Already about 20 states have indicated interest in the ESP, which is aimed at providing affordable houses for low income earners.

This was made known on Sunday in Abuja in a statement issued by his Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, Mr. Laolu Akande.

Recall that in June 2020, President Muhammadu Buhari approved the sum of N2.3 trillion Economic Sustainability Plan prepared by the Vice President Yemi Osinbajo-led Economic Sustainability Committee.

“To achieve the low-price points being targeted, a model design has been produced for the 1- and 2-bedroom houses against which a sample house has been built to demonstrate the costings.

“The form of financial assistance that will be made available to Nigerians include mortgage loans at low interest rates.

“Financing will be arranged through the designation of a Homes Warehousing Agent that will purchase the completed homes from the developers. Individual buyers will then purchase homes from these Home’ Warehousing Agents.

“Family Homes Fund Limited (FHFL) has mobilized cooperatives and other such organised groups across the country as the main offtakers for the homes.

“For instance, FHFL recently met with 93 Cooperative Leaders from the 6 geographical zones, under the aegis of the Co-Operatives Federation of Nigeria.

“A Housing Portal that allows all interested parties in the scheme to get more information on the programme and express their interest in it will be launched on the 16th of December. Possible interested parties include individuals and organized groups interested in home ownership under the scheme, as well as delivery partners including developers, young professionals in the building industry, suppliers, and manufacturers.