The Federal Ministry of Housing and Urban Development has announced uniform sale prices for housing units under its Renewed Hope Estate Programme nationwide.
This was contained in a statement signed by the Ministry’s Director of Press and Public Relations, Badamasi Haiba, in Abuja on Thursday.
According to the statement, the housing units, which include one-, two-, and three-bedroom semi-detached bungalows, are part of the government’s efforts to make homeownership more accessible and equitable for Nigerians.
Haiba stated, “The approved selling prices are: One-bedroom semi-detached bungalow: ₦8.5 million, Two-bedroom semi-detached bungalow: ₦11.5 million, and Three-bedroom semi-detached bungalow: ₦12.5 million.” He explained that the adoption of uniform selling prices aims to promote affordability, transparency, and fairness, ensuring that Nigerians across all regions have equal opportunities to benefit from the Renewed Hope Housing Programme.
Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, noted that priority in the allocation of the housing units will be given to low- and middle-income earners, civil servants at all levels of government, employees in the organised private sector with verifiable sources of income, and Nigerians in the Diaspora who wish to own homes in the country.
Providing more details, the Permanent Secretary, Dr. Shuaib Belgore, said that several payment options have been provided to make the houses affordable and flexible. These include outright (full) payment, mortgage, rent-to-own scheme, and installment payment plans.
The Ministry added that the sale of completed housing units across the northern and southern regions will soon commence. Interested applicants can apply through the Renewed Hope Housing online portal at www.renewedhopehomes.fmhud.gov.ng or visit the Ministry’s headquarters and field offices nationwide.