According to Nwabufo, a memo on the bill will be submitted to the Federal Executive Council (FEC) for review.
A bill has been proposed by the Presidency to provide housing for low-income and unemployed citizens.
The bill has now been sent to the National Assembly.
Fredrick Nwabufo, Senior Special Assistant to President Bola Tinubu on Public Engagement, revealed this on Tuesday, stating that the proposed bill, titled National Social Housing Fund (NSHF), seeks to ensure all Nigerians, regardless of income level, have access to decent housing.
According to Nwabufo, a memo on the bill will be submitted to the Federal Executive Council (FEC) for review. He added that funding for the project will come from budgetary allocations and donations.
“Progress has been made to establish a National Social Housing Fund (NSHF) in line with the President’s Renewed Hope Agenda to ensure that all Nigerians including the low and no income, vulnerable and underprivileged groups have access to decent and dignified accommodation.
“A memo to the Federal Executive Council (FEC) and an Executive Bill to the National Assembly is underway for the creation of a National Social Housing Fund. Potential sources of funding include budgetary provision, donations from philanthropic organizations, corporate social responsibility, and voluntary donations from Nigerians.
“President Tinubu is confronting Nigeria’s housing challenge with gravitas and a deliberate plan, understanding the criticality of the situation. He is determined to renew the hope of citizens on affordable and functional housing,” Nwabufo wrote on his X handle.