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    MarketForces Africa » MarketForces News » FCTA to Build 10,000 Low-income Houses – Wike

    FCTA to Build 10,000 Low-income Houses – Wike

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiMay 23, 2024 News No Comments2 Mins Read
    FCTA to Build 10,000 Low-income Houses – Wike
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    FCTA to Build 10,000 Low-income Houses – Wike

    The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, says the FCT Administration will build 10,000 low-income houses for the poor in the territory.

    Wike disclosed this in Abuja on Thursday, during the Ministerial Sectoral Update on the performance of President Bola Tinubu’s administration in the last one year.

    He said that the project would be captured in the 2025 budget, under President Tinubu’s “Renewed Hope Cities” project.

    He explained that FCTA would provide the needed infrastructure to build the houses and allocate them to people who could not afford to build, stressing that they were not for the big men.

    The minister described land allocation as one of the most difficult problems in the FCT land administration, adding that the department was infested with corruption.

    “As I speak to you as a minister, it is one area that I have been battling with. But, I will defeat them.

    “Even to make land affordable for people to build houses, which is what we are supposed to do, is a problem,” he said.

    Wike frowned at the situation where  developers ask for 300 hectares of land to build 20,000 houses and after getting the allocation, they would not build the houses but allocate the land to people to make money.

    He said: “We cannot allow this. It is fraud and then the person brings politics and religion to the issue.

    “But we are equal to the task. Just be convinced that we have the political will to implement and do what is right.” #FCTA to Build 10,000 Low-income Houses – Wike

    Equities Investors Lose N85bn as Financial Stocks Decline

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    Ogochukwu Ndubuisi
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    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

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