Home / News / Local / FG proposes N141 Billion for Housing in 2017 Budget; Federal Ministry of Information gets N49billion

FG proposes N141 Billion for Housing in 2017 Budget; Federal Ministry of Information gets N49billion

 Senator Udo Udoma-

Senator Udo Udoma-
The Federal Government has proposed to commit N100 billion toward a new Social Housing Programme and another N41 billion for federal government National Housing Programme, Minister of Budget and National Planning, Senator Udoma Udo Udoma announced at the public presentation of details of the 2017 budget proposals in Abuja on Monday. The drive to construct thousands of houses nationwide by the federal government and private developers was aimed at narrowing the housing deficit in the country and was in line with the focus of the budget on providing infrastructure. Under the Social Housing Programme, which would be funded through a N1trillion fund, thousands of affordable houses would be constructed throughout the country. Recently, the Minister of Finance launched a N13 billion mortgage refinancing fund to support the financing of house ownership for civil servants in the country.

Also the Federal Ministry of Information and Culture is to spend N49 billion in 2017 for its services, Senator Udoma also announced. He said that the sum of N41 billion has been proposed for the Ministry’s capital projects while the sum of N8 billion was proposed for overhead expenditure in the sector. The Minister made the disclosure following comments and observations by some members of the public at the public presentation on the proposed budget estimates that they did not hear the amount of money proposed for the vital Information and Culture sectors. While responding to the observations, Minister of Information and Culture, Alhaji Lai Mohammed stated that the Ministry would commence Digital Switch Over broadcast in Abuja on Thursday, December 22 and that 30 free channels would be available to all owners of television top-set boxes. He similarly expressed the determination of the Ministry to intensify the Change Begins With Me campaign, which he described as the flagship proramme of the Ministry.

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