No fewer than 27 states have provided the land for the construction of houses for the masses, Mr Babatunde Fashole, the Minister of Power, Works and Housing, has said.
Fashola said in Lagos that most of the building materials to be used would be sourced locally to fast-track growth and reduce unemployment.
The government, he said, would lay the structure and establish a system for the project before calling for private sector participation in the housing scheme.
“If we achieve what we are planning, we would have built a system; if it becomes enduring like the new pension scheme, the better.
“When acceptability has set in, the private sector can be called in,” he said, adding that the Federal Mortgage Bank would play a significant role in providing funds.”
Fashola said the socio-cultural needs of each geopolitical zone would be considered in arriving at what architectural designs to choose for a particular town.
He said that the targeted group would be civil servants on levels eight to 15 and their contemporaries in the private sector who would spend an agreed number of years to pay for the houses.
According to the minister, once successfully established, the mass housing scheme will be continued by by successive administrations at all tiers of government as well as the private sector. (NAN)