The Federal Minister of Housing and Urban Development, Musa Dangiwa, has revealed that government-funded one-bedroom apartments under the Renewed Hope Estates Programme cost N8 million to N9 million.
However, those developed through Public-Private Partnerships (Renewed Hope Cities) are priced at N22 million.
Dangiwa attributed the price disparity to differences in funding mechanisms, noting that Renewed Hope Estates are funded through budgetary provisions with subsidies for infrastructure and free land, ensuring affordability.
Source:Newsexpress
