The Minister of Housing has revealed that the National Assembly's (NASS) intervention played a pivotal role in securing an additional N50 billion for the national housing budget, demonstrating the collaborative effort between the legislative and executive branches to tackle the nation's housing crisis.
This significant increase in funding is poised to accelerate the implementation of vital housing projects and initiatives nationwide, addressing the persistent housing deficit and providing affordable housing options for Nigerian citizens.
The augmented budget will enable the government to expand its housing programs, including the construction of low-cost housing units, the provision of mortgage financing, and the development of infrastructure in housing estates. The increased funding will also support initiatives aimed at improving access to land and promoting sustainable housing development.
The NASS's intervention underscores its commitment to addressing critical infrastructure needs and improving the living conditions of Nigerians. The government is expected to prioritize transparency and accountability in the utilization of these funds to ensure that they are used effectively to achieve the desired outcomes.