• Federal Housing Authority (FHA) has finalized plans to develop diaspora cities across the nation. This project is being packaged under a tripartite partnership arrangement with Federal Housing Authority as project developers / owners, Federal Ministry of Power, Works & Housing (FMPW&H) as project facilitators and Independent Corrupt Practices and Other Related Offences Commission (ICPC) as project promoters. The ultimate beneficiaries of the project are Nigerians in diaspora.

    The FHA Diaspora City is a housing initiative of the Authority which is designed to provide a secured and sustainable home ownership for Nigerians that are living and working outside the country, as well as, workers in Nigerian Diplomatic Missions. The project is scheduled into two (2) phases as follows:

    Phase I - Abuja, Lagos, Benin & Port Harcourt to commence in 2017
    Phase II - Enugu, Kaduna, Asaba and Ibadan / Otta to commence in 2018

    Speaking during a collaborative meeting between FHA, ICPC and representatives of Nigerians in Diaspora (NIDO) Europe Chapter in the Authority’s Boardroom on Monday, 13th March, 2017, the Managing Director / Chief Executive of Federal Housing Authority, reiterated that the Nigerian Diaspora Housing Programme (NIDHOP), upon completion, would not only meet the housing needs of Nigerians in diaspora, but would also provide another non-oil cash inflow of FOREX of at least $10 billion annually into the nation’s economy.

    The MD, inspired by the Ethiopian experience, and drawing from statistical data, informed that there are over 15 million Nigerians in Diaspora. On back home remittances, he said that in 2006 alone, NIDO worldwide remitted $16.93 billion into the Nigerian economy, in 2013 the remittance went up to $21 billion, and as recent as 2016, the repatriated sum grew to $35 billion.

    The ICPC Chairman, Barr Ekpo Nta, in his address, expressed happiness and optimism at the collaboration with FHA to bring the diaspora project to reality. He went on to reveal that Nigerians in Diaspora have lost so much money repatriated back home to swindlers, some of which are relations of the victims, in the name of building houses for them. With this initiative, he said that losing money to fraudsters would be a thing of the past as there is now light at the end of the tunnel.

    He pledged that, the Commission, being an anti-corruption body, would not relent in ensuring that the right thing is done to ensure that the project sees the light of day. He maintained that, in 2015, while attending a meeting of NIDO in Germany he learnt that the major problem of remitted funds was its mismanagement which often fell into private hands of relations and close friends. He went further to say that as at March, Nigeria’s foreign reserves stood at $30 billion and if a group of persons are contributing $25 billion to our economy, such should not be ignored.

    In his own remarks, Hon Kenneth Gbandi, Chairman, Board of Trustees, NIDO Europe Chapter expressed joy and support for the Diaspora Housing Project initiative. He made it known that, Nigerians in Diaspora alone have the capacity to repatriate over $10 billion back to the country each year for housing development. Speaking on behalf of NIDO, he emphasised on their readiness to respond positively whenever they are called upon on any matter pertaining to the NIDO project. He promised to work with the respective chapters of NIDO to ensure the success of the project. These are: Europe, America, Asia and Africa.

    An ad-hoc steering committee of stakeholders has been constituted with membership drawn from key governmental institutions relevant to the project, as well as other individuals.