The Federal Authorities has acquired 200 hectares of land inside the Lekki Free Commerce Zone, Lagos, for a constructing supplies hub geared toward reducing housing manufacturing prices nationwide.
Minister of Housing and City Growth, Mr Ahmed Dangiwa, disclosed the event throughout a tour of business areas inside the Lekki and Lagos Free Zones, as reported by the Information Company of Nigeria (NAN) on Thursday.
He defined that the hub is meant to advertise native content material within the building sector, curb rising constructing materials prices, encourage home manufacturing, and help sustainable housing supply throughout the nation. Dangiwa added that comparable hubs are deliberate for every of Nigeria’s six geopolitical zones.
“The Federal Authorities has secured 200 hectares of land inside the Lekki Free Commerce Zone, Lagos, for a constructing supplies hub to scale back housing manufacturing prices.
“The Minister of Housing and City Growth, Mr Ahmed Dangiwa, disclosed this throughout a tour of business areas inside the Lekki and Lagos Free Zones,” the NANA report learn partly.
In response to the minister, the hub can be supported by intermodal transport infrastructure—together with seaports, airports, railways, and roads—to make sure environment friendly operations.
He revealed that an investor has already been secured to kickstart the mission, which is anticipated to scale back reliance on imported supplies, save international alternate, and create jobs by native manufacturing.
In August 2024, the Federal Authorities introduced plans to ascertain constructing supplies hubs throughout Nigeria’s six geopolitical zones to spice up native manufacturing, scale back import dependence, create jobs, and help reasonably priced housing nationwide.
Every hub will produce roofing sheets, ceilings, tiles, and doorways, and supply important infrastructure corresponding to energy, water, and employee lodging. Traders will obtain a minimal of 100 hectares and may submit their very own designs.
