May 22, (THEWILL)- Nigerians now have the opportunity to buy houses from the comfort of their homes as the federal government, on Tuesday, launched a portal that will enable them carry out all their transactions in the purchase of Renewed Hope Housing estates nationwide.
Speaking at the unveiling of the Renewed Hope Housing Platform, in Abuja, Minister of Housing, Ahmed Dangiwa, said President Bola Tinubu was determined to break all the barriers to home-ownership for Nigerians.
Dangiwa said the new platform provides an online, transparent, easy-to-use, integrated web-based application for the sale of homes under the Renewed Hope Cities and Estates Programme of the Ministry, which the president launched earlier this year.
“The platform also integrates features that offer flexible payment options, including both one-time payments and instalment plans, catering to different financial situations. It also provides easy access to mortgage plans, allowing home-buyers to check their eligibility and apply from anywhere in the world.
“It supports equity contributions for mortgages, streamlining financial planning for buyers. Integrated features like credit checks and bank statement generation simplify the application process. Buyers can also apply for the release of up to 25 percent of their Retirement Savings Account (RSA) balance for additional financial support.
“As you may recall, in December 2023, we signed a Memorandum of Understanding (MoU) with a consortium of developers, led by Continental Civil, to deliver 100,000 housing units nationwide.
“This platform is a key part of this partnership. With this online housing sales platform, we aim to streamline the process for the marketing and sale of houses being built under the Renewed Hope Cities and Estates Programme”, he added.
“Currently, we have Estates in 12 locations and 3 Cities across the country. The Estates are sited in Yobe, Gombe, Ebonyi, Abia, Nasarawa, Benue, Akwa Ibom, Delta, Katsina, Sokoto, Oyo and Osun. The Cities are in Abuja, Kano and Lagos”, he said.
Also speaking, the Managing Director of Quantum Agency Services Limited, the marketing partners for the project, Adetola Jagunna, said the new arrangement will be very different from what was obtained in the past.
She said that from the comfort of their homes, Nigerians can start from the beginning to the end, once they log on to the platform, including pre-qualification to repayment and offer letter with a step-by-step display of the completion rate during the process.
“You can get your offer letter from the platform. There’s no bureaucracy. You accept your offer letter on the platform, you can make your initial deposit from the platform, you get your receipt generated from the platform, get your allocation from the platform and then it’s off the market.
“So this is very different. It is not the one that you say, it’s been distributed among them. No. The same way I am going to apply is the same way every other person is going to apply”, she added.
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