Abuja: The Federal Government has approved standardised pricing for units in the Renewed Hope Housing Estate, with sale prices ranging from ₦8 million to ₦12.5 million.
The move aims to promote transparency, affordability, and equitable access to homeownership under the Renewed Hope agenda.
Mr Badamasi Haiba, Director, Press and Public Relations of the ministry, made this known in a statement on Thursday in Abuja.
Haiba said the move was aimed at enhancing affordability and ensuring fairness for qualified Nigerians.
According to him, the housing units, which comprise one-, two-, and three-bedroom semi-detached bungalows, are part of the Ministry’s efforts to make homeownership more accessible and equitable for Nigerians.
“The approved selling prices are as follows: One-bedroom semi-detached bungalow: ₦8.5 million; two-bedroom semi-detached bungalow: ₦11.5 million, and three-bedroom semi-detached bungalow: ₦12.5 million.
Haiba said, “The adoption of uniform selling prices aims to promote affordability, transparency, and fairness.
“It will ensure that Nigerians across all regions have equal opportunities to benefit from the Renewed Hope Housing Programme.”
The director explained that the Minister of Housing and Urban Development, Ahmed Dangiwa, stated that priority in the allocation of housing units would be given to low- and middle-income earners and to civil servants at all levels.
He said that priority would also be given to employees in the organised private sector with verifiable sources of income, as well as to Nigerians in the Diaspora who wish to own homes in the country.
Haiba said that several payment options had been provided to make the houses affordable and flexible.
These included: Outright (full) payment, mortgage, rent-to-own scheme, and instalment payment plans.
The Ministry further announced that the sale of completed housing units across the Northern and Southern regions would commence soon.
