FG Breaks Ground on Students Housing Programme Financed by Family Homes Funds Limited

May 16, 2024

The Federal Government (FG) of Nigeria has officially performed the groundbreaking ceremony for a National Students Housing Programme, marking a significant milestone in addressing the housing needs of students across the country. The groundbreaking for the pilot project took place on the 15th of May at the Akwa Ibom State University, where 1,600 bed spaces are being developed through a financing partnership involving Family Homes Funds Limited, Africa Plus Partners and TETFund.


The national programme, which aims to provide a safe, comfortable, and conducive living spaces for students, will support 24 tertiary institutions including universities, polytechnics, and colleges of education across the six geopolitical zones of the country. Through this initiative, the government seeks to alleviate the housing challenges faced by students and create conducive environments for learning and academic success.

The financial intermediation model for this programme pools development funds from Family Homes Funds Limited, private capital from commercial sources and public funds through TETFund in a scalable and financially sustainable manner to impact the lives of our significantly important student population.