The Federal Housing Authority (FHA) has commissioned the first 100 units of a proposed 1,000-unit residential estate in Ajoda, Ibadan, Oyo State. The newly completed homes include a mix of two- and three-bedroom units.

The commissioning, which took place on Monday, marked a major milestone in the federal government’s Renewed Hope housing agenda, led by President Bola Tinubu.

Speaking at the event, FHA Managing Director Hon. Oyetunde Ojo said the project reflects the directive given by President Tinubu when the current leadership took office in February 2024.

“He gave us a marching order to renew the hope of Nigerians by delivering affordable housing for all. This place had been abandoned since 2018—we are here to correct that. We’ve started with 100 units and have 900 more to deliver,” Ojo stated.

He emphasized that future phases would prioritize inclusivity, especially for informal sector workers.

“The informal sector must also benefit—they even have more resources than the formal sector. We’re considering allocating 100 to 150 units to them. We’re also designing studio apartments for young Nigerians just starting out,” he added.

Ojo assured residents of adequate security and called on the Federal Mortgage Bank to raise awareness about affordable mortgage options available to prospective homeowners.

“We won’t disappoint Nigerians or Mr. President. Under our administration, no project will be abandoned. Ibadan will receive the full 1,000 units,” he pledged.

In recognition of local support, Ojo announced the allocation of two-bedroom units to the Alajia of Ajia, Oba Akinsola Oladepo, and the Onisade of Isade, Oba Saliu Oguntayo, on behalf of President Tinubu.

FHA Executive Director of Project Implementation and Chairman of the Commissioning Committee, Engr. Remi Omowaiye, revealed that similar affordable housing projects are ongoing in 17 states.

“Our next commissioning will be in Abuja this August,” he said.

Also speaking, Managing Director of the Federal Mortgage Bank, Alhaji Shehu Usman Osidi, encouraged Nigerians to apply for mortgage loans available at a 6% interest rate over a 30-year tenure.

“It’s open to all Nigerians. Just visit any of our branches to apply. We have zero tolerance for corruption,” Osidi noted.

Mr. Ige Ayeni, representing Greenwood Construction and Equipment Leasing Nigeria Limited—the developer of the project commended the government’s commitment to housing delivery.

“This was a forest when we started. Today, it offers real hope to Nigerians,” Ayeni said, adding that the estate is open to traders and artisans, not just civil servants.

Traditional ruler Oba Oladepo praised the initiative but called for more federal infrastructure investments in Ibadan and Oyo State.

“We want good roads, electricity, and greater federal intervention,” he appealed.

Deputy Commandant of the Nigeria Security and Civil Defence Corps (NSCDC) in Oyo State, Fatunola Timothy, advocated for better security infrastructure in future estate designs, including armouries and accessible posts.

Representing subscribers, Prof. A. Adenipekun urged FHA to expand housing access for young professionals.

“We still have many doctors and healthcare workers in need of homes. Once completed, this project will exceed expectations,” he said.