HOUSING MINISTRY PROPOSES N5.5BN FOR MORE PROJECTS - Infopalavanews

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Wednesday 10 November 2021

HOUSING MINISTRY PROPOSES N5.5BN FOR MORE PROJECTS



          The Ogun State Ministry of Housing has proposed a budget of N5.5bn for the 2022 fiscal year to enable it to provide more affordable housing for the people of the State.                  


          Commissioner for Housing, Jagunmolu Akande Omoniyi stated this at the Obas’ complex, Oke-Mosan, Abeokuta during the Treasury Board meeting on Year 2022-2024 Medium Term Expenditure Framework in preparation for the 2022 budget.


          He said the Ministry intended to spend N1.9bn on capital projects, the sum of N353m would be used for recurrent expenditure on staff salaries and allowances, while N88m will be expended on housing projects, proposing to generate N637m as Internally Generated Revenue for the coming year.


          Omoniyi noted that the government would continue to provide affordable housing in phases, in order to accommodate and satisfy subscribers, saying the quality and standard of the structure and facilities provided in the first phase had encouraged people to key into the second phase.


          The Commissioner highlighted some of the projects that would be embarked upon by the Ministry next year to include; completion of Sagamu and Ilaro affordable housing estates, as well as the construction of affordable housing in Iperu.


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