FG To Spend N100bn On Low Cost Houses For Nigerians In 2017
The Minister of Budget and National Planning, Udoma Udo Udoma, has disclosed plans by the federal government to spend N100 billion to provide inexpensive houses for Nigerians this year through the Social Housing Fund (SHF).
He made this known on Thursday during a chat with the media in Abuja.
According to the Minister, the houses would be a product of President Muhammadu Buhari’s idea of marrying the annual budgets with national planning through special intervention funds.
Udoma also said the federal government believes in long term planning which is why “we have come out with the Economic Recovery and Growth Plan (ERGP) which is planning even beyond the life of the President Muhammadu Buhari’s administration.
“We are talking about 2020.
“So, it is that ERGP that is going to feed into every budget. So every budget will have to be in accordance with the plan. So, we believe in it.