The capital city of Nigeria is about to experience an unprecedented improvement in terms of housing, as the Nigerian Capital Development Fund (NCDF) is about to launch a pilot estate in Abuja.
Reports have it that this developmental step by NCDF was inspired by its aim of supporting the Government of Nigeria in achieving its sustainable developmental objectives.
It is clear that the government alone cannot sufficiently address the developmental needs of the people and their various communities.
The social investment institution which was founded eight years ago has supported the Federal government of Nigeria in its quest to provide affordable housing for indigent Nigerians.
With Private-Public Partnerships like the NCDF / FGN Partnership, NCDF / BENUE STATE Partnership, NCDF / IMO STATE Partnership, and other recent private sector partnerships, the institution has been able to provide more than 7000 Affordable Social Housing for Nigerians.
The new pilot estate in Abuja is one of the affordable housing units the Nigerian Capital Development Fund (NCDF) targets to contribute towards solving the problem of housing shortage of over 17 million in Nigeria, and creating employment for the unemployed with its designed affordable homes
With the launching of the estate, it’s expected that the estate would trigger an economic multiplier effect in terms of businesses, jobs and entrepreneurial activities as youths will have something to sell to occupants of the estate. This in turn contributes to the Gross Domestic Product (GDP) and in a long run brings about national development.