which only requires about 10 percent of the overall cost. The Federal Government and other providers are selling theirs for about N12M far above what we are doing in Ogun State”.

“That is why Ogun State remains the number one in the provision of affordable housing units across Nigeria. We have won this award in this category 2020 and 2021, which is an attestation that we are doing something right that others are not doing”, Governor Abiodun stated.

The Governor called on the people of Imasayi to support the actualisation of the PPAI project, adding that his administration encourages private sector participation which would alleviate poverty, attract investments, and ensure the development of the State.

Delivering the keynote address, Commissioner for Industry, Trade and Investment, Mrs. Kikelomo Longe commended the multidimensional approach of the Premier Poverty Alleviation Initiative (PPAI)

She said that the efforts would provide a favourable industrial climate for Micro, Small and Medium Enterprises (MSMEs) to thrive and empower one million people in the next two years, as well as alleviate poverty.

In his address, Founder, PPAI, Chief Toyin Adeyinka said the initiative was geared towards lifting people below the poverty line out of poverty, creating job opportunities, and providing affordable housing for many people. 

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