Tinubu Kickstarts Abuja’s ‘Renewed Hope City’, Anticipates 500,000 Jobs From 3,112 Homes Construction

President Bola Tinubu on Thursday laid the foundation for the construction of 3,112 housing units in Abuja’s “Renewed Hope City” as part of his administration’s goal of providing 20,000 affordable housing for Nigerians.

Tinubu, while addressing the gathering during the ceremony in Karsana, Abuja, outlined his vision of building dynamic, integrated, and self-sustaining communities equipped with essential amenities for residents.

“This includes well-connected access and internal roads, provision of reliable and uninterrupted electricity, healthcare facilities to offer accessible and quality medical services and educational institutions to provide learning environments that nurture knowledge and skills,” said the president.

He instructed the Minister of the Federal Capital Territory and the Minister of Works to provide access roads to all Renewed Hope Cities and Estates Projects, starting with the Karsana site.

“Our goal is to increase the sense of togetherness, improve health and productivity of our citizens and reduce pressure on city centres. On this note, I am today directing the Minister of the Federal Capital Territory and the Minister of Works to provide access roads to all Renewed Hope Cities and Estates Projects to increase accessibility and livability starting with this site in Karsana.

“This is because my administration believes that every Nigerian deserves to have access to shelter that is affordable and adequate,” Tinubu added.

He further noted the economic potential of housing as a catalyst for inclusive growth.
“It is with this understanding that we have classified housing as essential social infrastructure and made it a major priority area towards delivering economic growth and Job Creation. At 25 direct and indirect jobs per house, the 20,000 housing units planned for the Federal Capital Territory alone will create 500,000 jobs.”

Expressing determination to bridge Nigeria’s housing deficit, the president pledged his commitment to promote public-private partnerships, provide incentives, and strengthen governance frameworks to attract investments and ensure transparency in addressing Nigeria’s housing deficit with urgency.

Tinubu further expressed satisfaction with the progress made by the Federal Ministry of Housing and Urban Development, which he noted has already awarded contracts for the construction of 200 housing units in twelve states as Renewed Hope Estates.

He urged the ministry to proceed with groundbreaking ceremonies in these locations, with completion expected before the end of 2024.