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Wednesday 7 September 2016

Buhari's Affordable Housing Schemes Will Turn Tenants To Home Owners - Shehu

President Muhammadu Buhari through his Senior special
assistant on media and publicity, Garba Shehu has said
that its affordable housing schemes will soon transform
thousands of Nigerians from being tenants to proud owners
of houses and plots of land.
Garba Shehu in a statement on Monday in Abuja, said that
the scheme operated through the mortgage banking
system, was part of the programmes meant to uplift the
quality of lives of the citizens.
He said: “There are also programmes for affordable
housing with mortgages which will transform thousands
from tenant status to homeownership. Most of our road
contractors had not been paid since 2012, many of them
had sent their workers away adding to the unemployment
problem.
“This government has released capital allocations in the
last three months, that is more than the whole of 2015. In
2015, Nigeria spent a paltry N19 billion on roads, in three
months we have spent N74 billion and we are already
releasing more.”
Shehu added that the government had expended N26
billion in the transport sector, revealing that the
government would start a concession that would revive the
nation’s rail system for freight.
He expressed the hope that the movement of goods,
particularly foodstuff through the rail system would reduce
the cost of food items across market places in the
country.
“In the transport sector in 2015, government spent just
N4.2 billion; we have spent N26 billion with more to
follow,” he said.
“We are starting a concession that will revive our old rail
system for freight, whilst we build a new high speed rail
system.
“Moving heavy goods by rail will reduce our transport costs
which will reduce food prices and will save our roads from
damage from heavy loads.’’

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