The Minister of Housing and Urban Development, Ahmed Dangiwa, has said that the housing ministry can generate N300bn from the sale of houses in two years.
According to a post on the ministry’s website, Dangiwa made this disclosure while briefing the Senate Committee on Lands, Housing, and Urban Development during their oversight visit to the ministry.
It stated, “While fielding questions from the journalists during the oversight visit, the housing minister was delighted to inform that the Senate Committee advocated more funding for the ministry to the tune of N500bn, further expressing hope that the ministry can return up to N300bn to the coffers of government from the sale of houses in two years, given a budgetary allocation of N500bn.”
He also noted that the ministry’s ongoing efforts were highly appreciated by the Senate Committee.
The ministry has done groundbreaking for the Renewed Hope Cities and Estates in 13 sites, which is funded by the 2023 supplementary budget.
