IGP Kayode Egbetokun Proposes To Initiate N100 Billion Fund For Nigeria Police Housing Scheme.

The Inspector-General of Police (IGP), Mr kayode Adeolu Egbetokun, has revealed plans to establish N100 billion Police Housing Fund to solve accomodation problem and deliver affordable housing for personnel of the force


IGP Kayode Egbetokun

Egbetokun declared this on Monday in Abuja at the opening of a two-day Police Housing Summit. A probable critical platform for discussing and developing strategies to realize NPF goal of providing accessible and affordable housing to officers and men.

The theme “Renewed Hope for Police Housing in Nigeria,” and supported by sub-themes such as “Accessible Housing: An Indispensable Welfare Tool” and “Pragmatic Solutions for Police Housing, aimed to foster comprehensive solutions for the swift delivery of quality, cost-effective housing solutions—both rental and owned—for our force members, active and retired

According to the IGP, the objectives of the Nigerian Police Housing Summit 2024 are, to articulate a vision of ‘effective and efficient’ housing as an essential tool for the welfare of the Nigerian Police Force’s men and officers, to create a dynamic interactive platform that brings together key stakeholders in the housing sector, fostering collaboration towards achieving our housing vision, and to propose actionable strategies for the rapid delivery of affordable housing.

Other objectives are to facilitate the financing needed for the sustainable development and demand for affordable housing, to align the housing initiatives of the Nigerian Police Force with eco-friendly and sustainable practices, to provide a venue for networking and strategic collaboration, creating synergies among stakeholders that will support the implementation of our housing vision and to support the development of the Police Housing Association as a key mechanism for delivering housing to the force.

“Today marks the launch of the inaugural Nigerian Police Housing Summit. Under the theme “Renewed Hope for Police Housing in Nigeria,” and supported by sub-themes such as “Accessible Housing: An Indispensable Welfare Tool” and “Pragmatic Solutions for Police Housing,” this summit is envisioned as a critical platform for discussing and developing strategies to realize our goal of providing accessible and affordable housing to our officers and men.”

IGP Egbetokun further said that the critical discussion point will be the establishment of a 100 billion Naira Police Housing Fund. Preliminary assessments are underway, and engagements with key players and institutions have begun.

The experts and facilitators gathered here today will play a crucial role in refining our strategies and ideas
In his remarks, the Minister of Housing and Urban Development, Arc Ahmed Musa Dangiwa commended the Inspector General of Police, Mr Kayode Egbetokun, for deeming it appropriate at this time to put this event together with the right set of critical stakeholders, central to resolving the challenge of providing shelter to the rank and file of the Nigeria Police.

Dangiwa said one key aspect of our strategy is to leverage partnerships with both the public and private sectors. Collaboration is essential in harnessing resources, expertise, and innovative solutions to accelerate the pace of development.

“Through strategic alliances and creative financing mechanisms, we can overcome the constraints that have hampered progress and defiver tangible results within a reasonable timeframe.

He announced that the Government has flagged off the development of 100,” Renewed Hope Cities and Estates Programme with the groundbreaking of a 12-unit pilot housing project in Karsana. FCT by President Bola Ahmed Tinubu, GCFR.

The FEDERAL MORTGAGE, an agency under the direct supervision of the Ministry is supporting this initiative with the provision of a NI00 billion off-taker guarantee to the consortium of developers in addition to its commitment to provide mortgage loans to the off takers upon completion of the houses.

The delivery of this target will be spread across the nation and I have no doubt that a good number of our men in uniform would also emerge as beneficiaries under this arrangement.

Since the inception of the NHF Scheme, the Bank and the Nigeria Police have enjoyed a productive relationship while the following has been reported as the value that the Federal Mortgage Bank of Nigeria has added to the Nigeria Police over the years:

He said the disbursement of mortgage loans to the tune of N2,908, 122,800.00 to 807 beneficiaries, the disbursement of N2, 1 64, 122,372.40 to the Police Cooperative Housing Development Company to construct 806 housing units. The disbursement of El 57,885,000.00 to 22 beneficiaries under the Rent-to—Own Loan platform.The disbursement of as Home Renovation Loan to 316 police officers.

The funding of ongoing housing projects for the Police Cooperative in various locations of Abia, Adamawa, Ogun, Kaduna and the FCT; and the refund of a cumulative sum of NI,896,715,987.67 to 18,619 Police officers and men who have retired from service in line with the provisions of the NHF Act.

In his remark, Mr Dan-Mallam Mohammed, the Managing Director of Nigerian Police Force Property Development and Construction Company, said the summit was to create an environment for stakeholders to brainstorm.

Mohammed, a retired Deputy Inspector-General of Police (DIG), represented by ACP Yahaya Abdulhassan, said the focus of the summit would be housing delivery to personnel of the Nigeria Police.
He said the idea was to deliver affordable housing for personnel of the force.

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