konga Ad Campaign konga Ad Campaign konga Ad Campaign
ADVERTISEMENT
  • The Membership Club
  • #EndSARS Dashboard
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Monday, July 4, 2022
Premium Times Nigeria
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Special Reports and Investigations
      • Health Specials
    • Features and Interviews
    • Multimedia
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • #PandoraPapers
  • AUN-PT Data Hub
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Special Reports and Investigations
      • Health Specials
    • Features and Interviews
    • Multimedia
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • #PandoraPapers
  • AUN-PT Data Hub
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
Ado Bayero Royal City Estate, Darmanawa , Kano

FILE PHOTO: Ado Bayero Royal City Estate, Darmanawa , Kano

Family Homes Fund: Investing to provide homes and jobs

byPremium Times
August 30, 2018
2 min read

Through International recruitment firm – PriceWaterHouse Coopers, the Family Homes Funds has launched a recruitment campaign to secure top quality capacity to deliver an ambitious. affordable housing programme as a key aspect of the Government’s Social Intervention Programme.

By 2023, the Family Homes Funds – a special purpose investment vehicle having the Nigerian Sovereign Investment Authority and the Federal Ministry of Finance Incorporated as founding shareholders – aims to have supported the development of over 500,000 homes and 1.5m jobs for Nigerians on low income.

Towards that goal, the Funds has recently completed the construction of 400 homes with an average cost of N3.5m in Grand Luvu, Nasarawa State – part of over 4,000 homes under construction in 5 states namely Ogun, Nasarawa, Kano, Delta and Kaduna.

A further 30,000 homes are at advanced stages of negotiation with development partners and will commence by November 2018. As the new company builds capacity through the ongoing recruitment campaign, it will achieve a program of 80,000 homes by December 2019.

Creation of new jobs is a critical element of the Funds programme. Ongoing investments are already making a real difference with over 13,000 jobs created and about 360,000 to be created from current development pipeline. The Grand Luvu Project in Nasarawa State has created about 8000 jobs.

26-year-old Kabiru Usman has been unemployed since graduation from Nasarawa State University. He was employed and obtained training on the Funds Grand Luvu project. He has now acquired valuable skills with guaranteed long term employment and income to support his young family.

So also has Hassan Ladan, an unskilled and unemployed youth who has had to depend on his family for handouts until he was employed as a mason on the project site.

In Kaduna, the Millennium City project has directly engaged slightly over 200 persons which includes local artisans inc carpenters, brick layers etc.

Yusuf Ishaq an unemployed itinerant bricklayer now has a stable source of income at the Kaduna Construction, so also does Abubakar Sidi, a Carpenter who has had to relocate to the site area because of the job stability that the project offers.

The story is no different for Abu Imtiaz, a graduate of Accounting from Kaduna Polytechnic, who before now wasn’t employed, but is now engaged as an accountant on site.

According to officials of the Fund “…Our focus is to create homes that people, particularly those on low income can afford but beyond that, ensure that we provide opportunity for them to earn decent wages consistently through our investment in these projects. We have spent the last 9months building very strong foundations for a major take off and now we should start seeing the results…..affordable homes and jobs for local people”

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket



Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: Call Willie - +2348098788999






PT Mag Campaign AD

Previous Post

UPDATED: APC adopts direct primary for presidential ticket, leaves others open

Next Post

LIVE UPDATES: UEFA Champions League 2018/19 group stage draw

Premium Times

Premium Times

More News

Jumia Nigeria Donates over 2,000 UN certified helmets to Delivery Associates

Jumia Nigeria Donates over 2,000 UN certified helmets to Delivery Associates for enhanced safety

July 1, 2022
Polaris Bank MD/CEO, Innocent C.Ike (Middle), receiving the NHEA Health Excellence Award from NHEA Advisory Board Chairman &, Dr. Anthony Omolola (4th from left) & Dr. Olaokun Soyinka (3rd from left) joined by Polaris Bank's ED, Lagos Business, Segun Opeke (1st left) & Moses Braimah, Director NHEA Marketing, Communication & Strategy.

Polaris Bank clinches healthcare excellence award

June 30, 2022
Foremost real estate investment company, Lekki Gardens, as part of its efforts towards closing the critical housing gap in Nigeria and enabling more people to make the most value of their property and property-related investments, signs N25billion Commercial Paper to deepen its market offering to customers

Lekki Gardens signs ₦25billion Commercial Paper approved by FMDQ

June 27, 2022
FCMB

FCMB leads in Nigeria’s digital space as physical place takes back bench

June 24, 2022
L-R: Chairman, Noor Takaful Insurance Limited, Muhtar Bakare; Rector, College of Insurance and Financial Management (CIFM), Yeside Oyetayo; Managing Director, Lotus Capital Limited, Hajara Adeola; Representative, Commissioner of Insurance,NAICOM, Gabriel Oloba and Vice Chairman, Noor Takaful Insurance Limited, Aminu Tukur during the presentation of cheques to customers at the 2020 Surplus Distribution event held today in Lagos

Noor Takaful distributes N109million surplus to policyholders

June 24, 2022
Onaga Ikechukwu

TuruUgoLota Progress Tour: Onaga Ikechukwu wins N5million music recording deal in Enugu

June 22, 2022
Next Post
UEFA Champions League 2018 Draws

LIVE UPDATES: UEFA Champions League 2018/19 group stage draw

Titi Oseni-Gomez

Former Ogun speaker leaves PDP

Leave Comment

Search

AUN-PT Ad




Access Bank Ad







Subscribe to News via Email

Enter your email address and receive notifications of news by email.

Join 13,453 other subscribers.

Advertisement




netherland biz school Advert



ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • #PandoraPapers
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • COVID-19
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Investigations
    • Investigations
    • Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • #EndSARS Dashboard
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • AUN-PT Data Hub
  • Opinion
  • The Membership Club
  • DONATE
  • About Us
  • Advert Rates
  • PT Hausa
  • Dubawa NG
  • Careers
  • Contact Us
  • Digital Store

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.