WorldStage NewsOnline—- The Federal Government has inaugurated a 650 affordable housing units comprising 192 one-bedroom, 230 two-bedroom semi-detached terrace and 228 three-bedroom bungalows near Asaba.
The Vice President Yemi Osinbajo accompanied by Gov. Ifeanyi Okowa on Friday, had earlier visited the Asagba of Asaba, Prof. Chicken Edozie.
He arrived the Housing Estate located in Aniocha North Llcal Government Area at about 6:30 pm, performed the ceremony and felicitated with the host community and the monarchs of the people.
The project which was started in February 2018 with initial N500 billion capital was funded by the Family Homes Funds, a social housing initiative of the Federal Government.
The fund with the initial share holding by the Ministry of Finance Incorporated (MOFI) and Nigerian Sovereign Investment Authority (NSIA),was to raise another N800 billion from Direct Foreign Investment (DFI) as partner, to finance the programme.
The fund’s objective is to work with partners to create 500,000 new homes and 1.5 million jobs by 2023.