FEDERAL GOVERNMENT TO RAISE INVESTMENTS IN AFFORDABLE HOUSING

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The Minister of Works and Housing, Babatunde Fashola, on Monday, disclosed the government’s plans to provide additional affordable housing units for Nigerians through its investments in a pan-African finance institution, Shelter Afrique.
The minister stated that with a contribution of $22.5 million and a shareholding capacity of 15.8 per cent, the nation has secured the capacity to improve investments in social housing schemes for its citizens.
Fashola said this in his opening remarks during the 42nd Annual General Meeting and Symposium of Shelter Afrique.
The minister said the funds were a much-needed injection of life-restoring capital to the company.

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